5 Bed Semi-Detached House, Motivated Seller, March, PE15 8ED £250,000

• Ideal Investment Opportunity Generating Strong Rental Returns +
• Gross Yield Of 12.4% & Net Yield Of 11.1% +
• Letting Agent In Place Who Can Continue Management +
• Studios Finished To a Good Standard Throughout +
• Annual Income Just Short Of £31,000.00 +
• Freehold Property +

Pure Investor brings to the market this 5-bedroom semi-detached property in Wisbech, March, Cambridgeshire. The property consists of 5 individual bedsits/studios with each having its own facilities such as a kitchenette and bathroom. A number of the studios have undergone refurbishment to bring them up to a good modern standard. The pictures provided below show a recent refurbishment of an apartment and the other apartments are completed in a similar style and condition.

INVESTMENT INFORMATION
- Asking price: £250,000.00
- Current rental income: £2,580.00 (annual income £30,960.00)
- Gross yield: 12.4%
- Service charge: £0
- Ground rent: £0
- Letting agency fee: 10% - £258pcm (annual cost £3,096.00)
- Net return: £27,864.00
- Net yield: 11.1%
- Tenure: Freehold
- Current letting agent in place
- 1,754 sqft

ADDITIONAL INFORMATION
- All flats are independently rated and registered with Fenland District Council.
- All flats have their fuse box.
- All flats have their electrical certificate.
- All building regs followed and up to date.
- Parking off-road in front of Flat A and on the side street.
- Rear garden space.