Summary - 93, VARITY HOUSE, VICARAGE FARM ROAD PE1 5GX
2 bed 2 bath Apartment
**Standout Features:**
- **Investment Opportunity:** Currently tenanted with a rental income of £825 PCM.
- **Attractive Yield:** Approximate yield of 9.9%, ideal for investors.
- **Modern Layout:** Spacious two-bedroom apartment with en-suite facilities.
- **Excellent Location:** Close proximity to local amenities and Peterborough city center.
- **Off-Street Parking:** Designated parking space for residents.
**Potential Concerns:**
- **High Crime Rate:** The area reports higher crime levels.
- **Condition:** Requires modernization; currently displays a minimalist, neutral decor.
This spacious two-bedroom second-floor apartment in a vibrant urban setting is designed for both comfort and investment. With a strong rental yield of approximately 9.9% and a reliable tenant in place, it presents a golden opportunity for cash investors looking to expand their portfolio. The bright living space features modern fittings and excellent natural light, while both bedrooms are generously sized, providing ample space for young professionals and small families alike.
The property has a communal outdoor area and off-street parking, promising convenience in this bustling area. However, prospective buyers should be aware of the high local crime rate and consider some modernization, as the interior is currently bland and unpersonalized. The affordable council tax adds financial appeal, further enhancing the investment potential of this property. Act now to seize this lucrative opportunity in a desirable location!
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