4 bed detached house for sale

Bishops Road, Peterborough PE1

Summary
The property is ideally situated in Peterborough, offering excellent access to a wide range of local amenities. Within close proximity you will find local shops, supermarkets, schools, and leisure facilities, making it a convenient location for families and professionals.

Description
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Situated in the sought-after PE1 area, this spacious four-bedroom detached property offers a fantastic opportunity for families, developers, and investors alike. Conveniently located close to local schools, the city centre, and the university, the property benefits from excellent amenities and transport links nearby. The accommodation currently comprises four bedrooms, two generous reception rooms, and a conservatory, providing versatile living space ideal for modern family life. The property also benefits from a driveway providing off-road parking and a garage, adding further practicality and storage. While the property would benefit from some cosmetic updating to create a more modern and homely finish, it offers a fantastic canvas for buyers looking to put their own stamp on a property. In addition to its appeal as a spacious family home, the property also presents a significant investment opportunity. Subject to the relevant planning permissions and works, there is potential for the property to be converted into up to six flats, with the possibility of generating rental income around £5000 per calendar month once developed. Properties offering this level of space, flexibility, and development potential in such a convenient location are rarely available, making this an opportunity not to be missed.

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.