Summary - 4, York Terrace PE13 3AZ
3 bed 1 bath Terraced
Chain-free Victorian terrace with tenant and immediate rental return potential..
- Long-standing tenant in situ; current gross yield ≈ 6.71%
- Freehold, no onward chain
- Two/three bedrooms; compact 732 sq ft layout
- Dated kitchen, bathroom and fixtures needing modernization
- Solid brick walls; likely no cavity insulation
- Medium flood risk; very high local crime levels
- Fast broadband and excellent mobile signal
- Very low council tax; area classed as very deprived
An established mid-terraced Victorian property offered with a long-standing tenant in situ, producing a gross yield of about 6.71%. The house provides two/three bedrooms, two reception rooms and basic PVCu double glazing with gas central heating — a straightforward income asset with no onward chain.
The accommodation is compact (approximately 732 sq ft) and shows evidence of dated mid-20th century fittings: the kitchen, bathroom and reception rooms will benefit from modernization. Walls are solid brick with assumed no cavity insulation, so buyers should allow for potential energy-efficiency and heating costs improvements.
Location facts materially affecting value: the immediate area is classed as very deprived with very high crime levels and a medium flooding risk. Positives for investors include fast broadband, excellent mobile signal, low council tax, and proximity (under half a mile) to Wisbech town centre and local amenities.
Practical points: the property is freehold and chain-free but is sold with a tenant in place — suitable for buyers seeking an income stream or a refurbishment project at a later date. A survey is recommended to confirm services, insulation and flood resilience before purchase.
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