Agent
7 days ago
327 Views

2 x Freehold properties split into 7×1 bed flats

Area: Cambridgeshire
Buy to Let (Tenant in Situ)
£250,000
Bedrooms: 7
Bathrooms: 7
Market Status: OFF MARKET
Property Purchase Price: £250,000
Fair Market Value: £354,000
GDV (if applicable): 410,000
Price Negotiable?: YES
Gross Yield: 15%
Sourcing Fee (including VAT): £6,000
Renovation Costs: £60,000

2 Freehold properties in the same street, 1 containing 3 x 1 bed flats, and the other containing 4 x 1 bed flats. Split a long time ago into flats. 

Great rental demand area, and many large manufacturers located nearby. 

All tenanted. 

Probate sale.

High yield but do require some work to bring them back to standard e.g. fire regs, ventilation. 

Both have back yards which the basement flats use.

Option to also convert an outbuilding into another dwelling (lapsed planning). 

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