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Outside, front of house
Kitchen
Kitchen
Reception room
Reception room
Bedroom
Bathroom
EPC
1 of 8

Opportunity to buy an income generating apartment in the university city of Cambridge

£290,000
Apartment
VES-CB2-045

Features


USE
Residential

TENURE
Leasehold

PRICE
£290,000

RENT PER ANNUM
£12,900

GROSS YIELD
4.4%

1 bedroom

1 bathroom

1 reception room

521

Unfurnished

Tenanted

Leasehold Details

  • Length of Lease: 125 years
  • Service Charge: TBC
  • Ground Rent: TBC

Tenancy


RENT PER ANNUM
£12,900

TENANCY DEPOSIT
£1,488

TENANCY TYPE
AST

TENANCY AGREEMENT STARTED
4 months ago

TENANCY AGREEMENT ENDS
8/1/2019

Floorplans

Floorplan

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.


About Cambridge

Cambridge is a popular and thriving area, with a wealth of history. Located in the south of the county of Cambridgeshire, it has excellent road and rail connectivity throughout the region, with journey times to London taking around 2 hours by road and around 50 minutes by train.

The population of Cambridge is in the region of 122,700, which is a rise of just over 14% in the last 10 years. Cambridge is also one of the largest educational centres in the UK, with over 30,000 students attending its 2 universities.

Cambridge had the second highest employment rate in the UK in 2014. It has seen a 12,400 increase in the number of jobs between 2004-13, just above national average. Nearly half of them were created in the private sector and around a third of positions were knowledge-intensive.

The wider Cambridgeshire region follows the same trend. This is a combination of excellent connectivity and companies locating to the area to get the pick of the student graduates.

The cost of residential property in Cambridge has risen by some 7.2% in the last 12 months and by a little over 34% in the last 5 years according to Zoopla. That means Cambridge property investment is ideal for you if you're looking for a popular and thriving area.

Cambridge has plenty of innovative projects underway for improvements to the area such as a £600,000 renovation of the central library and new schools in Trumpington. A major Wi-Fi network has recently been launched in Cambridge city centre, with over 100 local open spaces and public buildings being transformed into free Wi-Fi hotspots.

Ellis Road,

Cambridge,

Cambridgeshire,

England,

CB2 9BG


Performance

GROSS RENTAL YIELD
4.4%
RENT PER ANNUM
£12,900
HPI GROWTH (5 YRS)
30.3%

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