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23 Wisbech Road

March , United Kingdom

£300,000.00

Investment Type: HMO AND CO-LIVING

Est. Completion: AVAILABLE

  • Ideal Investment Opportunity Generating Strong Rental Returns
  • Gross Yield Of 10.3% & Net Yield Of 9.3%
  • 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: £300,000
- Current rental income: £2,580.00 (annual income £30,960.00)
- Gross yield: 10.3%
- Service charge: £0
- Ground rent: £0
- Letting agency fee: 10% - £258pcm (annual cost £3,096.00)
- Net return: £27,864.00
- Net yield: 9.3%
- 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.

23 Wisbech Road - Key Points

Location

Location

March , United Kingdom

Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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