19 bed property for sale

55 Broadway, Peterborough PE1

A purposefully refurbished residential investment comprising of 19 high specification, one and two bedroom apartments with 15 allocated parking spaces (including one blue badge bay). The property was fully renovated and converted from 18 to 19 units by the vendor in 2016–2017 and is offered at an asking price of £2,600,000. The current passing rent is £217,680 per annum (gross), representing a current gross yield of 8.37%. Based on an anticipated market rent of £249,240 per annum the development would generate an enhanced gross yield of 9.59%. The quoted blended rate is £233.83 per sqft.

55 Broadway is situated on Broadway, in a prominent corner position at its junction with Church Walk. Broadway runs north/south connecting Earlsfield Road with Midgate which in turn leads to St John’s Street. Broadway provides a mix of residential accommodation including houses and flats within larger purpose-built blocks. Shops, restaurants and bars are also prevalent, many of which benefit from residential upper parts.

Location and transport

The block is located approximately 1.1 km (0.7 miles) from Peterborough train station, a 15‐minute walk, providing convenient commuter access. Direct mainline services to London King’s Cross run from Peterborough with journey times of around 54 minutes, making the location attractive to professionals working in the capital. The property also benefits from strategic road connectivity to the A1(M), A47 and A14 corridors, which supports both resident mobility and the substantial regional logistics and distribution economy.

Peterborough

Peterborough’s investment case is underpinned by strong transport connectivity on the East Coast Main Line, fast direct links to London and strategic road access, which together support durable commuter and rental demand. The city has experienced sustained population growth in recent years, driving a long‐term requirement for housing and a steady occupier base for 1–2 bed units. Ongoing city‐centre regeneration and a healthy development pipeline are enhancing amenity and attracting occupiers, while a diversified local economy — including public services, logistics, manufacturing and distribution — provides a broad employment base and occupational stability. Relative affordability compared with Greater London and some regional cities gives investors stronger entry yields and capital growth potential, and the local demographic mix of students and young professionals creates persistent demand for well‐specified apartments. These factors combine with continued investor appetite for regional mid‐market residential blocks to make Peterborough an attractive market for property investment.

Licensing

Selective licensing was introduced in 2024 and all required licences for the development have been granted without issue; licences run for five years.

Asking price and further information

The property is offered at an asking price of £2,600,000. For full schedules (net operating income, a detailed rent roll, floor areas, EPC and licence documentation) or to arrange a site visit, please contact our team.

EPC Rating: C

Location

55 Broadway is situated on Broadway, in a prominent corner position at its junction with Church Walk just a 15 minute walk away from Peterborough train station. Broadway runs north/south connecting Earlsfield Road with Midgate which in turn leads to St John’s Street. Broadway provides a mix of residential accommodation including houses and flats within larger purpose-built blocks. Shops, restaurants and bars are also prevalent, many of which benefit from residential upper parts.