Opportunity to purchase 4 units with freehold in Cambridge with the potential to generate £61,800 rent pa
£1,648,985
4-unit Portfolio
VES-CB4-007
INITIAL INVESTMENT
£509,665
Based on
deposit: £412,246
stamp duty: £91,919
mortgage fees: £1,500
conveyancing fees: £4,000
GROSS RENT
£61,800
GROSS YIELD
3.7%
The portfolio
TENURE
Freehold
NO OF UNITS
4
TENANCY STATUS
Vacant
FURNISHED
No
TOTAL SQ FT
2,648
PRICE SQ FT
£623
Portfolio information
- New-build property comprising 4 x 1-bed duplex units
- 1 x unit at 631 square feet
- 2 x units at 624 square feet
- 1 x unit at 769 square feet
- Works are estimated to complete in Q2 2022
- Each unit will comes with:
- fully tiled ground floor
- carpet throughout the first floor
- kitchen with integrated appliances
- downstairs WC
- 3-piece bathroom suite on the first floor
- combi gas boiler
- A furniture pack can be provided at extra cost, please enquire if interested
- The largest unit also has a private terrace on the first floor
- EPC ratings: tbc
- Council tax band: tbc
Rental information
- It is expected that the 3 smaller units will generate £1,250 rent pcm and the bigger unit £1,400 pcm
- Aggregate expected rental income pcm £5,150
- Aggregate expected rental income pa £61,800
- Aggregate expected gross yield 3.7%
Location information
- The properties are located in the Chesterton area of Cambridge
- Cambridge city centre is 1.6 miles from the property
- There is a bus stop just 1 minute from the property with regular services into the centre
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
Need more information?
REQUEST PORTFOLIO DETAILS
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their 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.
High Street,
Cambridge,
Cambridgeshire,
England,
CB4 1NG
What makes us different?
Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.
Benefits include:
- Buy tenanted property
- Huge choice for all budgets
- View property performance data
Important Note
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.
Authorised and regulated by the property ombusdman
Copyright © 2023 Vesta Global Limited. All rights reserved.