6 Bed HMO, Peterborough, PE1 2EU, £380,000

Cromwell Road, Peterborough, Cambridgeshire, PE1 2EU - 6 views - 6 months ago

HMO
ROI: 7%
~186 m²
+11 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£19,100

Total Cash In

£114,100

 

 

Cash Out

 

Room Rate

£533

Gross Rent

£3,198

Running Costs/mo

£2,540

Cashflow/mo

£658

Cashflow/yr

£7,898

ROI

7%

Gross Yield

10%













Property History

Listed for £380,000

July 3, 2024

Description

  • Prime Location: Situated near Peterborough's city centre, offering easy access to local amenities, universities, and shopping centres. +
  • High Rental Demand: Ideal for students and professionals due to its proximity to educational institutions and excellent transport links. +
  • Spacious Living: Features 6 large bedrooms, a shared kitchen, living area, and multiple bathrooms, providing ample space for tenants. +
  • Investment Potential: Opportunity for refurbishment to increase rental yields and property value, perfect for investors. +
  • Convenience: Close to Queensgate Shopping Centre (0.8 miles), Central Park (1 mile), and Peterborough Railway Station (1 mile), ensuring a comfortable and connected lifestyle. +

Presenting 116 Cromwell Road, a spacious 6-bedroom, all ensuite HMO ideally situated close to Peterborough's vibrant city centre. This property boasts significant potential for refurbishment, making it a lucrative investment opportunity for landlords and investors aiming to maximize rental yields.

Key Features:

6 Spacious Bedrooms: Each room offers a quality ensuite and ample space, ready for modern living standards.

Shared Facilities: Includes a communal kitchen, living area, and a bathroom, ensuring convenience for all tenants.

High Rental Demand: Its prime location ensures continuous demand, particularly appealing to students and professionals.

Prime Location:

Close to City Centre: Just a short walk from the heart of Peterborough, with access to a variety of amenities and excellent transport links.

Nearby Universities and Colleges: Proximity to Peterborough College (1.7 miles) and Anglia Ruskin University (1.5 miles) enhances its appeal to students.

Shopping and Entertainment: Queensgate Shopping Centre (0.8 miles) is nearby, providing diverse shopping, dining, and entertainment options.

Transport Links: Excellent connectivity with Peterborough Railway Station (1 mile), offering quick access to London and other major cities.

Local Amenities:

Educational Institutions: Anglia Ruskin University Peterborough (1.5 miles), Peterborough College (1.7 miles)

Shopping: Queensgate Shopping Centre (0.8 miles), Serpentine Green Shopping Centre (5.1 miles)

Healthcare: Close to local GP practices and Peterborough City Hospital (2.0 miles)

Parks and Recreation: Central Park (1 mile), Nene Park (5.5 miles) for outdoor activities

Transport: Easy access to Peterborough Railway Station (1 mile) and local bus services

Investment Potential:

This property is ripe for enhancement. With strategic refurbishment, it can be transformed into a modern, highly desirable living space, perfect for attracting students and young professionals.

Don't miss out on this prime investment. Contact us today to arrange a viewing or for more information.

Agent Details

Freedom Homes, Peterborough

01733 964657

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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