Eastfield Road, Peterborough, PE1 4AX

Generating rental income of £2400 per month. Potential to use existing lounge area and turn into a 5bed HMO which would offer a total of £3000 per month in rental income.

Central Peterborough offers a mix of affordable city living, commuter convenience, and established residential neighbourhoods, making it popular with first-time buyers, investors, and families alike. Property prices are generally lower than nearby commuter hotspots such as Cambridge while still offering fast rail connections into London, which has helped maintain steady demand across the area. Housing stock varies from Victorian terraces and traditional semis in areas such as Millfield and New England to larger executive homes around Thorpe Road and West Town. Flats and smaller terraces near the city centre remain attractive to landlords due to strong rental demand from hospital staff, logistics workers, and commuters.

One of the main advantages of living in central Peterborough is the transport connectivity. Peterborough railway station provides direct services to London King’s Cross in around 50 minutes, alongside routes to Birmingham, Cambridge, Leeds, and Edinburgh. Road access is also a major draw, with the city positioned close to the A1(M), providing straightforward travel north and south, while the A47 links Peterborough with Leicester, Norwich, and the wider East Midlands region. For daily commuting, many central neighbourhoods allow residents to walk or cycle into the city centre, railway station, and employment areas.

Families are supported by a wide range of schools across the central districts. Well-known local options include The King's (The Cathedral) School, which has a strong academic reputation, alongside Thomas Deacon Academy and Bishop Creighton Academy. There are also numerous primary schools spread throughout areas such as Fletton, West Town, and New England, making the area practical for families wanting access to education without moving to outer suburban estates.

Shopping and amenities are concentrated around the city centre, with Queensgate Shopping Centre serving as the main retail destination and offering major high street brands, supermarkets, restaurants, and leisure facilities. Residents also benefit from nearby independent convenience stores, local markets, gyms, cafes, and healthcare services throughout the central neighbourhoods. Ferry Meadows Country Park and the River Nene provide accessible green space close to the city centre, helping balance urban convenience with outdoor recreation.

Overall, central Peterborough appeals to buyers seeking practical commuter access, comparatively affordable house prices, and strong everyday amenities. While some streets are more desirable than others and older properties may require modernisation, the area continues to attract steady buyer interest due to its transport links, improving infrastructure, and value for money compared with many southern England commuter towns. Auctioneers Comments:

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.