1 bedroom flat for sale

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1 bedroom flat for sale

Speedwell Close, Cambridge CB1
£180,000

Our Summary

  • Potential for over 7% gross yield
  • Scope for improvement

Description

This top-floor one-bedroom apartment is located in a popular suburb near Addenbrookes Hospital, Cambridge city center, and public transport links, making it an ideal first-time buy or investment opportunity. The property offers a 7% gross annual yield once refurbished and benefits from a communal car park and lawned gardens. The interior features include a spacious living/dining room, a double bedroom, a kitchen with space for appliances, and a bathroom with a shower over the bath. The property is available with no onward chain and has a lease of 177 years remaining, with service charges of approximately £1525 per annum and ground rent of £110 per annum. With its convenient location and potential for rental income, this property presents a fantastic opportunity for investors or first-time buyers.