Sold STC Flat

188 HAMMONDS DRIVE

PETERBOROUGH, FENGATE, CITY OF PETERBOROUGH PE1 5AX

2 beds 1 baths 74 m² Listed 10 Jan 2025 (-519d)

£140,000

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# 2 bedroom apartment for sale (PE1 5AX)

## Property Details

| Key | Value |
|-----|-------|
| Address | 188 HAMMONDS DRIVE, PETERBOROUGH, FENGATE, CITY OF PETERBOROUGH PE1 5AX |
| Price | £140,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | B |
| Last sold | £130,000 Sep 2025 |

## Description

*** FANTASTIC FIRST TIME BUY OR INVESTMENT OPPORTUNITY *** '' Located closely to the city centre and within walking distance to the new and upcoming university, this two bedroom apartment is an ideal investment or first time buy. It is located on the 2nd floor and features private parking behind an electric gate alongside a communal garden. The flat itself features 2 bedrooms, an open plan kitchen/living space with a Juliette balcony, a bathroom and an entrance hallway with 2 storage cupboards. Viewings are highly recommended. EPC Energy Rating - B/ Council Tax Band - B''.

## Property Photos

- ![Photo](/listings/photos/156707663/537701)
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- ![Photo](/listings/photos/156707663/537705)
- ![Photo](/listings/photos/156707663/537707)
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- ![Photo](/listings/photos/156707663/537730)
- ![Photo](/listings/photos/156707663/537731)
- ![Photo](/listings/photos/156707663/537732)

## Floorplans

- ![Floorplan 1](/listings/photos/156707663/537733) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/156707663/537734) - EPC 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 188 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £130,000 | 26/09/2025 | 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 |
|---------|-------|------|------|
| 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 |
| [Same street] 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 |
| 9 RUDD CLOSE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5BE | £145,000 | 12/06/2023 | Flat |
| 70 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £130,000 | 12/06/2023 | Flat |
| [Same street] 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 |
| 72 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £86,000 | 03/03/2023 | Flat |
| 66 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £122,000 | 13/12/2022 | Flat |
| [Same street] 220 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £146,000 | 31/10/2022 | Flat |
| 132 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £120,000 | 01/08/2022 | Flat |
| 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 |
| 130 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £124,500 | 30/06/2022 | Flat |
| [Same street] 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 |
| 56 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £60,750 | 10/05/2022 | Flat |
| 36 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA | £130,000 | 29/04/2022 | Flat |
| 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 |
| [Same street] 236 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £106,000 | 04/03/2022 | Flat |
| [Same street] 288 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £137,000 | 28/01/2022 | Flat |
| [Same street] 240 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £142,000 | 30/11/2021 | Flat |
| [Same street] 228 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £110,000 | 22/10/2021 | Flat |
| [Same street] 282 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £140,000 | 29/09/2021 | Flat |
| [Same street] 200 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX | £112,500 | 19/07/2021 | Flat |

**Street average:** £128,550 (10 sales)
**Area average:** £124,650 (20 sales)

## Price vs local average

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

- **Local average:** £96,625 (11 Flat, PE1, 2024–2026)
- **Deviation:** +44.9%

## Rental Range

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

- **Low:** £880/mo
- **Realistic:** £978/mo
- **Optimistic:** £1,076/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 Flat, Buckle Street, PE1 | £875/mo | 2 | 0.51 miles | OpenRent |

**Average rent: £875/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.63% (weak for cashflow)
- **Max investor price (0.8%):** £109,375
- **Target investor price (1%):** £87,500

*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 £875/mo).*

- **Gross yield:** 7.5%
- **Cost-to-rent:** 13.3×
- **Monthly cashflow:** £211/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 6.2%

*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:** -21.4%
- **10y growth:** -25.5%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** 0%
- **5y growth (index):** 9.3%
- **10y growth (index):** 31.9%

## 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)

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Property details

Tenure

LEASEHOLD

Floor area

74 m²

Council tax band

Last sold

£130,000 Sep 2025

Local average

£96,625 (+44.9%)

Street crime

595 incidents within 1 mile (Apr 2026)

Key features

NO ONWARD CHAIN
2 BEDROOM APARTMENT
2ND FLOOR
CLOSE TO CITY CENTRE
GATED ALLOCATED PARKING
PRIVATE COMMUNAL GARDEN AREA
TENANT CURRENTLY PAYING 950 pcm
EPC RATING B/COUNCIL TAX BAND - B

