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Studio flat for sale
Manhattan Drive, Cambridge, Cambridgeshire, CB4
£150,000
Manhattan Drive, Cambridge, Cambridgeshire, CB4
£150,000
Our Summary
- Investment Potential:The apartment's location, with proximity to the city centre and local amenities, makes it an attractive option for both short-term and long-term tenants
- Agent Note:Council Tax Band: ALease Remaining: 141 YearsService Charge: £2,100 per annumGround Rent: £250 per annumManagement Company: Midsummer Maintenance, The Estate Office, Midsummer Meadows, Cambridge, CB4 1JTViewing:Given its quiet setting to the north of Cambridge city centre and its solid investment potential, we highly recommend scheduling a viewing to fully appreciate all this property has to offer
- Agents Note:This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
Description
This studio apartment at Mayflower House in Cambridge offers a great investment opportunity with a reliable income of £1,000 per month and a 6% yield. The property is located on the top floor with panoramic views of the surrounding landscape and is accessible by communal stairs or lift. The apartment has a well-planned layout with a separate kitchenette, bathroom, and a spacious living/bedroom area with a large window and built-in wardrobe. The bathroom is partially tiled with a shower over the bath and the property benefits from shared resident parking on-site. The location is ideal, just north of the River Cam and within easy reach of Cambridge's city centre, with local amenities, green spaces, and excellent transport links nearby. The property is available for sale by the Modern Method of Auction, with a Reservation Period of 56 days.