2 bed Flat For Sale £127,000
The Mews, High Causeway, Whittlesey, Peterborough

“Rent A Flat Above A Shop…” Sang Jarvis Cocker From Pulp. Lots of working tenants do want to rent a flat above a shop, making this right-in-the-centre of town tenanted investment well worth a look.

You really can’t get a more convenient location for any tenants who work in town and want to live nearby.

And that’s probably why the professional tenant renting this neat and tidy two bedroom flat is so settled. He’s been living here for around 3 years.

The current rent is 675pcm, so based on the £127,000 asking price it will return over 6.38% gross yield.

That’s not eye-wateringly exciting but not all investors want eye-wateringly exciting. This is a steady, dependable tenanted investment to drop into your portfolio.

As with many flats-above-shops you get a bit more space for your money.

The open plan lounge/kitchen is a really good size, with enough space for a relaxed seating area and room for a small dining table to sit and eat.

There’s one double bedroom and a single that is perfect as a home office or gaming room.

Both the kitchen and bathroom are stylish and modern - everything is in good condition and is being really well looked after by the tenant.

It’s located in the pedestrianised part of the town centre so you don't need a car but there is a free car park round behind.

As you’d expect it’s leasehold and the service charge is around £80 per month. That’s very reasonable compared to other more modern apartments. That’s due in part to there being no lift (it’s only a 2 storey block so doesn’t need one) and no gardens or grounds to maintain. Lifts and grounds do tend to ratchet up the ongoing service charges…

If you’re looking for a solid and steady tenanted investment that won’t keep you awake at night, this town centre flat might be a low risk, low effort addition to your portfolio.

If you’re interested, call or complete the enquiry form to book a viewing (we’ll need to arrange this with the tenant).