Studio · PE29 2ER
For saleListed 296 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
## INVESTMENT OPPORTUNITY # LEASEHOLD WITH option to buy SHARE OF FREEHOLD # Second floor studio apartment situated in the historic converted Riverside Mill situated a short walk from Huntingdon Town Centre, Huntingdon Station with its mainline service to London and Hinchinbrooke Hospital.
Potential to be a sound investment opportunity or a perfect first time buy. The accommodation comprises of a living/bed room, kitchen, and bathroom.
The property benefits from a parking in the residence parking area and give easy and convenient access on foot to the town centre with many amenities on offer. Call to view!
COMMUNAL ENTRANCE HALL Stairs to second floor, Lift leading to second floor.
LIVING/BED ROOM 4.87m x 415m KITCHEN 2.79m x 2.43m BATHROOM OUTSIDE The property has a communal carpark with un allocated parking for one car and some visitor spaces.
There are rooms available within the development that can be rented on a very short term basis for family and friends of residents to use.
AGENTS NOTES TENURE Leasehold, approximately 83 years remaining. MANAGEMENT CHARGES The vendor has informed us that the management fee for the property is £300.00 per quarter.
There would be an option to purchase a share of the freehold for £5000.
NOTE TO PURCHASERS THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT.
THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS.
NEITHER WELLINGTONWISE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Riverside Mill, Bridge Place, Godmanchester, Huntingdon, Cambridgeshire, PE29
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