- Lucrative residential investment for sale
- Freehold purchase with no upward chain
- 7 x self contained studio flats
- 1 x two bedroom bungalow with garden
- Rental yield of approximately 14% per annum
- City Centre and train station just over 1 mile away
- Extended property
- Former guest house
- On street parking
Investors, are you looking for a 'CASH COW'?
We are delighted to offer for sale this established freehold HMO residence which was a former guest house. The detached property has been extended and consists of seven self contained studio flats and a spacious two bedroom bungalow with garden. We are advised all flats and the bungalow are currently occupied and generating a combined annual income of £45,760. (gross rental yield of approximately 14% per annum)
On the ground floor is two self contained units (Flat 1 and Flat 2). These are studio flats with a small kitchen area and a shower room.
On the first floor is three self contained units (Flat 3, Flat 4 & Flat 5). Flats 3 & 4 are studio flats fitted with a kitchen area and shower rooms. Flat 5 is a studio with a shower room only.
On the second floor is two self contained units (Flat 6 & Flat 7). Flat 6 is a studio with shower room only. Flat 7 is a studio with kitchen area and shower room.
To the rear of the building is a self contained two bedroom bungalow with an internal floor space of approximate 900 sq. feet. There is two double bedrooms, a lounge, a kitchen with feature wood burner, shower room, a lean to and a conservatory. The bungalow is complete with an enclosed garden.
For approximate room measurements and 3D images of the flats/bungalow, please have a flick through the photos. (measurements/images of Flat 1, Flat 2 and Flat 3 to be confirmed)
Mains water, electricity and drainage are all connected.
This property is located in Fletton and is approximately a 20 minute walk from the city centre and train station. The train station provides high speed rail to London Kings Cross within 45 minutes. Fletton is home to a variety of food and retail stores as well as a Doctors Surgery and Post Office. More famously it is known as the home of Peterborough FC. Peterborough is a vibrant city and has lots of great bars and restaurants to visit. Queensgate shopping centre is Peterborough's main centre with over 90 stores to satisfy your shopping needs. Fletton is currently undergoing a multi million pound regeneration project which will further enhance the area as well as encourage even more people to move to Peterborough and in particular the Fletton area.