Description
Discover this exclusive London Road Peterborough apartments opportunity at PE2 9BT. Comprising 13 one-bedroom flats finished to a high standard, this freehold block is offered at a guide price of £3 million plus a 2% sourcing fee. Although current yields (3.48%–3.98% gross) fall below the city average (6.04%–6.24%), the property sits in a low-vacancy market (1% vacancy rate), providing stable cash flow and potential upside through re-letting at market rents of up to £765 PCM. Located in Fletton & Woodston, the block benefits from excellent amenities within walking distance, including supermarkets, cafés, gyms and Queensgate Shopping Centre. Peterborough Station—and direct services to London King’s Cross—is a 15-minute walk away, while frequent bus routes stop on London Road. With robust city-centre regeneration underway (Station Quarter, Riverside and ARU Living Lab), this asset offers both immediate income and long-term capital growth. Key Takeaways: • Prime London Road Peterborough apartments investment – 13×1-bed units • Marketing Price: £3,000,000 (plus 2% sourcing fee) Computed Gross Yield: 3.48%–3.98%, Net Yield: 2.02%–2.79% • Below Peterborough average gross yield of 6.04%–6.24% • Break-even for a 6% net yield at ~£1.99M (33% discount)Investment Highlights
| Metric | Conservative | Optimistic |
|---|---|---|
| Monthly Rent Per Unit | £670 | £765 |
| Total Annual Income | £104,520 | £119,340 |
| Gross Yield | 3.48% | 3.98% |
| Net Yield (85% Occ.) | 2.02% | 2.32% |
| Net Yield (100% Occ.) | 2.43% | 2.79% |
| Commission (2% Sourcing Fee) | £60,000 | £60,000 |
| Break-even Price for 6% Net | ~£1,989,000 (66% GP) | ~£1,989,000 (66% GP) |
| Figure: Yield & cash-flow versus purchase price scenarios |
Location & Transport
- 5-min walk to local shops & supermarket
- 2-min walk to bus stops (routes 3, 4, 123)
- 15-min walk to Peterborough Station (LNER to London)
- Easy access to A1(M) & A47
Outbound Links
- Peterborough City Council Regeneration → peterborough.gov.uk/regeneration
- Transport for East Midlands → eastmidlandsrailway.co.uk
- Queensgate Shopping Centre → queensgate-peterborough.co.uk
- ARU Peterborough Campus → aru.ac.uk/campuses/peterborough
- Network Rail – Peterborough Station → networkrail.co.uk/stations/peterborough/
