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Grovelands, Peterborough, PE3 6AQ

East of England

£115,000

Listed on 30/06/2026

Property details

Bedrooms
2
Type
Flat
Area
660 sqft

Description

This top-floor two-bedroom flat presents a valuable opportunity for modernization, situated conveniently in the city centre, just a short five-minute stroll from the train station and Queensgate shopping area. The property comprises a kitchen, a lounge, two generously sized double bedrooms, and a bathroom, along with hallway storage for added convenience. Benefiting from electric heating and uPVC windows, this flat also includes access to well-maintained communal gardens and features an intercom entry system. Ideal for first-time buyers or investors looking to add value through refurbishment, this leasehold property has a remaining lease of 147 years with minimal ground rent obligations and an annual service charge of approximately £1578. With its prime location and potential for enhancement, this flat is ripe for renovation investment.

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Investment analysis

(PE3 area)

Below Market Value

This property is priced -30.9% below area average per sq ft

-30.9%
Potential saving
This Property
£174/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£239
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£182,952
10% above area average per sq ft
Potential ROI
+35.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE3)

Area prices are falling by -5.7% over the last 12 months
3 year growth: -3.1%
5 year growth: -7.1%
Investment Disclaimer: Analysis based on PE3 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

Grovelands, Peterborough, PE3 6AQ
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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
£434
Based on a loan of £86,250 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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