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Sovereign Place, Peterborough PE3 - Image 1
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Sovereign Place, Peterborough PE3

East of England

£115,000
Listed on 19/03/2026

Property Details

Bedrooms
2
Type
Flat
Area
580 sqft

Description

Nestled in the sought-after area of Sovereign Place, this ground-floor two-bedroom flat is a promising opportunity for both first-time buyers and investors looking to enhance their portfolio. The property is conveniently located within walking distance to Queensgate Shopping Centre, Peterborough train station, and a variety of local amenities, ensuring excellent connectivity and access to essential services such as schools and healthcare. Although the flat currently requires modernisation and cosmetic updates, its practical layout provides a strong foundation for transformation. With an entrance hall leading to a spacious lounge/diner, kitchen, two bedrooms, and a separate bathroom, there’s ample potential to create an inviting living space or lucrative rental unit. Allocated parking adds convenience to this investment property, making it an attractive project for those eager to add value in a desirable location.

Investment Analysis

(PE3 area)

Below Market Value

This property is priced -20.8% below area average per sq ft

-20.8%
Potential saving
This Property
£198/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£159,660
10% above area average per sq ft
Potential ROI
+14.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (PE3)

Area prices are falling by -6.1% over the last 12 months
3 year growth: -1.5%
5 year growth: +2.7%
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

Sovereign Place, Peterborough PE3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£407
Based on a loan of £86,250 over 30 years at 3.91% 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.

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