Duke Street, Peterborough, Cambridgeshire, PE2

This investment project produces £39,420 IN RENT, PER ANNUM.

Freedom Homes are proud to present for sale this turnkey HMO investment on Duke Street, Peterborough, PE2.

If you are struggling to find a ready-made, fully managed, passive income stream, then this is certainly the property for you! The property itself is managed by Freedom Homes Ltd, a HMO specialist management agency with over 500 units currently managed in Peterborough.

The property itself is located in Fletton and benefits from being close to many local amenities, but is far enough away from the hustle and bustle of the city centre for peace and quiet. Walking distance to the City Centre is only 1.5 miles and 1.4 miles to Peterborough train Station. The property is also only 2.3 miles to the new, up and coming University.

The current rental income being achieved is as below:


Room 1 - £595.00 PCM - Room 2 - £715.00 PCM - Room 3 - £705.00 PCM
Room 4 - £695.00 PCM - Room 5 - £575.00 PCM

Total gross income PCM = £3,285


The owner is happy to share with any interested parties a full schedule of work from the conversion stating the work that has been undertaken along with before, during and after photos.

A brief list of the work carried out is below:

* New unvented cylinder system with heat only boiler.

* New central heating and hot/cold pipework throughout.

* Full rewire, new consumer unit and new polished sockets/switches throughout.

* LED spotlights fitted in all bedrooms and kitchen, LED IP rated lighting in all bathrooms, LED PIR sensor, emergency, battery back-up lights in the communal hallway and landing for improved energy efficiency and lower maintenance costs.

* All walls and ceilings have had replacement plasterboard and been re-plastered throughout. All external walls have been insulated internally using insulated plasterboard for improved energy efficiency.

* New furniture and appliances.

Any questions, or to view similar units, please contact Freedom Homes.



Disclaimer:

*These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore, if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Please note that we have not tested all apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Photographs are reproduced general information and it must not be inferred that any item within the photographs are included for sale with the property*