Summary - St. Marks Street, Peterborough, Cambridgeshire, PE1 PE1 2TU
6 bed 1 bath House of Multiple Occupation
High-yield, city-centre HMO ideal for income-focused investors seeking immediate returns.
Central location 0.4 miles to Queensgate Shopping Centre
Six double bedrooms suitable for students and professionals
Expected gross annual income £36,060; gross yield ~11.1%
Rear garden provides communal outdoor space
Bedrooms presented in modern, neutral condition
Local area very deprived; recorded high crime levels
Tenure unspecified; legal/title checks required before purchase
Bathroom details conflict (advertised two vs. record showing one)
This centrally located HMO sits 0.4 miles from Queensgate Shopping Centre and is configured as six double bedrooms with communal living, making it immediately attractive to city-centre tenants and student/professional sharers. The advertised rental schedule produces an expected gross annual income of £36,060 and a headline gross yield of about 11.1%, delivering strong short-term income potential for a buy-to-let investor.
The property offers practical upside: six double rooms, a communal kitchen and a rear garden provide continued letability to ARU students, key workers and professionals drawn to the city centre. Several bedrooms are presented in a modern, neutral standard with double-glazed windows and new carpeting, reducing short-term refit costs.
Buyers should note clear risks: the local area is classified as very deprived and recorded crime levels are high, which can affect long-term capital growth and management costs. Tenure is unspecified and records conflict on bathrooms (advertised as two shared bathrooms but a separate field lists one), so legal/title and condition checks are essential before purchase. The plot is small and the building sits in a busy urban setting, which limits expansion options.
This is a straightforward, income-led investment: strong gross yield and central location balanced against social and maintenance considerations. An investor seeking immediate rental income and willing to manage higher-turnover tenants or accept a management arrangement will find this a clear, high-yield HMO opportunity — provided they complete full due diligence on tenure, services and local risk factors.
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