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St Michaels Gate, Parnwell, Peterborough, PE1 - Image 1
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St Michaels Gate, Parnwell, Peterborough, PE1

East of England

£175,000

Listed on 13/06/2026

Property Details

Bedrooms
3
Type
House

Description

Presenting an intriguing investment opportunity, this well-spaced three-bedroom mid-terraced home offers significant potential for enhancement through renovation. The property features a versatile layout, with a ground floor bedroom and two additional bedrooms upstairs, making it suitable for both family living and rental markets. Key areas include an entrance hall, a WC, an open-plan kitchen/diner, and a spacious lounge. The first floor accommodates two double bedrooms alongside a family bathroom. Beyond the current living space, the property has a private garden and is situated in Parnwell, Peterborough—close to essential amenities such as local schools, shops, and transport links—all of which enhance its rental appeal. With the potential for capital growth through modernisation, this property stands out as a compelling option for landlords looking to increase their returns or developers seeking to add value.

Investment Analysis

(PE1 area)
Area Average
£231/sq ft
Avg Rent (weekly)
£219
Avg Yield
5.5%

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
25
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PE1)

Area prices are rising by +2.4% over the last 12 months
3 year growth: +11.2%
5 year growth: +18.8%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£661
Based on a loan of £131,250 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

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