Soham, CB7 5HB | Investment Property for Sale | VES-CB7-100

Rare opportunity to buy a freehold block of 5 apartments in a prime residential area, Soham, Cambridgeshire

£750,000

5 Unit Block

VES-CB7-100

INITIAL INVESTMENT

£336,000

GROSS RENT / YIELD

£35,640 / 4.8%

NET RENT / YIELD

£27,374 / 3.6%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

5

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

4,098

PRICE SQ FT

£183

Unit Summary

  • 5 x apartments
  • 4 x 2-beds and 1 x 1-beds
  • Freehold block
  • Tenancy types: ASTs

Documents and financial breakdown 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.

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.

Financials

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Rental Income

GROSS RENT PER ANNUM

£35,640

Equivalent of £2,970 per calendar month (PCM).

GROSS RENTAL YIELD

4.8%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£27,374

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.6%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£8,266

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Soham, East Cambridgeshire

This is an opportunity to purchase a block of 5 flats in the town of Soham, which is situated in the east of Cambridgeshire.

Soham is located just off A142 between New Market and Ely, which leads off the A14 from Cambridge. These properties are just a short half an hour drive to the university city of Cambridge. Alternatively, for those looking to commute to Cambridge or further Ely station is just 20-minutes away via bus. From Ely station one can get regular services to locations such as King’s Lynn, Birmingham, Nottingham, Sheffield, Manchester and Liverpool.

Fortunately, this household is on the highstreets of this town and so one can benefit from the local restaurants, pubs and shops that it has to offer. There is also easy access to the local supermarkets and the local sports centre which includes gym services. This collection of flats is a perfect investment opportunity, as the tenants are already in place and this is a prime residential area for those that live in this town.

This property could be ideal for a young family seeking local schooling options for their children, St Andrew’s CofE Primary School & The Weatherfalls School are both under ten-minutes away and offer schooling from the ages of 3-11. For those looking for secondary school education Soham Village College is just around the corner from these properties and offers mixed-sex education up to 16.

High Street,

Soham,

Ely,

Cambridgeshire,

England,

CB7 5HB

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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.

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