South Street, Peterborough

Fantastic project opportunity in a thriving Lincolnshire market town. Offered with no forward chain, this substantial early-1800s corner property includes a ground-floor commercial unit plus three one-bedroom flats across the upper floors — all requiring refurbishment and offering excellent potential. Separate utilities, rear parking for three cars with EV charger, and outbuildings suitable for possible conversion (STPP). A versatile investment with tremendous scope for redevelopment or mixed-use living.

Set in a thriving Lincolnshire market town and offered with no forward chain, this substantial early-1800s corner property presents an exceptional project opportunity for the right buyer. Brimming with character and versatility, it offers enormous potential for redevelopment, enhancement, and future income. The ground floor is currently home to a long-established and successful commercial print business, making it ideal for continued commercial use or for reimagining as part of a wider mixed-use scheme. A separate side entrance leads to a welcoming hallway and staircase rising to the upper floors. On the first floor are two one-bedroom flats, each requiring full refurbishment—an ideal blank canvas for creating contemporary, high-demand living accommodation. The second floor features a larger one-bedroom flat, also ready for renovation, perfect for further rental potential or personal use once modernised. Each flat—and the commercial space—benefits from individual power supplies and council tax arrangements, offering convenience, flexibility, and independence for future occupants. Outside, the gravelled courtyard provides parking for three vehicles and includes an electric charging point. A collection of outbuildings sits alongside, including a former print workshop and storage rooms, all offering exciting scope for conversion into a studio flat or additional ancillary accommodation (subject to planning consent).
With its prime position in a vibrant market town, generous footprint, and extensive scope for improvement, this property represents a rare chance to undertake a rewarding project with significant future potential. A compelling opportunity for investors, developers, or those seeking a character-filled building to transform. The three flats are all Council Tax Band A.

Commercial Premises Room One - 4.01 x 9.33 (13'1" x 30'7") -

Commercial Premises Room Two - 2.85 x 3.34 (9'4" x 10'11") -

Hallway - 0.97 x 1.50 (3'2" x 4'11") -

Wc -

Utility Room One - 1.67 x 2.38 (5'5" x 7'9") -

Office One - 2.00 x 2.09 (6'6" x 6'10") -

Entrance Hall - 0.97 x 2.35 (3'2" x 7'8") -

Hallway - 1.95 x 1.52 (6'4" x 4'11") -

Commercial Premises Room Three - 3.69 x 4.68 (12'1" x 15'4") -

Office Two - 2.78 x 2.08 (9'1" x 6'9") -

Utility Room Two - 1.53 x 1.05 (5'0" x 3'5") -

Wc - 1.56 x 0.94 (5'1" x 3'1") -

Commercial Premises Room Four - 5.24 x 3.49 (17'2" x 11'5") -

First Floor Landing - 1.98 x 1.75 (6'5" x 5'8") -

Hallway - 1.90 x 4.55 (6'2" x 14'11") -

Flat B Entrance Hall - 0.85 x 3.79 (2'9" x 12'5") -

Flat B Living Room - 4.80 x 4.98 (15'8" x 16'4") -

Flat B Kitchen - 3.13 x 2.86 (10'3" x 9'4") -

Flat B Bathroom - 2.92 x 1.52 (9'6" x 4'11") -

Flat B Bedroom - 3.89 x 3.15 (12'9" x 10'4") -

Flat C Entrance Hall - 0.67 x 2.97 (2'2" x 9'8") -

Flat C Living Room - 3.99 x 3.06 (13'1" x 10'0") -

Flat C Kitchen - 2.57 x 1.80 (8'5" x 5'10") -

Flat C Bathroom - 1.58 x 1.13 (5'2" x 3'8") -

Flat C Bedroom - 2.75 x 2.05 (9'0" x 6'8") -

Second Floor Landing - 3.43 x 0.86 (11'3" x 2'9") -

Flat D Entrance Hall - 1.48 x 1.22 (4'10" x 4'0") -

Flat D Living Room - 3.74 x 4.91 (12'3" x 16'1") -

Flat D Kitchen - 3.88 x 1.65 (12'8" x 5'4") -

Flat D Hallway - 0.92 x 2.04 (3'0" x 6'8") -

Flat D Bedroom - 3.62 x 3.27 (11'10" x 10'8") -

Flat D Bathroom - 2.60 x 1.55 (8'6" x 5'1") -

Workshop - 3.40 x 5.57 (11'1" x 18'3") -

Entrance Hall - 0.82 x 2.35 (2'8" x 7'8") -

Storage Room One - 3.42 x 2.32 (11'2" x 7'7") -

Storage Room Two - 3.38 x 6.97 (11'1" x 22'10") -

Storage Room Three - 3.43 x 2.44 (11'3" x 8'0") -

Epc - Various - Commercial - D - 88
9b - F 21/64
9c - E 51/75
9d - E 52/77

Tenure - Freehold -

Important Legal Information - Construction: Standard
Accessibility / Adaptations: None
Building safety: No
Known planning considerations: None
Flooded in the last 5 years: No
Sources of flooding: n/a
Flood defences: No
Coastal erosion: No
On a coalfield: No
Impacted by the effect of other mining activity: No
Conservation area: No
Lease restrictions: No
Listed building: No
Permitted development: No
Holiday home rental: No
Restrictive covenant: No
Business from property NOT allowed: No
Property subletting: No
Tree preservation order: No
Other: No
Right of way public: No
Right of way private: No
Registered easements: No
Shared driveway: No
Third party loft access: No
Third party drain access: No
Other: No
Parking: Driveway Private, Ev Charging Private
Solar Panels: No
Water: Mains
Electricity: Mains Supply
Sewerage: Mains
Heating: Electric Mains
Internet connection: Fixed Wireless
Internet Speed: TBC
Mobile Coverage: TBC

Disclaimer: If you are considering purchasing this property as a Buy-to-Let investment, please be advised that certain areas may be subject to Selective Licensing schemes. Prospective purchasers are strongly advised to carry out their own due diligence to ensure compliance with any applicable licensing requirements, including any associated fees or obligations.

All information is provided without warranty.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.