No longer on the market
This property is no longer on the market
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Floorplan
Map
Area stats11 bedroom terraced house
Terraced house
11 beds
3 baths
2378
EPC rating: C
Key information
Features and description
- Attractive Victorian Villa
- Spacious accommodation extending to approximately 2428sqft
- Fully compliant HMO
- Providing an excellent investment yield of 7%
- Current rents being acheived of £65,280 PA
- Excellent capital appreciation potential
- Scope to update and improve the property further
- Superb location close to Cambridge City Centre
- Well located, within walking distance of Anglia Ruskin University
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ACCOMMODATION The Property
An attractive Victorian mid terrace Villa, providing a superb investment opportunity, currently in the form of a fully compliant HMO, with 11 individual room lets. The property has been run by the same landlord as a successful HMO for more than 15 years. The property is ideally located on Elizabeth Way, just a short walk to the historic Cambridge City Centre and the River Cam. The property currently provides an excellent 7% gross yield, with currents rents being achieved of ££65,280, with the potential to improve on this. EPC RATING: BAND C.
The Setting
Elizabeth Way, is a road connecting the Ward of Chesterton and the main Cambridge City Centre. Elizabeth Way incorporates the now famous Elizabeth Way bridge, providing a key road link into the historic city centre, over the River Cam. There is a local off-license within a short-walk, as well as a Tesco Hypermarket and further retail park on the nearby Newmarket Road.
The Accommodation
The property provides spacious accommodation of three floor extending to approximately 2428sqft. the accommodation in brief
comprises of 11 bedrooms, 5 on the ground floor along with a communal shower room, 5 on the first floor, again with a communal WC and shower room, and a further room and shower room on the second floor. There is a communal living and kitchen area centrally on the ground floor and outside, to the rear, the property benefits from a communal paved courtyard area with bike racks.
An attractive Victorian mid terrace Villa, providing a superb investment opportunity, currently in the form of a fully compliant HMO, with 11 individual room lets. The property has been run by the same landlord as a successful HMO for more than 15 years. The property is ideally located on Elizabeth Way, just a short walk to the historic Cambridge City Centre and the River Cam. The property currently provides an excellent 7% gross yield, with currents rents being achieved of ££65,280, with the potential to improve on this. EPC RATING: BAND C.
The Setting
Elizabeth Way, is a road connecting the Ward of Chesterton and the main Cambridge City Centre. Elizabeth Way incorporates the now famous Elizabeth Way bridge, providing a key road link into the historic city centre, over the River Cam. There is a local off-license within a short-walk, as well as a Tesco Hypermarket and further retail park on the nearby Newmarket Road.
The Accommodation
The property provides spacious accommodation of three floor extending to approximately 2428sqft. the accommodation in brief
comprises of 11 bedrooms, 5 on the ground floor along with a communal shower room, 5 on the first floor, again with a communal WC and shower room, and a further room and shower room on the second floor. There is a communal living and kitchen area centrally on the ground floor and outside, to the rear, the property benefits from a communal paved courtyard area with bike racks.
Property information from this agent
Area statistics
Crime score
Moderate crime
4/10
About this agent
Local knowledge and long standing professional experience come together at Arkwright & Co, Saffron Walden based property agents committed to providing a personal and professional service tailored to meet clients requirements. Arkwright & Co specialises in sales, lettings and management of residential properties, as well as providing commercial property services in association with our London office.