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Richmond Avenue, Peterborough

East of England

£250,000
Listed on 11/03/2026

Property Details

Bedrooms
2
Type
Detached house
Area
1089 sqft

Description

This charming two-bedroom detached bungalow, featuring an adaptable loft room, is situated on a generous corner plot, presenting a substantial opportunity for renovation and investment. The home includes a spacious lounge filled with natural light, a fitted kitchen that could benefit from modernisation, and a practical bathroom. With two well-sized bedrooms, there is ample space to create a comfortable living environment. The exterior boasts a wrap-around garden that features both a patio area and an outbuilding for additional storage or potential workspace, along with a garage equipped with power and lighting. Offered chain free, this property invites the next owner to make their mark by updating the interiors to align with contemporary tastes while enhancing its existing character. Given its expansive plot and renovation potential, this bungalow represents an exciting project in a desirable location.

Investment Analysis

(PE4 area)

Below Market Value

This property is priced -12.5% below area average per sq ft

-12.5%
Potential saving
This Property
£230/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£231
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£314,269
10% above area average per sq ft
Potential ROI
+8.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (PE4)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -0.5%
5 year growth: +15.5%
Investment Disclaimer: Analysis based on PE4 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

Richmond Avenue, 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
£902
Based on a loan of £187,500 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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