Monument Street, Peterborough, Cambridgeshire, PE1
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
6
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- £4015pcm Expected Gross Rental Income
- Incredibly Central Location
- High Rental Demand
- Refurbished Article 4 HMO
- 6 Bed HMO
Description
Property Address: 38 Monument Street, Peterborough, Cambridgeshire, PE1 4AG
Sales Price: £440,000
Expected Gross Annual Income: £48,180
Gross Yield: 10.95%
Property Overview
Presenting a high-quality, turnkey HMO situated in the sought-after Peterborough City Centre area, an Article 4 location, ensuring stable long-term rental demand. This property has been meticulously renovated to cater to modern tenant expectations and maximise rental income potential.
Configuration: 4 studios, 2 ensuite rooms and a communal kitchen/diner.
Monthly Rental Breakdown:
Room 1: £700
Room 2: £725
Room 3: £695
Room 4: £725
Room 5: £595
Room 6: £595
Expected Total Monthly Rental: £4,015
Property Management: Fully managed by Freedom Homes Ltd, specialists in HMO management with a portfolio exceeding 900 units.
Investment Highlights
Article 4 Location: Benefits from restrictive planning permissions, ensuring limited competition and stable tenant demand .
Close to Key Amenities:
1 mile to Peterborough Train Station - Approximately 20-minute walk
0.9 miles to Peterborough University - Approximately 16-minute walk
0.9 miles to Queensgate Shopping Centre - Approximately 12-minute walk
0.8 miles to Peterborough Bus Station - Approximately 17-minute walk
Renovation Details:
Back to brick refurbishment/conversion carried out by experienced developer in the area. A brief description of the work undertaken includes a single storey side and rear extension, full re-wire of all electrics, full re-plumb of all heating and sanitary pipework including new unvented cylinder system with new boiler, replacement plasterboard throughout and full re-plaster, new woodwork and ironmongery throughout, bespoke locally manufactured kitchen/kitchenettes, new flooring, underlay and grippers throughout, bespoke locally manufactured wardrobes with built in drawers, desks and bedside tables, new beds and mattresses, new blinds, new appliances and fully re-decorated throughout.
Transport Links: Well-connected to London, approximately 45 minutes to Kings Cross Station via direct line. Easy access to Frank Perkins Parkway and A1 Motorway.
Financial Performance
Annual Expenditure (Estimated):
- Gas, Electricity, Water = £4,800
- WIFI = £480
- Council Tax = Band B, £1,619.84
- Cleaning = £600
- Gardening = £480
- Management = £6,937.92 (12% + VAT commission)
Net Annual Income: £33,262.24
ROI Analysis:
25% Deposit Investment: 26.61%
Cash Purchase: 7.31%
Market Insight
Peterborough is a thriving city with strong tenant demand driven by its excellent transport links, growing economy, affordable living, and the recent launch of ARU Peterborough, attracting a diverse mix of professionals, students, and families.
Why HMOs in Peterborough?
Strong Tenant Demand: Popular with professionals, students, and key workers.
High Yields: HMOs consistently outperform standard buy-to-lets in rental income.
Capital Growth Potential: Robust local economy with promising development projects.
Viewing and Further Information
This property is exclusively listed with Freedom Homes Ltd. Contact our team today to discuss this incredible investment opportunity or to arrange a viewing.
- 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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Monument Street, Peterborough, Cambridgeshire, PE1
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Visit our security centre to find out moreDisclaimer - Property reference MonumentStSale. 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 Freedom Homes, Peterborough. 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.
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