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Reeves Way, Peterborough

East of England

£190,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1124 sqft

Description

This property presents a solid investment opportunity in a sought-after area, close to local schools and amenities. It features three bedrooms and two reception areas, offering ample space for families or potential renters. While it is currently in need of modernization, the layout allows for creative renovation possibilities that could significantly enhance its value. The ground floor includes an inviting entrance hall leading to a lounge and dining room, both benefiting from natural light through UPVC double-glazed windows. The kitchen has fitted units and a built-in pantry, with direct access to a lobby and cloakroom. Upstairs, you'll find three well-sized bedrooms and a bathroom equipped with essential fixtures. The exterior boasts off-road parking and a rear garden ideal for potential landscaping or personal touches. This home’s potential is evident for those willing to undertake some refurbishment work.

Investment Analysis

(PE1 area)

Below Market Value

This property is priced -26.7% below area average per sq ft

-26.7%
Potential saving
This Property
£169/sq ft
Area Average
£231/sq ft
Avg Rent (weekly)
£211
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£285,176
10% above area average per sq ft
Potential ROI
+29.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE1)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +9.9%
5 year growth: +18.5%
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

Reeves Way, Peterborough
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£673
Based on a loan of £142,500 over 30 years at 3.91% 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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