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7 bed end of terrace house
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Price History
Our Summary
- Potential for rental growth and further optimisation
- An outstanding investment opportunity situated within a short walk of Cambridge's historic city centre
- This offers an attractive return in a prime Cambridge location, with further potential to enhance rental income subject to a purchaser's management approach
- There may also be scope for future optimisation or development, subject to the necessary consents
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Description
The property is a 7-bedroom HMO located on Elizabeth Way, near Cambridge city centre, which generates approximately £56,500 per year. It features 7 bedrooms, 5 bathrooms, with 4 bathrooms having en-suite facilities, and a communal kitchen and living area. The accommodation is arranged over multiple floors and is fully let with tenants in situ, offering immediate income.
The property benefits from a short walk to the city centre and is close to local amenities, including shops and a Tesco superstore, making it an attractive investment opportunity with a gross yield of circa 7.1%.