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2 bed property, in The Precincts, £500,000
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2 bed bungalow

The Precincts, Peterborough PE1
£500,000

Our Summary

  • Rare freehold investment opportunity
  • Significant long-term asset with future potential (STPP)
  • The property benefits from mains gas, mains water and mains drainage, and while it would now benefit from modernisation, it offers substantial internal space and enjoys an extraordinary setting rarely available on the open market

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Description

The property is a unique freehold holding within the historic Minster Precincts, located immediately beside Peterborough Cathedral. It comprises two semi-detached bungalows, Mandall House and Ashton House, and two separate parcels of land. Mandall House is a spacious bungalow with a large sitting room, kitchen with pantry, two double bedrooms, and accessible shower facilities.

It sits within attractive gardens enclosed by mature trees and historic stone walls. Ashton House is a second semi-detached bungalow with excellent privacy amongst mature landscaped surroundings. The property benefits from mains gas, water, and drainage.

The two parcels of land fronting Vineyard Road are leased by the local authority on long-term leases, generating a nominal rental income. The land comprises extensive lawns, specimen trees, established planting, and open green space.