Varity House, Vicarage Farm Road, Peterborough, Cambs

This ground-floor two-bedroom apartment has a useful open-plan layout, natural light from multiple windows, parking and secure entry in a development that appears generally maintained. Inside, the photographed areas are heavily cluttered and neglected, with marked walls, loose floor materials and a worn or incomplete-looking kitchen; the listing also describes renovation throughout, including the bathrooms and flooring. That gives a buyer scope to rework the interiors and create a refreshed home, but the £45,000–£85,000 works range makes this a substantial project rather than a cosmetic update.

The score is 44/100 (E, Low Opportunity), reflecting the limited condition score and the fact that value against local £/sqf cannot yet be judged: floor area is missing. The £85,000 asking price is therefore not classed as either cheap or dear on a per-square-foot basis, and the purchase-plus-renovation midpoint is £150,000; without floor area or a stated GDV, the residual value is also unclear.