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Richmond Avenue, Peterborough PE4

East of England

£220,000

Listed on 20/06/2026

Property details

Bedrooms
2
Type
Detached Bungalow
Area
1089 sqft

Description

This detached bungalow, set on a substantial corner plot, presents an exciting opportunity for renovation and investment. Featuring two spacious bedrooms and a versatile loft room, the layout includes a bright lounge, equipped kitchen, and a functional bathroom. The exterior boasts a generous wrap-around garden with patio space, an outbuilding for storage or potential workshop use, and a garage with power connectivity. While the property is chain free and functional as it stands, it offers significant scope for modernization to enhance living spaces and personal style. This unique home provides ample outdoor space that can be transformed into an attractive garden retreat or entertainment area. With its potential for updates throughout and situated in a sought-after area of the East of England, this bungalow invites buyers to envision their ideal living environment through thoughtful improvements.

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Investment analysis

(PE4 area)

Below Market Value

This property is priced -23.9% below area average per sq ft

-23.9%
Potential saving
This Property
£202/sq ft
Area Average
£266/sq ft
Avg Rent (weekly)
£250
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£318,162
10% above area average per sq ft
Potential ROI
+22.4%
After renovation
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
11%
Properties sold annually

Local Market Trend (PE4)

Area prices are stable by +0.2% over the last 12 months
3 year growth: +0.6%
5 year growth: +15.4%
Investment Disclaimer: Analysis based on PE4 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

Richmond Avenue, Peterborough PE4
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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
£831
Based on a loan of £165,000 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

Price History

-12.0% since listed
£220,000£30,000(-12.0%)
21/05/2026
Current price
£250,000Initial listing
18/03/2026

Next Steps

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