Refurbished Apartment Block In Newmarket

Location: Newmarket

Price: £425,000

Discount: Included

We have sourced another great freehold opportunity. This time we’re looking down towards the South East in Suffolk. This grand looking period property has been offered to us at £425,000.

Most of you will know Newmarket as being home to one of the most famous horse racing tracks in the world. There is a strong industry connected to racing in the area and Cambridge is only circa 20 minutes away.

It’s essentially a block of 3 self contained apartments. However, the middle apartment is being used as a communal flat whereby the rooms are let on an individual basis.

The property does not require a HMO license as far as we’re aware.

Lower Ground: 2 bedroom self contained apartment | £650 PCM

Ground & First Floor: Communal kitchen and 3 lettable rooms | £1,350 PCM

Second Floor: Studio | £650 PCM Gross monthly rental income is £2,650.

The managing agent has just started to remarket the properties as the property has undergone a full refurbishment. This deal offers a NET ROI of circa 16% per annum based on a 25% cash deposit.

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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.

Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.