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9 bed block of flats for sale

£1,284,000

Broadway, Peterborough PE1

9
Interested in this property? Call 01733 592048 * or

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Property features

  • City centre location
  • Close proximity to train station

Property description

**freehold investment opportunity** Fantastic opportunity to acquire this newly converted block comprising of nine self contained apartments located at the heart of the Peterborough City Centre.

Potential gross earnings over £6000 per month.

Broadway Place

Broadway Place will comprise 9 brand new apartments with allocated parking. This conversion development is located in the centre of the city which is currently under going a £1billion redevelopment project helping with the ever growing population and growth of the city.

The development is located only 1.5 miles from Peterborough train station giving access to commuters to London Kings Cross in just 45 Minutes

Each apartment has been carefully thought out by the developers and architects to maximise the use of space, light and functionality.

Opportunity

This residential development is currently undergoing conversion and is aiming to be complete by December 2016.

This is a rare opportunity to purchase the freehold and the 9 individual converted apartments completed to high specification.

Floor Areas

Ground Floor - 145 sqm / 1560 sqft

First Floor - 138 sqm / 1485 sqft

Second Floor - 129 sqm / 1388

Total - 4433 sqft

Services

Mains electricity, and water are available to each individual apartment. Interested parties are however advised to make their own enquiries of the relevant service providers.

Viewing Access

Strictly by appointment only with sole agents

Belvoir

1022 Lincoln Road
Peterborough
PE4 6AS

Legal Costs

Each party to bear their own legal costs.

Belvoir Disclaimer

Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation. All measurements quoted are approximate. These Particulars do not constitute a contract or part of a contract

Property info

Market activity
Average price paid £147,395 Sales 560 Current average value £157,132 (Zoopla Zed-Index) Value change £9,792 ▲ 6.65%

What is the current average value of properties in PE1?

The current average value in PE1 in January 2017 is £157,132. This has increased 0.92% from October 2016. Terraced properties sold for a current average value of £130,558 and semi-detached properties valued £163,396. In the past year property prices in PE1 have increased 6.65%. This is according to the current Zoopla estimates.

Property value data/graphs for PE1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £232,369 £184 3.4 £218,755
Semi-detached £163,396 £167 3.0 £151,497
Terraced £130,558 £162 2.7 £131,998
Flats £114,326 £173 1.7 £113,771

Current asking prices in PE1

Average: £174,648
Avg. current asking prices in PE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £63,142
(7)
£121,317
(74)
£171,448
(108)
£261,886
(37)
£545,500
(12)
Flats £79,687
(29)
£129,043
(46)
£147,500
(4)
£287,500
(2)
£230,000
(1)
All £76,470
(36)
£124,278
(120)
£170,593
(112)
£263,200
(39)
£521,231
(13)

Current asking rents in PE1

Average: £603 pcm
Avg. current asking prices in PE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £464 pcm
(39)
£668 pcm
(9)
£787 pcm
(6)
£962 pcm
(2)
-
Flats £529 pcm
(79)
£753 pcm
(29)
- £949 pcm
(1)
-
All £507 pcm
(118)
£733 pcm
(38)
£786 pcm
(6)
£958 pcm
(3)
-

Fun facts for PE1

Highest value in PE1
Highest value streets Zed-Index
Park Crescent £595,445
Broadway Gardens £448,520
Broadway £333,496
Barkston Drive £316,600
Woodbyth Road £303,663
Highest turnover in PE1
Highest turnover streets Turnover
Crawthorne Road 45.3%
Grange Avenue 42.2%
Queens Drive West 40.9%
St. Martins Street 40.0%
Ascot Drive 38.1%

What Zoopla users think of Peterborough

Overall rating:

  • currently 3.5 stars
Good - 73% (202 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Peterborough:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Peterborough (1.6 miles)
  • Whittlesea (5.4 miles)
  • Stamford (Lincs) (11.4 miles)
  • East Midlands Airport (49.1 miles)
  • London Luton Airport (50.0 miles)
  • London Stansted Airport (52.6 miles)
  • West Lynn Ferry Landing (28.2 miles)
  • King's Lynn Ferry Landing (28.2 miles)
  • Reedham Ferry North (74.7 miles)

Nearby schools

View all schools in Peterborough
  • Dogsthorpe Infant School (0.3 miles)
  • Dogsthorpe Academy (0.3 miles)
  • Dogsthorpe Junior School (0.3 miles)
  • Peterborough Regional College (0.4 miles)
  • Sense College (3.7 miles)
  • New College Stamford (11.3 miles)
  • Marshfields School (0.4 miles)
  • City of Peterborough Academy, Special School (0.5 miles)
  • Thomas Deacon Academy (0.6 miles)
Note: Distances are straight line measurements

Local info for Peterborough

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For more information about this property, please contact
Belvoir, PE4 on 01733 592048 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Belvoir, and do not constitute property particulars. Please contact Belvoir for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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