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

£219,000

GROSS RENT

£35,640

GROSS YIELD

4.8%

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

Block information

  • This property consists of 5 x apartments:
    • 4 x 2-beds
    • 1 x 1-bed
  • Fully tenanted
  • EPCs for all units are available upon request
  • Aggregate rental income: £2,970 pcm; £35,640 pa
  • Aggregate gross rental yield: 4.8%

Flat 1

  • Ground floor flat
  • 2- bed
  • Approximately 901 square feet
  • EPC rating D
  • Rental income £650 pcm; £7,800 pa

Flat 2

  • First floor flat
  • 2- bed plus studio/loft room
  • Approximately 1,015 square feet
  • EPC rating D
  • Rental income £610 pcm; £7,320 pa

Flat 3

  • Ground floor flat
  • 2-bed
  • Approximately 805 square feet
  • EPC rating D
  • Rental income £510 pcm; £6,120 pa

Flat 4

  • First floor flat
  • 2-bed
  • Approximately 871 square feet
  • EPC rating E
  • Rental income £575 pcm; £6,900 pa

Flat 5

  • First floor flat
  • 1-bed
  • Open plan living/kitchen/dining room
  • Comes with a terrace
  • Approximately 506 square feet
  • EPC rating D
  • Rental income £625 pcm; £7,500 pa

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 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.

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