Earn instant income on this already tenanted investment opportunity - not suitable for owner occupiers! This excellent three bedroom detached is just 30 minutes from Peterborough town centre, enquire today to avoid disappointment.
This wonderful three bedroom detached comprises of; entrance hallway leading to a spacious lounge with UPVC double doors leading to a conservatory; dining room with UPVC double doors leading to a spacious rear garden; downstairs WC; staircase leading to three double bedrooms all with double glazed windows; three piece family bathroom with shower over bath. The property comes with a driveway for two cars, and a generously sized rear garden.
Prices in Spalding have seen a rise of 0.26% in the last three months (since October 2020) and rise of 5.39% since October 2019, making now the perfect time to invest.
Franklin drive is located just 30 minutes away from Peterborough town centre, so the perfect area for commuters. The Cambridgeshire city of Peterborough has been offered a deal through the Government's Towns Fund to help boost the economy, build more homes, and support local businesses. Communities Secretary Robert Jenrick made the announcement, in which it revealed Peterborough had been offered a Town Deal worth up to £22 million.
It is one of the first of seven towns across the country to have a funding offer made as part of the landmark £3.6 billion Conservative Government scheme, aimed at levelling up local economies and creating jobs by investing in transport, infrastructure, and skills. In Peterborough the funding will be used to make the town fit for the future, and achieve the long term vision put forward by the council and local businesses for the next 30 years. This includes plans to make Peterborough more sustainable, encouraging low carbon living through cutting emissions and being kinder to the environment.
Financial Breakdown
Gross rent: £10,200
Ground rent: £0
Service charge: £0
Lettings fees: £0
Net income: £10,200
Gross yield: 4.98%
Net yield: 4.98%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-16022
