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Manor House Street, Peterborough 5 bed house for sale
Manor House Street, Peterborough PE1
£230,000
Manor House Street, Peterborough PE1
£230,000
Our Summary
- Sold as a going concern, this HMO provides instant income and long-term investment potential
Description
This five-bedroom terraced HMO in Peterborough offers a lucrative investment opportunity, generating a gross annual income of £26,760 with a purchase price of £230,000, resulting in an attractive approximate gross yield of 11.6%. The property, located in a popular area, features a spacious communal lounge, kitchen, and five double bedrooms, including one with an en-suite shower room. The property is fully tenanted on standard periodic tenancy agreements, producing a reliable rental income. With its proximity to the city centre, local shops, and transport links, the property is highly sought after by professional tenants, ensuring ongoing demand and reliable rental income. The property is in Council Tax Band B and has an Energy Performance Certificate rating of D, making it a compelling investment opportunity for landlords seeking immediate rental returns.