This three-storey building presents an intriguing opportunity in the heart of Soham, currently configured as three flats, with the potential to develop a fourth. Each of the existing units has previously generated a rental income of approximately £25,000 per annum, offering promising financial returns for future owners.
While some refurbishment will be necessary to enhance the living spaces and maximize their rental potential, this presents a canvas for creative improvements and modernization. The first floor holds further promise; by transforming two currently unused rooms into an additional flat—pending appropriate planning permissions—investors could significantly increase the property’s overall value and yield.
The property benefits from allocated parking for each flat, an appealing feature that caters to tenant needs in this sought-after area. Soham is well-regarded for its range of amenities, including shops, restaurants, and educational institutions, making it an attractive location for long-term tenants or owner-occupiers. Situated just six miles from Ely, it enjoys convenient access to nearby urban centers while maintaining its community feel.
As this property is being sold with vacant possession, new owners will have the flexibility to implement their vision without the constraints of existing tenancies. This combination of location advantages and renovation potential makes it a distinctive investment opportunity not to be overlooked.
Interested parties are encouraged to arrange viewings through our joint auctioneers for firsthand insights into what this property can offer.
