Standout Features
- Fully licensed and compliant 7-bedroom HMO
- Generating approx. £56,500 per annum
- Circa 7.1% gross yield at £800,000 asking price
- All rooms currently let with tenants in situ
- Five bathrooms, four en-suite
- Well-maintained and professionally managed
- Communal kitchen and living area
- Prime location
- Short walk to Cambridge city centre
- Potential for rental growth and further optimisation
Property Description
An outstanding investment opportunity situated within a short walk of Cambridge's historic city centre. This fully licensed and professionally managed HMO is positioned on Elizabeth Way, adjacent to the highly regarded De Freville Conservation Area.
The property currently generates a strong and consistent annual income of approximately £56,500, representing a gross yield of circa 7.1% based on the asking price of £800,000. This offers an attractive return in a prime Cambridge location, with further potential to enhance rental income subject to a purchaser's management approach.
The accommodation is arranged over multiple floors and comprises seven well-proportioned bedrooms, all currently let, alongside five bathrooms, four of which benefit from en-suite facilities. A communal kitchen and living area provides practical shared space, supporting strong tenant demand and retention.
Having performed successfully as a long-term investment, the property is offered with tenants in situ, allowing for immediate income from completion. There may also be scope for future optimisation or development, subject to the necessary consents.
Elizabeth Way provides excellent access between Chesterton and Cambridge city centre, with the nearby bridge offering a direct route across the River Cam. The location is well served by local amenities, including a convenience store within walking distance, as well as a Tesco superstore and additional retail facilities on nearby Newmarket Road.
The property currently generates a strong and consistent annual income of approximately £56,500, representing a gross yield of circa 7.1% based on the asking price of £800,000. This offers an attractive return in a prime Cambridge location, with further potential to enhance rental income subject to a purchaser's management approach.
The accommodation is arranged over multiple floors and comprises seven well-proportioned bedrooms, all currently let, alongside five bathrooms, four of which benefit from en-suite facilities. A communal kitchen and living area provides practical shared space, supporting strong tenant demand and retention.
Having performed successfully as a long-term investment, the property is offered with tenants in situ, allowing for immediate income from completion. There may also be scope for future optimisation or development, subject to the necessary consents.
Elizabeth Way provides excellent access between Chesterton and Cambridge city centre, with the nearby bridge offering a direct route across the River Cam. The location is well served by local amenities, including a convenience store within walking distance, as well as a Tesco superstore and additional retail facilities on nearby Newmarket Road.
Additional Information
Tenure:
Freehold
Council Tax Band:
D
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Elizabeth Way, Cambridge
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