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Sovereign Place, Peterborough

East of England

£115,000
Listed on 17/02/2026

Property Details

Bedrooms
2
Type
Flat
Area
580 sqft

Description

This ground-floor two-bedroom flat, situated in the desirable Sovereign Place area, offers a fantastic opportunity for those looking to invest or create their ideal home. Located conveniently near the Queensgate Shopping Centre, Peterborough train station, and various local amenities, this property benefits from excellent transport links and access to essential services like schools and healthcare. With its practical layout featuring a generous lounge/diner, kitchen, two bedrooms, and a separate bathroom, the space is well-suited for renovation. While it requires cosmetic updates and some modernization to reach its full potential, the existing configuration allows for flexible enhancements that could significantly increase both comfort and value. Ideal for cash buyers seeking a project with potential rental returns or as a first-time purchase, this property presents an enticing canvas for improvement.

Investment Analysis

(PE3 area)

Below Market Value

This property is priced -20.8% below area average per sq ft

-20.8%
Potential saving
This Property
£198/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£236
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£159,628
10% above area average per sq ft
Potential ROI
+18.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (PE3)

Area prices are stable by -1.1% over the last 12 months
3 year growth: +3.8%
5 year growth: +12.7%
Investment Disclaimer: Analysis based on PE3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Sovereign Place, Peterborough
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£415
Based on a loan of £86,250 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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