Peterborough House at £121,500 — A Data-First Look
A house at St Michaels Gate, Parnwell, in Peterborough is listed at £121,500. The listing carries two signals: the asking price has been reduced from an earlier figure, and the sale is proceeding by auction. No bedroom count, tenure classification, or rental yield data is included in the available listing details. The combination of a price reduction and an auction route means the procedural timeline and legal pack are the first documents worth requesting. Buyers should weigh the auction's fixed deposit and completion requirements before making any commitment.
What the listing shows
The property is a house on St Michaels Gate, within the Parnwell district of Peterborough. Parnwell is a residential area to the north-east of the city centre, within the PE1 postcode boundary. The listing does not specify the number of bedrooms, the tenure (freehold or leasehold), or any associated service charges or ground rent obligations. These absences are material and would need to be confirmed via the auction legal pack before any bid is placed.
The price reduction signal indicates the asking price has moved down from a previous figure. In an auction context, the published figure typically represents a guide price rather than a reserve, meaning the final sale price is determined by competitive bidding on the day.
The numbers at a glance
| Metric | Detail |
|---|---|
| Asking price | £121,500 |
| Property type | House |
| Bedrooms | Not stated |
| Gross yield | Not calculable — no rental data available |
| Tenure | Not stated |
How this area compares
Parnwell sits within the PE1 postcode, which covers parts of central and eastern Peterborough. Peterborough is a city in Cambridgeshire with direct rail services to London King's Cross, a factor that supports both local employment demand and commuter-oriented tenant profiles. Parnwell itself is a predominantly residential district with limited commercial or retail infrastructure nearby.
No area-specific price or yield comparison data is available from the listing. Buyers intending to benchmark £121,500 against comparable sold prices in PE1 or neighbouring postcodes would need to conduct their own analysis using recent Land Registry records.
What to check before viewing
Because this is an auction sale, the legal pack takes precedence over a viewing. Request the pack before the auction date and review title documents, local authority searches, planning history, and any charges or restrictions registered against the title.
Tenure is unconfirmed. If the property is leasehold, establish the remaining lease length, annual ground rent, and service charge obligations before proceeding, as each affects both mortgage eligibility and long-term running costs.
Neither the bedroom count nor the floor area is stated in the available data. Both figures are necessary to assess rental demand, achievable rent, and suitability for a target tenant demographic. Obtain these from the legal pack or the auctioneer directly.
Auction lots in this price range in Peterborough can include properties sold following estate administration, repossession, or with deferred maintenance. An independent structural survey, commissioned prior to bidding, will identify remedial cost exposure that would not otherwise be visible from the listing alone.
Closing
At £121,500 for a house in Parnwell, the headline price is currently the only confirmed data point in the listing. The absence of bedroom count, tenure detail, and rental figures means that meaningful due diligence requires the auction legal pack as a starting point. No bid should be placed without reviewing that documentation and obtaining independent professional advice on condition and title.