High Street, Peterborough, Cambridgeshire
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
6
- BATHROOMS
6
- SIZE
Ask agent
- 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 Rental Income: Generates over £47,000 annually from six luxurious en-suite studios, providing a robust investment return.
- Premium Accommodation: Each studio is designed to high standards with modern fixtures, ensuring a stylish and comfortable living environment.
- Expert Management: Managed by Freedom Homes, specialists in Peterborough HMOs, ensuring smooth operations and tenant satisfaction.
- Prime Location: Situated on High Street, Peterborough, with excellent access to local amenities and transport links, making it an attractive option for tenants.
- Strong Tenant Demand: Located in a thriving area with high demand from young professionals, key workers, and students seeking quality housing.
- Excellent Transport Links: Close to Peterborough railway station, providing direct services to London Kings Cross and other major cities, along with easy access to major roads like the A1(M).
- Economic Growth and Employment: Supported by major employers such as Amazon, Perkins Engines, and Peterborough City Hospital, driving steady demand for rental properties.
- Substantial Net Income and Yield: Offers a net annual income of £33,224.04 and a gross yield of 10.99%, reflecting its potential as a valuable investment in a high-demand area.
Description
Introducing 68 High Street, Peterborough – a newly converted, studio-style HMO meticulously developed by a renowned local developer known for specialising in high-end HMOs. Managed by Freedom Homes, the Peterborough HMO specialists, this property offers six luxurious en-suite bedrooms, generating in excess of £47,000 annually.
Each studio within this property is designed with high-quality finishes, featuring modern fixtures and fittings that enhance both aesthetics and functionality. The communal areas, including a spacious, contemporary kitchen, are designed to encourage social interaction while providing a comfortable living environment. The interiors boast a stylish blend of vibrant and neutral tones, with accents of rich blues and warm wood finishes, as seen in the attached images.
The floor plan reveals well-thought-out spaces, ensuring each tenant enjoys privacy and comfort. Large windows allow ample natural light to fill the rooms, creating bright and inviting living spaces. The communal kitchen is equipped with state-of-the-art appliances, including a large range cooker, ensuring a premium living experience for all residents.
Situated in a prime location on High Street, this property benefits from excellent local amenities and transport links, making it an attractive option for tenants. With its combination of high-quality accommodation and expert management, 68 High Street represents a robust investment opportunity in the thriving Peterborough rental market.
Income Breakdown (Monthly):
Room 1: £695.00
Room 2: £695.00
Room 3: £695.00
Room 4: £665.00
Room 5: £550.00
Room 6: £685.00
Total Monthly Income: £3,985.00
Annual Income: £47,820.00
Expenditure Breakdown (Monthly):
Gas: £250.00
Electric: £250.00
Water: £50.00
Council Tax: £138.00
TV License: £14.13
Broadband: £36.00
Cleaner: £0.00 (not listed)
Management: £478.20
Total Monthly Expenditure: £1,216.33
Annual Expenditure: £14,595.96
Net Annual Income: £33,224.04 (calculated as Total Income - Total Expenditure)
Gross Yield: 10.99% (calculated as Annual Income / Purchase Price)
Net Yield: 7.64% (calculated as Net Annual Income / Purchase Price)
Commentary:
The room rates and expenditure figures are based on current data. The property's financial performance indicates a solid gross yield of 10.99% and a net yield of 7.64%, 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
High Street, Peterborough, Cambridgeshire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Peterborough Station1.3 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
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference XFG-42764868. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by HMO Sales Expert, Bournemouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.