5 bedroom block of apartments for sale

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5 bedroom block of apartments for sale

Wisbech Road, March, Cambridgeshire, PE15
£250,000

Our Summary

  • Ideal Investment Opportunity Generating Strong Rental Returns

Description

This 5-bedroom semi-detached property in Wisbech, Cambridgeshire, has been converted into 5 individual bedsits/studios, each with its own kitchenette and bathroom. The property has undergone refurbishments to bring it up to a modern standard, with some apartments having been recently renovated. The property is being sold as an investment opportunity, with a current rental income of £2,580 per month, generating a gross yield of 12.4%. The asking price is £250,000, with no service charge, ground rent, or letting agency fees. The property is freehold, with a total floor area of 1,754 square feet, and offers off-road parking and a rear garden space. The property is currently managed by a letting agent and has all necessary certifications, including fuse boxes, electrical certificates, and building regulations compliance.