# 2 bedroom apartment for sale (PE1 5AA)

## Property Details

| Key | Value |
|-----|-------|
| Address | 4 HAMMONDS DRIVE, PETERBOROUGH, FENGATE, CITY OF PETERBOROUGH PE1 5AA |
| Price | £131,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £100,000 Jul 2024 |

## Description

CityRise are thrilled to present this investment opportunity in Peterborough. This modern and stylish 2-bedroom, 1 bathroom apartment is tailor-made for first time investors and for those who are looking to expand their investment portfolio. Located in a sought-after area with access to essential amenities, this property offers convenience and comfort to potential tenants.

Boasting a sleek design and efficient layout, this apartment is primed for excellent rental income potential. The open-plan living area provides a welcoming space for tenants, while the well-appointed bedrooms offer privacy and relaxation. Investors will appreciate the low maintenance cost of this property, ensuring a high return on investment.

In addition to its attractive features, this apartment benefits from being situated in a growing rental market in Peterborough, making it a lucrative investment opportunity. Don't miss your chance to acquire this exclusive property designed for investors seeking long-term financial gains.

Please get in touch with us if you wish to discuss this property investment or other buy to let opportunities.

Council Tax Band - B

EPC - C

Ref No: 10008

About CityRise

CityRise has continued with the same ethos it was founded upon; tailor-making the best property investment solutions across the UK to suit our client’s investment goals. As a company, we adopt an authentic and personal approach whilst guiding you to the right investment. Regardless of whether you are adding to an existing portfolio, or are a first-time investor, our team of experts will be with you from start to finish. You will receive independent, professional advice whilst we search the market for the property that best suits your strategy and goals.

## Property Photos

- ![7.3.jpeg](/listings/photos/89773779/1226335) - 7.3.jpeg
- ![7.1.jpeg](/listings/photos/89773779/1226338) - 7.1.jpeg
- ![7.2.jpeg](/listings/photos/89773779/1226340) - 7.2.jpeg
- ![7.5.jpeg](/listings/photos/89773779/1226341) - 7.5.jpeg
- ![7.4.jpeg](/listings/photos/89773779/1226342) - 7.4.jpeg
- ![7.6.jpeg](/listings/photos/89773779/1226343) - 7.6.jpeg
- ![7.7.jpeg](/listings/photos/89773779/1226344) - 7.7.jpeg

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 4 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £100,000 | 01/07/2024 | Flat |
| 4 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £125,000 | 05/03/2020 | Flat |
| 4 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £122,500 | 05/08/2016 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 188 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £130,000 | 26/09/2025 | Flat |
| [Same street] 72 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £123,000 | 24/02/2025 | Flat |
| 32 JAMES AVENUE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5BL | £140,000 | 06/12/2024 | Flat |
| 23 JAMES AVENUE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5BL | £145,000 | 26/10/2023 | Flat |
| 1 MILLER WAY, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5BD | £145,000 | 26/10/2023 | Flat |
| 6 FLAT 1 ATKINSON STREET, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5HW | £114,000 | 24/10/2023 | Flat |
| 238 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £122,000 | 20/10/2023 | Flat |
| 20 HARTLEY AVENUE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5FT | £145,000 | 29/09/2023 | Flat |
| [Same street] 70 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £130,000 | 12/06/2023 | Flat |
| 9 RUDD CLOSE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5BE | £145,000 | 12/06/2023 | Flat |
| 270 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £145,000 | 12/05/2023 | Flat |
| 15 RUDD CLOSE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5BE | £147,000 | 05/05/2023 | Flat |
| [Same street] 72 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £86,000 | 03/03/2023 | Flat |
| [Same street] 66 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £122,000 | 13/12/2022 | Flat |
| 220 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £146,000 | 31/10/2022 | Flat |
| [Same street] 132 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £120,000 | 01/08/2022 | Flat |
| [Same street] 24 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £143,000 | 22/07/2022 | Flat |
| 8 MILLER WAY, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5BD | £143,000 | 08/07/2022 | Flat |
| [Same street] 130 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £124,500 | 30/06/2022 | Flat |
| 232 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £125,000 | 25/06/2022 | Flat |
| 23 JAMES AVENUE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5BL | £130,000 | 27/05/2022 | Flat |
| 134 HARTLEY AVENUE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5FT | £135,000 | 27/05/2022 | Flat |
| [Same street] 56 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £60,750 | 10/05/2022 | Flat |
| [Same street] 36 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £130,000 | 29/04/2022 | Flat |
| [Same street] 124 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £33,750 | 28/04/2022 | Flat |
| 152 HARTLEY AVENUE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5FT | £145,000 | 17/04/2022 | Flat |
| 17 JAMES AVENUE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5BL | £135,000 | 08/04/2022 | Flat |
| 30 JAMES AVENUE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5BL | £145,000 | 08/04/2022 | Flat |
| 25 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AZ | £141,500 | 18/03/2022 | Flat |
| 236 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £106,000 | 04/03/2022 | Flat |
| [Same street] 32 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £115,000 | 17/09/2021 | Flat |

**Street average:** £108,000 (11 sales)
**Area average:** £136,475 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £101,656 (12 Flat, PE1, 2024–2026)
- **Deviation:** +28.9%

## Rental Range

*ONS Price Index of Private Rents (Peterborough). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £883/mo
- **Realistic:** £981/mo
- **Optimistic:** £1,079/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Peterborough (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £698/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, Rudd Close, PE1 | £1,100/mo | 2 | 0.06 miles | OpenRent |
| 2 Bed Flat, Park Road, PE1 | £950/mo | 2 | 0.68 miles | OpenRent |
| 2 Bed Flat, Cowgate, PE1 | £1,050/mo | 2 | 0.7 miles | OpenRent |
| 2 Bed Flat, Stagshaw Drive, PE2 | £800/mo | 2 | 0.75 miles | OpenRent |

**Average rent: £975/mo (4 listings)**

## 1% Rule

- **Rent ratio:** 0.76% (weak for cashflow)
- **Max investor price (0.8%):** £125,000
- **Target investor price (1%):** £100,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,000/mo).*

- **Gross yield:** 9.2%
- **Cost-to-rent:** 10.9×
- **Monthly cashflow:** £359/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 11.3%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -25.8%
- **10y growth:** -23.4%

## House Price Index (HM Land Registry)

*Official index for City of Peterborough; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -2.4%
- **5y growth (index):** 6%
- **10y growth (index):** 28.5%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)