Victoria Street, Peterborough, Cambridgeshire, PE2
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
6
- BATHROOMS
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
- Turnkey HMO
- 6 Bedrooms
- 4 Studios, 2 ensuite
- High Specification Rooms
Description
Sales Price: £435,000
Expected Gross Annual Income: £45,384
Gross Yield: 10.44%
Property Overview
Presenting a high-quality, turnkey HMO situated in the sought-after Peterborough,
Fletton area, 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: £695
Room 2: £675
Room 3: £697
Room 4: £535
Room 5: £550
Room 6: £630
Expected Total Monthly Rental: £3,782
Property Management: Fully managed by Freedom Homes Ltd, specialists in HMO
management with a portfolio exceeding 900 units.
Close to Key Amenities:
1.8 mile to Peterborough Train Station - Approximately 8 minutes drive
2.0 miles to Queensgate Shopping Centre - Approximately 9 minute drive
3.3 miles to Perkins Engines(large employer in area) - Approximately 13 minute drive
2.6 miles to Amazon Distribution Centre (large employer in area) - Approximately 10
minutes drive
2.3 miles to Ikea Distribution Centre (large employer in area) - Approximately 9 minute
drive
Renovation Details (Conversion finished in 2021):
Back to brick refurbishment/conversion carried out by an experienced developer in the
area. A brief description of the work undertaken includes, loft conversion with rear
facing dormer and replacement front main roof section at the same time, 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 = £4,740
- WIFI = £400
- Council Tax = Band A, £1,110.85
- Cleaning = £792
- Gardening = £600
- Management = £6,535.30 (12% + VAT commission)
Net Annual Income: £31,205.85
ROI Analysis:
25% Deposit Investment: 28.37% (Stamp Duty Additional Cost)
Cash Purchase: 7.09% (Stamp Duty Additional Cost)
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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Energy performance certificate - ask agent
Victoria Street, Peterborough, Cambridgeshire, PE2
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Visit our security centre to find out moreDisclaimer - Property reference 2VictoriaStreet. 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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