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Property Listing Details

1 bed flat for sale

Tavern Yard, Meldreth, Royston SG8

  • Investment
Offers in region of

£55,000

Property details

  • 1 bedroom
  • 1 bathroom
  • 1 reception room

Features

  • Unique Investment Opportunity
  • Studio Unit Apartment
  • In Need of Modernisation
  • Brilliant Potential for Capital Growth
  • Will Achieve a Strong Rental Return
  • Easily Commutable to Cambridge City Centre and London

Listing view statistics

Last 30 days: 39 page views

Since listed: 1277 page views

Description

In need of refurbishment and modernisation - A unique investment opportunity to acquire this studio/one bedroom apartment in need of modernisation on the doorstep of meldreth train station offering a quick and affordable commute into Cambridge City Centre.

About The Unit

This studio apartment offers a unique opportunity to acquire an investment in an up-and-coming area with fantastic commuter links. The apartment is in need of modernization, however will offer a strong rental return once refurbished and tenanted.

The Lease currently has 69 years remaining so a cash buy is recommended, however some mortgage companies will be able to offer products based on a short lease term.

The total yearly ground rent amounts to just £75 and is accompanied by a very reasonable service charge.

About The Area

Meldreth is a village located to the north of Royston and east of Melbourne, offering not only easy travel connections but local employment hubs such as Melbourne Science Park. The village is increasingly becoming popular with commuters and developers, with many new build units starting to pop up in the area and stimulate the local growth in infrastructure.

Tavern yard is located a stones throw away from Meldreth train station, offering train journeys to Cambridge's mainline station (14 Minutes), London Kings cross ( hour) and London Liverpool Street (<1 hour). It is also just a 20 minute drive along the A10 to reach Cambridge City centre.

Interested Parties

Interested parties should direct all enquiries to Belvoir Cambridge Sales department on .

Lease Information

Years remaining: 69 years
Service Charge: Approximately £600p/a
Ground Rent: £75 per annum

Belvoir Cambridge Disclaimer

Belvoir Cambridge Disclaimer - Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation. All measurements quoted are approximate. These Particulars do not constitute a contract or part of a contract.

You could get

Superfast broadband Superfast broadband

Up to 48.9 Mbps (Source: Ofcom)

Floorplan

Map & Nearby

Local Amenities

  • Meldreth 0 miles
  • Shepreth 1.9 miles
  • Meldreth Primary School 0.3 miles
  • Melbourn Village College 0.5 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Meldreth 0 miles
  • Shepreth 1.9 miles
  • Meldreth Primary School 0.3 miles
  • Melbourn Village College 0.5 miles

Market stats

Sale activity

Average estimated value for a flat in SG8:

  • £184,956
  • Price decrease

  • -£29,146
  • (-13.613%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £191,565
  • Properties sold

    46

Rental opportunities

Looking for an investment? The average rent for a 1 bedroom flat in SG8 is currently:

£763 pcm

Recent sales nearby

See all recent sales in SG8
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

£ per month

How much could I borrow?

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Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
21st Feb 2019 £55,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Belvoir - Cambridge. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Belvoir - Cambridge for full details and further information.