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Melrose Drive, Fletton, Peterborough

East of England

£240,000
Listed on 14/03/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This property greets you with a central entrance hall that leads to key living areas on the ground floor. To the left, you will find a kitchen/diner that presents a practical layout suited for meal preparation and family dining. It accommodates appliances and ample work surfaces, creating an inviting space filled with natural light from the window—a great setting for daily use or gatherings. The adjacent staircase offers convenient access to the first floor.<br><br>On the right side of the hall, the spacious living room boasts large windows that allow plenty of sunlight to flood in, establishing a bright and welcoming environment ideal for unwinding or entertaining guests.<br><br>The upper level unfolds onto a centrally located landing, leading to three well-sized bedrooms alongside a family bathroom. The first bedroom is particularly spacious, serving as an excellent main bedroom. The second bedroom also accommodates a double bed comfortably, perfect for guests. The third bedroom can serve multiple purposes—ideal as a child's room, home office, or nursery.<br><br>Located off the landing is the family bathroom equipped with essential amenities: a bath with shower over, wash basin, and WC.<br><br>Outside, this property sits on a generous plot providing ample outdoor space ripe for landscaping or potential future development. A driveway ensures off-road parking and access to a garage that can serve as additional storage or vehicle shelter. Given the substantial size of the plot, there is exciting potential for extensions (subject to planning permissions), making this property not only livable but also highly adaptable.<br><br>In summary, this home offers comfortable living today while presenting significant opportunities for personalization and expansion in the future—making it an appealing option for both families looking to settle in and investors aiming for potential growth.

Investment Analysis

(PE2 area)
Area Average
£265/sq ft
Avg Rent (weekly)
£231
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (PE2)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -0.1%
5 year growth: +13.1%
Investment Disclaimer: Analysis based on PE2 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

Melrose Drive, Fletton, 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
£866
Based on a loan of £180,000 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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