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Melrose Drive, Fletton, Peterborough PE2 - Image 1
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Melrose Drive, Fletton, Peterborough PE2 - Image 3

Melrose Drive, Fletton, Peterborough PE2

East of England

£240,000
Listed on 14/04/2026

Property Details

Bedrooms
3
Type
Detached

Description

This property features a central entrance hall that leads to spacious ground floor accommodations. To one side, the kitchen/diner presents a practical layout, allowing for cooking and dining with ample space for appliances and a sizeable family table. It is bathed in natural light from the window, creating an inviting atmosphere suitable for everyday meals or entertaining guests. Adjacent to the kitchen is a staircase leading to the first floor. On the opposite side, you will find a generously proportioned living room characterized by a large window that floods the space with light, making it ideal for relaxation and gatherings. The first floor comprises a central landing that branches out to three well-sized bedrooms alongside a family bathroom. The main bedroom stands out as spacious and comfortable. The second bedroom also accommodates a double bed comfortably, while the third bedroom offers flexibility—perfect as a child’s room, home office, or nursery. The family bathroom is conveniently positioned off the landing and features standard fittings including a bath with shower over, wash basin, and WC. Externally, this property sits on an expansive plot that provides excellent outdoor space ripe for landscaping or future development possibilities. A driveway leads to an attached garage offering additional storage solutions or parking facilities. Given the size of the plot, there is significant potential for extending the property (subject to planning permissions). In summary, this home presents comfortable living spaces coupled with exciting renovation opportunities—ideal for buyers looking to personalize their environment or investors seeking growth potential.

Investment Analysis

(PE2 area)
Area Average
£262/sq ft
Avg Rent (weekly)
£234
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE2)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +0.3%
5 year growth: +13.6%
Investment Disclaimer: Analysis based on PE2 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

Melrose Drive, Fletton, Peterborough PE2
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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
£850
Based on a loan of £180,000 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.

Stamp Duty Calculator

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