Are you searching for a lucrative addition to your portfolio? Available with a competitive guide price of £550,000 (plus fees) in our 10th December auction, 1-6 Willan Court is a block of six fully let apartments generating an impressive gross income of £60,600 per annum. Set within a popular residential area with easy access to Peterborough city centre, this well-maintained property offers significant rental income potential in a prime location.
Instant returns
1–6 Willan Court comprises a presentable block of six apartments, featuring a balanced mix of four one-bedroom flats and two studio flats. Each of the one-bedroom units is currently achieving a rental income of £950 per calendar month and contains an open-plan kitchen and living area, a double bedroom, and a modern shower room.
The two studio flats are equally well-appointed. Each includes a bedsitting area, kitchen and shower room, all of which are maintained to a good decorative standard. Both studios are presently let at £600 and £650 per calendar month respectively, granting you an immediate and reliable income stream.
In total, this freehold investment currently produces a gross annual income of £60,600, with a net income of approximately £51,000, reflecting an excellent gross yield of more than 10%. The landlord presently covers the tenants’ utility and council tax bills, creating scope for adjustment and a potential uplift in net returns.
Externally, the property benefits from a spacious communal rear garden, complete with lawn, patio and BBQ area that serves as a desirable shared outdoor space for tenants. To the front, there are four off-road parking spaces, providing valuable convenience for residents.
Perfectly situated
Positioned south of the River Nene in the sought-after village of Woodston, 1–6 Willan Court enjoys an enviable setting just a few miles from Peterborough city centre. The area is particularly attractive to tenants, offering a blend of urban accessibility and outdoor leisure.
Ferry Meadows Country Park, which is only a 10-minute drive away, provides acres of open space with walking and cycling trails, water sports, cafés, and picturesque lakes and woodland, perfect for relaxing at the weekend.
Woodston itself benefits from a good range of local amenities, schools and excellent transport links, with direct services to London King’s Cross and the North via Peterborough’s mainline railway station. As one of the fastest-growing cities in East Anglia, Peterborough boasts strong employment prospects and a diverse mix of retail, leisure and recreational facilities, all of which make this location highly desirable for tenants seeking both convenience and comfort.
An enticing acquisition
Gary Davidson, Regional Manager at Auction House East Anglia, commented: “This expansive premises presents an appealing opportunity, whether that be as a long-term asset or a new venture that explores other potential uses for this prominent property.”
If you’re looking for a hands-off investment and are keen to find out more or book a viewing, please call our Peterborough team on 01733 889833.
