Offers over
£199,999
2 bed flat for saleKitson House East Station Road, Peterborough PE2
2 beds
1 bath
EPC Rating: B
About this property
Allocated Parking
Council Tax Band - B
Yield Potential 14%
Leasehold - 996 Years
Ground Rent - £29 pcm
Service Charge - £112.50pcm
Private Balcony
A ready-made investment opportunity located within a consistently strong rental area in Peterborough, currently generating approximately £1,250 pcm from reliable long-term tenants with no arrears history, offering a secure income-producing asset from day one.
Priced competitively below comparable market value due to seller motivation, the property offers investors immediate equity alongside a projected yield of over 7%. Comparable rental properties within the PE2 8UB area and surrounding Hampton and Cardea developments are achieving approximately £1,200–£1,400 pcm, reflecting strong demand driven by modern housing stock and proximity to key employment hubs.
The property is presented in low-maintenance condition with no major works required, making it an ideal hands-off addition to any portfolio.
Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.
Once an offer is accepted, a deposit of £7,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.
All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.
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More information
Tenure
Leasehold (996 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review
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