Chariot Way, Orchard Park, Cambridgeshire
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- 7.5% gross yield – substantially outperforming the national buy-to-let average
- Immediate income, zero void period – tenants already in situ from day one of ownership
- 105 years remaining on lease – strong mortgageability and long-term security
- Low, predictable running costs – ground rent of just £90pa and modest service charge
- High-demand location – driven by Cambridge's university, science parks, and chronic housing undersupply
- Excellent connectivity – direct rail access to London King's Cross widens the tenant pool to commuters
Description
An outstanding buy-to-let investment opportunity in one of Cambridge's most sought-after residential locations. This well-presented two-bedroom apartment at 21 Chariot Way, Orchard Park, Cambridgeshire, CB4 2GY is offered for sale with tenants already in situ, generating immediate rental income from day one.
Currently let at £1,500 pcm (£18,000 per annum), the property offers investors a gross yield of approximately 7.5% - significantly above the national average - with a strong net yield of approximately 6.6% after ground rent and service charges. With 105 years remaining on the lease, low annual outgoings, and no letting void to absorb, this is a genuinely turnkey addition to any investment portfolio.
Orchard Park benefits from exceptional tenant demand driven by Cambridge's world-renowned university, thriving science and technology sector, and constant influx of professionals and postgraduate students. Excellent transport links -including easy access to the A14 and a direct rail connection to London King's Cross via Cambridge North station - further widen the tenant pool to commuters. The wider area continues to benefit from ongoing regeneration and infrastructure investment, while Cambridge's chronic housing undersupply relative to demand underpins both rental growth and long-term capital appreciation.
This is a well-positioned, income-generating asset in one of the UK's strongest performing property markets. Early viewing is highly recommended.
Key Figures:
Asking Price: £240,000
Current Rental Income: £1,500 pcm / £18,000 pa
Gross Yield: approx. 7.5%
Net Yield: approx. 6.6%
Ground Rent: £90 pa
Service Charge: approx. £2,100 pa
Lease Remaining: 105 years
Tenure: Leasehold | Sold with tenants in situ
- 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.
- Yes
- 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
Chariot Way, Orchard Park, Cambridgeshire
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Visit our security centre to find out moreDisclaimer - Property reference chariot-way. 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 Pure, Manchester. 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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