This two-bedroom property in a well-established residential area of Peterborough presents a compelling opportunity for cash buyers looking to invest in a home that requires modernization. The location is convenient, with local shops, schools, and essential amenities within easy reach, along with access to parks like Ferry Meadows for outdoor activities.
Approached via a pedestrian pathway, the home features a small lawned area at the front, offering some separation from the street. Inside, the layout includes an entrance hall leading to a spacious lounge and dining area bathed in natural light from the large front-facing window. The kitchen offers potential for upgrades; it comes equipped with existing cabinets and integrated cooking appliances but provides space for additional fixtures.
A central hallway connects to the bathroom, fitted with standard amenities including a bath with overhead shower and vanity storage. The rear-facing bedrooms are well-proportioned, suitable for accommodating wardrobes and other furniture.
However, prospective buyers should be aware that the property has significant damp issues requiring attention. This factor underscores the necessity for refurbishment works and careful assessment by interested parties during inspections.
Additional benefits include gas central heating and double glazing throughout. The front garden could be revitalized with simple landscaping or outdoor seating options to enhance curb appeal. With approximately 49 years left on the lease and a previous estimate of £24,000 for an extension to around 140 years at nil ground rent, buyers will need to account for these factors when considering financing options since mortgage lending may be affected due to the short lease term.
