Property Information
Located in a quiet, sought-after cul-de-sac in Gunthorpe, Peterborough, this well-maintained one-bedroom first-floor apartment presents an exceptional opportunity for investors. With a reliable tenant in situ generating £ 750 per month, this property is already delivering a robust yield of over 7.8%. 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.
Key Features
- One Double Bedroom First Floor Apartment
- Tenant in Situ – £750 PCM Rental Income
- Leasehold – 77 Years Remaining
- Ground Rent: £120 per annum
- Service Charge: £33 (Last Year) – Shared by 4 Flats
- Lease Extension Quoted: £8,000–£12,000
- Landlord open to contributing towards this cost in the way of asking price for the property
- Quiet Residential Location
- Excellent Transport Links and Amenities Nearby
- Low Maintenance Investment
Why Invest in 32 Wainwright?
Immediate Income
- With a tenant already in place, this is a turnkey investment with zero void period.
- £750pcm represents substantial income for a 1-bed apartment in this location.
Capital Growth Potential
- Peterborough has been highlighted as a key growth area in the East of England, bolstered by continued infrastructure investment, regeneration schemes, and a growing local economy.
- Property prices in PE4 and the wider Peterborough area have shown steady annual increases, with more growth forecasted in the coming years.
Rental Demand
- Increasing rental demand in the area, driven by young professionals, key workers, and commuters, supports the potential for future rent increases and strong yields.
- Proximity to local business hubs, schools, and transport routes makes this apartment highly appealing to long-term tenants.
Location Highlights
- Situated in Gunthorpe, a popular and well-established suburb of Peterborough
- Easy access to local shops, amenities, and bus routes
- Under 15 minutes to Peterborough Train Station – Direct links to London Kings Cross in under an hour
- Close to green spaces, leisure facilities, and major road links (A47, A15, A1(M))
Financial Summary
- Asking Price: £115,000
- Rental Income: £9,000 per annum (£750pcm)
- Gross Yield: Approx. 7.8%
- Ground Rent: £120 per annum
- Service Charge: £33 (2024)
- Lease Remaining: 77 years (Landlord open to negotiating extension costs)
A Smart Choice for Investors
This property combines reliable income, minimal outgoings, and excellent prospects for both capital and rental growth. Whether you’re adding to your portfolio or entering the market for the first time, 32 Wainwright offers immediate returns and long-term value in one of the East of England’s most investable cities.
