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3 bedroom house of multiple occupation for sale
Milner Road, Wisbech, PE13 2LR
£185,000
Milner Road, Wisbech, PE13 2LR
£185,000
Price History
Initial price | £200,000 |
27/12/24 | £185,000 |
Price Change | -7.50% |
Description
This investment opportunity presents a chance to own a property in Wisbech, a charming market town in Cambridgeshire, with a 7.88% NET return at the asking price. The property, located on Milner Road, features a living/diner area, fully fitted kitchen, lobby/utility, shower room, three double bedrooms, and a family bathroom. The property is within walking distance of the town center, which offers a range of amenities, including a theater, swimming pool, library, and good schools. The bus station provides easy connections to neighboring towns, including King's Lynn, Norwich, and Peterborough, which have mainline train stations. Wisbech is also set to benefit from £20 million in government funding over the next ten years, making it an attractive time to invest in property there. The property is currently income-producing, with tenants in situ, and the current rental income represents a 7.88% NET return at the asking price.