17 High Street, Market Deeping, Peterborough, Cambridgeshire PE6 8ED

Description

A derelict freehold Grade II Listed two storey property offering development potential (subject to the necessary consents) Planning permission was granted by South Kesteven District Council on 02/08/2023 (ref: S23/0841) for the extension to existing dwelling to form 2 additional dwelling units. The property is situated on the High Street, with local shopping amenities available within Market Deeping town centre. A wider range of shops, bars and restaurants can be found in Peterborough city centre, located to the south. The area is well served by local bus routes, with road links including the A1175 to the west and the A15 to the south-west.

Location

17 High Street, Market Deeping, Peterborough, Cambridgeshire PE6 8ED. Located in the PE6 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended development strategy with adequate contingency.

Strategy Rating

Development: ★★★★☆ | Resale: ★★★★☆ | Buy-to-Let: ★★☆☆☆