1 bedroom flat for sale

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1 bedroom flat for sale

Wainwright, Peterborough, Cambridgeshire, PE4
£115,000

Our Summary

  • Beyond its current performance, the property offers real potential for capital appreciation, with Peterborough consistently ranking as one of the UK's most promising cities for both property price growth and rental demand

Description

This attractive one-bedroom first-floor apartment in Gunthorpe, Peterborough, offers a lucrative buy-to-let opportunity with immediate returns and long-term upside. With a reliable tenant in place generating £750 per month, the property is already delivering a robust yield of over 7.8%. The property is situated in a quiet, sought-after cul-de-sac and benefits from excellent transport links and amenities nearby. With 77 years remaining on the lease, the property also offers potential for capital appreciation, as Peterborough is consistently ranked as one of the UK's most promising cities for property price growth and rental demand. The landlord is open to negotiating the lease extension costs, which have been quoted at £8,000-£12,000, and is willing to contribute towards this cost in the form of a reduction in the asking price.