Crown Street

The property comprises five adjoining residential houses combined under a single ownership, all of which are fully let, producing a current gross annual income of approximately £66,000pa - such as the properties although 5 terraced buildings comprise of 6 x 1 bedroom apartments and 2 x 3 bedroom houses. Crown Street presents a compelling mixed investment and development opportunity in a well-established residential location within Peterborough. . In addition to the stabilised rental income, the asset benefits from a substantial parcel of land extending to approximately 1/3 of an acre to the rear, offering clear medium-term development potential. The site has previously benefited from planning consent for four additional dwellings, making it particularly attractive to investors and developers seeking both income and value-add upside.

Development Land & Planning History with approximately 1/3 acre of land located to the rear of the existing houses
Previous planning approval granted for:
o 2 × two-bedroom bungalows
o 2 × three-bedroom houses
o Planning history indicates established residential acceptability, reducing planning risk for future schemes
o Scope to re-apply or revise planning (subject to consents) to reflect current market demand