Description
This Peterborough studio block investment at Cross Street Court offers 34 self-contained studios (19 with kitchenettes) for a guide price of £4.6 M. Situated in the heart of PE1, the block is finished to a high standard and benefits from student and young-professional demand. Moreover, Peterborough’s city-centre studios achieve an average rental yield of 4.9%, making this asset’s projected gross yield of 6.48%–7.68% particularly attractive. With a 2% sourcing fee and no major cap-ex required, investors can secure immediate cash flow and capital growth potential amid ongoing regeneration. Key Highlights: • 34-unit freehold studio block in Peterborough city centre (PE1 1XS) • Guide Price: £4.6 M + 2% sourcing fee • Market-rate annual income: £324,300 → 7.05% gross yield; up to 5.87% net • Break-up value potential: £5.27 M (+14.6%) • Located in a £600 M+ regeneration zone with strong student & professional demandInvestment Highlights
| Monthly Income | £24,850 | £27,025 | £29,425 |
| Annual Income | £298,200 | £324,300 | £353,100 |
| Gross Yield (on £4.6 M) | 6.48% | 7.05% | 7.68% |
| Operating Expenses (23.5%) | £70,077 | £76,210 | £82,978 |
| Net Income | £228,123 | £248,090 | £270,122 |
| Net Yield (on £4.6 M) | 4.96% | 5.39% | 5.87% |
| Break-up Value | £3.91 M (–15%) | £4.59 M (–0.2%) | £5.27 M (+14.6%) |
| Cash-on-Cash Return (cash purchase) | 4.86% | 5.29% | 5.76% |
Yield-comparison-net-income-and-break-up-value-scenarios-for-Cross-Street-Court-Presented-by-Palace-Auctions[/caption]
Yield comparison, net income and break-up value scenarios for Cross Street Court.
Location
Cross Street Court is in PE1 1XS, a vibrant city-centre location:- 2-minute walk to Peterborough Station (direct to London King’s Cross)
- Situated between Fletton Quays waterfront and Queensgate shopping
- Adjacent to major bus routes on Bridge Street
- Surrounded by cafés, bars and the new Anglia Ruskin University campus
Outbound Links
- Peterborough City Council Regeneration → peterborough.gov.uk/regeneration
- Anglia Ruskin University Peterborough → aru.ac.uk/campuses/peterborough
- Network Rail – Peterborough Station → /stations/peterborough/
- Fletton Quays Development → flettonquays.co.uk
- Visit Peterborough – City Centre Guide → www.visitpeterborough.com
