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The Precincts, Peterborough, PE1

East of England

£500,000

Listed on 20/07/2026

Property details

Bedrooms
2
Type
Semi Detached Bungalow

Description

This is a distinctive opportunity to obtain a remarkable freehold estate located within the historically significant Minster Precincts, adjacent to Peterborough Cathedral. This offering includes two semi-detached bungalows, known as Mandall House and Ashton House, along with two generous adjoining land parcels, all presented as one single lot. Both bungalows provide substantial living space and are set in private gardens surrounded by mature landscaping and serene views of the Cathedral. While Mandall House and Ashton House currently require modernization to unlock their full potential, they boast essential services such as mains gas, water, and drainage. The expansive grounds not only enhance the property's appeal but also present an intriguing investment opportunity. The accompanying land parcels feature established greenery and open spaces that further elevate this estate's unique character. Currently leased by the local authority for nominal rental income, these parcels represent a rare asset in this esteemed area with potential for future development or enhancement—subject to obtaining necessary planning permissions. This property stands out as an exceptional investment opportunity in Peterborough's property market, combining residential accommodation with extensive grounds in a prestigious setting seldom available for purchase.

Investment analysis

(PE1 area)
Area Average
£230/sq ft
Avg Rent (weekly)
£218
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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
7%
Properties sold annually

Local Market Trend (PE1)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +10.4%
5 year growth: +18.7%
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

The Precincts, 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
£1,889
Based on a loan of £375,000 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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