6 bedroom house of multiple occupation for sale

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6 bedroom house of multiple occupation for sale

Victoria Street, Peterborough, Cambridgeshire, PE2
£435,000

Our Summary

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Description

This property is a high-quality, turnkey HMO located in Peterborough's sought-after Fletton area, offering stable long-term rental demand. The property has been meticulously renovated to cater to modern tenant expectations and maximize rental income potential. It features 4 studios, 2 ensuite rooms, and a communal kitchen/diner, with a monthly rental breakdown of £3,782. The property is fully managed by Freedom Homes Ltd, a specialist in HMO management. The property is close to key amenities, including Peterborough Train Station, Queensgate Shopping Centre, and several large employers. The renovation was completed in 2021 and includes a back-to-brick refurbishment, loft conversion, and full re-wire and re-plumb of all electrics and heating and sanitary pipework. The property has a gross yield of 10.44% and an expected net annual income of £31,205.85. With strong tenant demand, high yields, and capital growth potential, this property is an excellent investment opportunity.
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