Oundle Road, Peterborough, Cambridgeshire
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
6
- SIZE
124 sq ft
12 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- High Yield Investment: Generates a robust annual income of £46,200 with a gross yield of 11%, ensuring strong financial returns.
- Prime Location: Situated in a highly sought-after Article 4 area in Peterborough, enhancing its investment appeal and demand.
- Comprehensive Refurbishment: Underwent a complete back-to-brick refurbishment in 2021 by a reputed developer, ensuring modern standards and low maintenance costs.
- Diverse Living Spaces: Configured as a spacious HMO with six rental units, including five full studios and one en-suite room, offering appealing living arrangements.
- Fully Licensed HMO: Complies with all HMO regulations, providing assurance of quality and adherence to stringent standards.
- Professional Management: Managed by Freedom Homes, known specialists in HMO management, ensuring high occupancy levels and smooth transition for new ownership.
- Excellent Transport Links: Offers easy access to local and national rail services, enhancing its appeal to commuters.
- Growing City: Located in Peterborough, a city attracting significant investment and development, promising potential for capital appreciation and long-term growth.
Description
278 Oundle Road in Peterborough presents a substantial investment opportunity, positioned within a highly sought-after Article 4 area. This property is uniquely configured as a spacious HMO with six rental units, including five full studios and one en-suite room, which enjoys exclusive use of a shared kitchen. A comprehensive back-to-brick refurbishment was completed in 2021 by a reputed local developer, ensuring both modern standards and low maintenance costs.
The property is fully licensed and complies with all HMO regulations, which is a significant assurance for potential investors considering the stringent standards required within Article 4 designated areas. It has maintained high occupancy levels thanks to its appealing living spaces and the professional management by Freedom Homes, known specialists in HMO management within the region. This management continuity can be expected to ease any transition for new ownership.
Financially, the property generates a robust annual income of £46,200, translating into a gross yield of 11%, which is competitively positioned within the market. The guide price for this HMO is set at £420,000, reflecting both the quality of the accommodation and its income-generating potential.
Income Breakdown (Monthly):
Room 1: £695.00
Room 2: £595.00
Room 3: £695.00
Room 4: £695.00
Room 5: £575.00
Room 6: £595.00
Total Monthly Income: £3,850.00
Annual Income: £46,200.00
Expenditure Breakdown (Monthly):
Gas: £132.63
Electric: £120.21
Water: £77.30
Council Tax: £115.66
TV License: £12.00
Broadband: £38.50
Cleaner: £25.00
Management: £646.80
Total Monthly Expenditure: £1,167.10
Annual Expenditure: £14,005.20
Net Annual Income: £32,194.80 (calculated as Total Income - Total Expenditure)
Gross Yield: 11.00% (calculated as Annual Income / Purchase Price)
Commentary:
The room rates and expenditure figures are based on current data. Investors will need to consider their own cost of lending and management structure. The property's financial performance indicates a strong gross yield of 11.00%, reflecting its potential as a valuable investment. This financial summary does not account for potential vacancy periods or additional management costs not listed, which could impact net income and yield calculations.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Oundle Road, Peterborough, Cambridgeshire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Peterborough Station0.9 miles
About the agent
HMO Sales Expert, Bournemouth
Bourne House, 23 Hinton Road, Bournemouth, BH1 2EF
The HMO Sales Expert is setting a new standard in the multi-unit property market by ensuring that all properties listed are valuation verified by one of the most experienced valuers in the UK. This launch not only marks an era of high compliance and accuracy in sales but promises off-market deals with no buyer fees—a complete game changer for investors and property professionals alike. All sales are exclusive to The HMO Sales Expert, guaranteeing unique access to properties that cannot be fou
Notes
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