Monument Street, Peterborough, PE1 1 bed flat for sale

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Monument Street, Peterborough, PE1 1 bed flat for sale

Monument Street, Peterborough, PE1
£79,950

Our Summary

  • Categorised under Council Tax Band A at £1388, this property flaunts an appealing investment potential with a current rental income of £795 pcm, making it a lucrative proposition for landlords

Description

This 1-bedroom flat in the heart of the city is a rare find for first-time buyers and investors alike. With a modest floor area of 323 sq ft, the property boasts electric heating throughout and an allocated parking space, making it an ideal choice for those who value convenience. The property's leasehold tenure includes a 999-year lease from 1993, providing long-term stability. While it may not have a garden, the off-street parking and proximity to the city centre and train station make up for it. With a current rental income of £795 pcm and a Council Tax Band A rating, this property offers an attractive investment opportunity. Additionally, the ground rent is set at a modest £50 per annum and the service charge is approximately £1500 per annum, making it a practical and functional choice for those seeking a hassle-free living experience.