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Milton Road, Cambridge

PROPERTY TYPE

Detached

BEDROOMS

7

BATHROOMS

7

SIZE

1,774 sq ft

165 sq m

TENURE
Describes 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

  • Substantial seven-bedroom HMO
  • Annual rental income of £91,800
  • Gross yield approximately 9.66%
  • Approximately 1,774 sq ft / 164.8 sq m
  • Accommodation arranged over three floors
  • Multiple shower rooms/WCs
  • Modern kitchen and additional kitchen facilities
  • Generously proportioned bedrooms
  • Flexible studio-style accommodation
  • Excellent access to Cambridge Science Park and Cambridge North

Description

Occupying a convenient position on Milton Road, this highly individual property represents an excellent opportunity for investors seeking a high-yielding asset within the Cambridge rental market.

The accommodation has been configured to maximise its letting potential and comprises seven generously proportioned bedrooms, together with multiple shower rooms/WCs, kitchen facilities and communal accommodation. Several of the rooms provide particularly spacious, studio-style accommodation with areas for seating, working and dining, creating an attractive proposition for professional and student tenants alike.

Internally, the property is presented in a contemporary style, with modern flooring, striking feature walls and well-appointed rooms. The main kitchen is fitted with a range of modern white units, contrasting tiled splashbacks, integrated cooking facilities and appliance space, while additional kitchen facilities further enhance the flexibility of the accommodation.

The bedrooms vary considerably in size, with several particularly impressive rooms offering ample space for double beds, wardrobes, desks and additional seating. The upper-floor accommodation includes further large bedrooms and shower facilities, while the top-floor room measures approximately 18'4" x 11'11".

Externally, the property benefits from a private rear garden, together with a paved covered terrace providing useful outside communal space. The overall arrangement offers substantial accommodation extending to approximately 1,774 sq ft.

Milton Road provides excellent access to Cambridge city centre, Cambridge Science Park, Cambridge North railway station and major employment centres to the north of the city, making the location particularly well suited to the rental market. There are also numerous shops, amenities and transport connections within easy reach.

With an annual rental income of £91,800, the property produces a gross yield of approximately 9.66% at the £950,000 asking price, making this a particularly compelling opportunity for established landlords and investors looking to acquire a substantial Cambridge HMO. 
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.
Band: F
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
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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Milton Road, Cambridge

Approximate location

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Affordability

Monthly repayments£4,616
Property: £ 950,000
Deposit: £ 95,000
Interest rate: 5.05%
Term: 30 years
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Extension potential
Recently sold & under offer
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About Martin & Co, Cambridge

191 Mill Road, Cambridge, CB1 3AN
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1

Welcome to Martin & Co Cambridge

Experts in Lettings, Property Management, Estate Agency, Property Sales & Buy to Let

The multi-award winning branch of Martin & Co Letting & Estate agents in Cambridge is located on Mill Road in the heart of the city. The agency has an excellent local reputation and a dedicated team of friendly, professional, well-trained and highly-qualified staff.

Martin & Co Cambridge provides a comprehensive and cost-effective letting, property management, buy to let and estate agency service throughout Cambridge and the surrounding villages, specialising in efficiently letting and selling properties to high quality tenants and buyers. We also offer potential landlords and investors free and impartial advice on Cambridge buy-to-let opportunities.

With close links to the local community, each year Martin & Co Cambridge sponsors a number of local primary school events, while also being involved in a range of other community and charity events in the city.

Fully Licensed and Regulated:

Martin & Co Letting & Estate agents in Cambridge is a licensed member of the Association of Residential Letting Agents (ARLA Propertymark), ensuring high standards of letting practices, client accounting and customer service, and offering peace of mind to landlords, tenants, vendors and purchasers. Martin & Co Cambridge is also part of the National Federation of Property Professionals Client Money Protection Scheme (CMP), and registers and protects all tenant deposits with the Deposit Protection Service (the DPS). Staff are qualified with the National Federation of Property Professionals (NFoPP), and attend regular industry training to stay ahead of changing legislation and housing law.

Contact Us:

If you're a landlord or tenant looking for a reliable, honest and fully-regulated Cambridge Letting Agent, or if you are looking to buy or sell in the Cambridge area and are looking for a professional and trustworthy Estate Agent in Cambridge, please contact Martin & Co Cambridge today on 01223 275 150 or email us at cambridge@martinco.com

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Disclaimer - Property reference 100979003661. 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 Martin & Co, Cambridge. 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.
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