New Priestgate House

PROPERTY OVERVIEW

A well-presented, modern two-bedroom apartment located in the heart of Peterborough city centre at New Priestgate House, Peterborough, PE1 1JX. Offered at a guide price of £120,000, this leasehold investment (approx. 115 years remaining) presents an attractive opportunity for investors seeking a strong, low-maintenance asset with established rental income.

Built circa 2017, the apartment is positioned on the fourth floor and comprises an entrance hallway, spacious lounge/diner, modern fitted kitchen, master bedroom with built-in wardrobes and en-suite, a second double bedroom also with built-in storage, and a family bathroom. The property further benefits from one allocated parking space.

INVESTMENT SUMMARY

• £800 PCM rental income
• 6.37% net yield
• Leasehold (115 years remaining)
• City centre location
• Within 5 minutes of Peterborough train station
• Two double bedrooms
• En-suite to master bedroom
• Allocated parking space

This property represents a genuinely compelling investment proposition. With a gross yield of 6.4%, it comfortably outperforms the current UK average buy-to-let yield of approximately 5%, offering strong returns from day one. There is no void period to contend with, no costs associated with finding a new tenant, and no delays, rental income begins immediately upon completion.

LET PURE INVESTOR TAKE THE STRAIN AWAY …