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St Michaels Gate, Parnwell, Peterborough, PE1

East of England

£335,000
Listed on 27/02/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This property presents a compelling investment opportunity, featuring two three-bedroom homes available as a single lot, perfect for investors or developers aiming to capitalize on the rental market. Each property offers a functional layout consisting of a ground floor bedroom and two additional bedrooms upstairs, making them suitable for families or rental purposes. The generous living spaces and private gardens provide room for enhancement, presenting significant potential for modernization and increased value. Located in Parnwell, Peterborough, these homes enjoy proximity to local amenities such as schools, shops, and transport links which are attractive to prospective tenants. With the possibility of generating an approximate rental income of £1,700 per month upon refurbishment, this combined purchase is ideal for those looking to maximize their investment portfolio. Early viewings are encouraged to fully appreciate the opportunities that these properties offer.

Investment Analysis

(PE1 area)
Area Average
£227/sq ft
Avg Rent (weekly)
£207
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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
12%
Properties sold annually

Local Market Trend (PE1)

Area prices are rising by +4.1% over the last 12 months
3 year growth: +10.8%
5 year growth: +22.2%
Investment Disclaimer: Analysis based on PE1 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

St Michaels Gate, Parnwell, Peterborough, PE1
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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
£1,208
Based on a loan of £251,250 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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