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Hodgson Avenue, Peterborough

East of England

£225,000

Listed on 28/05/2026

Property Details

Bedrooms
4
Type
Commercial Property
Area
1573 sqft

Description

This property currently operates as an NHS surgery and represents a unique investment opportunity for potential redevelopment. Located within Werrington, the site occupies a generous 0.3-acre plot and enjoys convenient access to local amenities including shops, pubs, and excellent transport links to Peterborough City Centre. With the current tenants set to vacate in Autumn, this space is ripe for transformation. The building features a varied layout, encompassing a reception area, waiting room, multiple consulting rooms (three), treatment rooms (two), and facilities such as kitchenettes and WCs—one equipped for disabled access. The total floor area measures approximately 1,600 sq feet. A preliminary conversation with the local planning authority indicated that assisted living accommodation would be viewed positively should planning permission be sought. This presents an exciting avenue for redevelopment into residential or alternative commercial uses like offices or day nurseries, contingent on obtaining the necessary approvals. The property also benefits from on-site parking that accommodates seven vehicles, enhancing its appeal for various operational needs. Given its flexible usage potential coupled with the high demand for housing solutions in the area, exploring renovation options here could yield substantial returns.

Investment Analysis

(PE4 area)

Below Market Value

This property is priced -46.1% below area average per sq ft

-46.1%
Potential saving
This Property
£143/sq ft
Area Average
£266/sq ft
Avg Rent (weekly)
£250
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£459,568
10% above area average per sq ft
Potential ROI
+55.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE4)

Area prices are stable by +0.2% over the last 12 months
3 year growth: +0.6%
5 year growth: +15.4%
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

Hodgson Avenue, Peterborough
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£850
Based on a loan of £168,750 over 30 years at 4.45% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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