Additional details

Parking: Yes
Listed property: No
Restrictions: No
Required access: No
Rights of way: No
Flooded in last 5 years: No
Flood defences: No

Description

* FANTASTIC FIRST TIME BUY OR INVESTMENT OPPORTUNITY * '' Located closely to the city centre and within walking distance to the new and upcoming university, this two bedroom apartment is an ideal investment or first time buy. It is located on the 2nd floor and features private parking behind an electric gate alongside a communal garden. The flat itself features 2 bedrooms, an open plan kitchen/living space with a Juliette balcony, a bathroom and an entrance hallway with 2 storage cupboards. Viewings are highly recommended. EPC Energy Rating - B/ Council Tax Band - B''.

Listed by

Peterborough

Rosedale Property Agents

Reference: 156707663

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

EPC Graphs

EPC 1

Price history

Event	Date	Price	% change
Sold	26/09/2025 (8 months ago)	£130,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
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
Same street 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
9 RUDD CLOSE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5BE	£145,000	12/06/2023	Flat
70 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA	£130,000	12/06/2023	Flat
Same street 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
72 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA	£86,000	03/03/2023	Flat
66 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA	£122,000	13/12/2022	Flat
Same street 220 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX	£146,000	31/10/2022	Flat
132 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA	£120,000	01/08/2022	Flat
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
130 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA	£124,500	30/06/2022	Flat
Same street 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
56 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA	£60,750	10/05/2022	Flat
36 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AA	£130,000	29/04/2022	Flat
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
Same street 236 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX	£106,000	04/03/2022	Flat
Same street 288 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX	£137,000	28/01/2022	Flat
Same street 240 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX	£142,000	30/11/2021	Flat
Same street 228 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX	£110,000	22/10/2021	Flat
Same street 282 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX	£140,000	29/09/2021	Flat
Same street 200 HAMMONDS DRIVE, FENGATE, PETERBOROUGH, CITY OF PETERBOROUGH, PE1 5AX	£112,500	19/07/2021	Flat

Street average: £128,550 (10 sales)

Area average: £124,650 (20 sales)

Capital growth trend

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

5y growth -21.4%

10y growth -25.5%

House Price Index (HM Land Registry — official index, not sold-price averages): City of Peterborough. Series: Flats and maisonettes. As of March 2026.

1y (index) 0%

5y (index) 9.3%

10y (index) 31.9%

Rental Range

Estimated market rent for Peterborough. Low = conservative, Realistic = average, Optimistic = best case.

Low £880/mo

Realistic £978/mo

Optimistic £1,076/mo

Based on Local Authority from postcode lookup → Peterborough.

LHA (30th percentile) floor for Peterborough: £698/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View PE1 5AX

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Crown Decorating Centre	0.2 miles
Shop	Howdens Joinery	0.2 miles
Bus stop	Unknown	0.3 miles
University	ARU Peterborough	0.3 miles
Bus stop	Adjacent Regional Pool Stop K	0.3 miles
University	City College Peterborough	0.6 miles
Train station	Peterborough (NVR)	0.8 miles
Train station	Peterborough	0.9 miles
Hospital	Peterborough City Hospital	2.3 miles

Street-level crime

Category	Count
Violence and sexual offences	193
Anti-social behaviour	103
Shoplifting	78
Public order	47
Criminal damage and arson	38
Burglary	25
Other theft	24
Drugs	21
Vehicle crime	18
Other crime	15
Bicycle theft	12
Possession of weapons	12
Robbery	5
Theft from the person	4
Total incidents	595

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Bishop Creighton Academy	Primary	0.3 miles	Good — 26 Nov 2023
Clare Lodge	Other	0.5 miles	— (No rating)
Stanground St Johns CofE Primary School	Primary	0.6 miles	Good — 10 Jul 2018
NeneGate	Other	0.8 miles	Good — 22 Nov 2017
Lime Academy Abbotsmede	Primary	0.8 miles	Good — 28 Apr 2022

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 Flat, Buckle Street, PE1	£875/mo	2	0.51 miles	OpenRent

Average rent: £875/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.63%

Max investor price (0.8%) £109,375

Target investor price (1%) £87,500

Gross yield 7.5%

Cost-to-rent ratio 13.3×

Monthly cashflow £211/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 6.2%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus 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).