Sold Detached

59 NORFOLK STREET

CAMBRIDGE, CAMBRIDGE, CAMBRIDGESHIRE CB1 2LD

4 beds 2 baths 167 m² Listed 25 Apr 2025 (-463d)

£15,000

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Property details

Floor area

167 m²

Last sold

£162,000 Aug 1998

Local average

£1,019,150 (-98.5%)

Deprivation

Decile 6 (17,880 of 33,755)

Street crime

730 incidents within 1 mile (May 2026)

Key features

  • Investment Opportunity
  • Passive Income
  • Fixed Monthly Returns
  • Fully Managed
  • Government-Backed

Description

The investment is structured as a joint venture (JV) with a professional Housing Provider who holds an existing contract with a registered Housing Association.

As the investor (Lender), you provide capital to fund the acquisition and development of a single property. You are not liable for any maintenance, tenant management, void periods, or day-to-day responsibilities. There are no loans or mortgages involved. All property-related obligations-including compliance, utilities, and maintenance-are fully managed by the Housing Provider.

Each investment relates to one property designed to accommodate either four or six occupants. The Housing Provider secures a 5-year lease on the property, undertakes a comprehensive refurbishment, furnishes it to specification, obtains all relevant HMO licences, and then leases the completed unit to the Housing Association.

The Housing Association enters into a 5-year lease agreement, backed by government funding. Rather than receiving the lease value as a lump sum, the Housing Provider receives fixed monthly payments over the 60-month term. These payments exceed the base ground rent, generating a consistent and contractually secured income stream.


KEY FEATURES

Fixed Monthly Income
Earn consistent, contractually agreed rental income, paid every month for the duration of the term.

Passive and Predictable
Fully hands-off investment with no tenant management, maintenance, or day-to-day involvement required.

Flexible Investment Terms
Choose either between a 3-year or 5-year fixed term, offering options to suit your capital strategy.

Fully Managed by Housing Provider
All responsibilities, from refurbishment and licensing to compliance and tenant placement, are handled entirely by the Housing Provider.

Zero Running Costs
No exposure to ongoing expenses. Utilities, maintenance, voids, and repairs are covered throughout the lease period.


This investment structure is particularly well-suited for turn-key investors seeking reliable monthly returns from a hands-off asset, with the added security of government-backed income and a clearly defined exit plan after the term ends. With no operational burden and a fixed return built into the agreement, this opportunity offers an efficient route to passive property income without the volatility typically associated with the private rental sector!

For further information about this investment opportunity, please call us during office hours (10am-6pm). Alternatively, you can email and a member of our team will respond to you promptly.

#INVEST

Listed by

Birmingham City Centre

The Property Estate Agents Ltd

Reference: 161136677

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

Event Date Price % change
Sold 04/08/1998 (27 years ago) £162,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
Same street 9 NORFOLK STREET, CAMBRIDGE, CAMBRIDGESHIRE, CB1 2LD £825,000 30/06/2023 Other
Same street 35 NORFOLK STREET, CAMBRIDGE, CAMBRIDGESHIRE, CB1 2LD £450,000 02/12/2022 Terraced
Same street 11 NORFOLK STREET, CAMBRIDGE, CAMBRIDGESHIRE, CB1 2LD £722,000 05/08/2022 Terraced
Same street 57 NORFOLK STREET, CAMBRIDGE, CAMBRIDGESHIRE, CB1 2LD £700,000 27/06/2022 Terraced
Same street 43 NORFOLK STREET, CAMBRIDGE, CAMBRIDGESHIRE, CB1 2LD £435,000 29/04/2022 Terraced
Same street 71 NORFOLK STREET, CAMBRIDGE, CAMBRIDGESHIRE, CB1 2LD £530,000 10/12/2021 Terraced

Street average: £610,333 (6 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

10y growth 83.6%

House Price Index (HM Land Registry — official index, not sold-price averages): Cambridge. Series: Detached. As of April 2026.

1y (index) -2.4%
5y (index) 9%
10y (index) 7.9%

Rental Range

Estimated market rent for Cambridge. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,624/mo
Realistic £1,804/mo
Optimistic £1,984/mo

Based on Local Authority from postcode lookup → Cambridge.

LHA (30th percentile) floor for Cambridge: £1,446/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop All Seasons 0.0 miles
Shop Uppercuts 0.0 miles
Bus stop Grafton Centre 0.1 miles
University Anglia Ruskin University (Cambridge Campus) 0.1 miles
University Anglia Ruskin University -Faculty of Health, Social Care & Education 0.2 miles
Train station Cambridge 0.7 miles
Hospital Brookfields Hospital 0.9 miles
Train station Cambridge North 1.7 miles

Street-level crime

Category Count
Violence and sexual offences 194
Shoplifting 154
Anti-social behaviour 107
Bicycle theft 69
Other theft 49
Public order 32
Criminal damage and arson 30
Vehicle crime 26
Theft from the person 20
Robbery 16
Drugs 14
Other crime 8
Possession of weapons 7
Burglary 4
Total incidents 730

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
St Matthew's Primary School Primary 0.1 miles Good — 20 May 2020
Brunswick Nursery School Nursery 0.2 miles Outstanding — 19 Oct 2012
Parkside Community College Secondary 0.3 miles Outstanding — 5 May 2017
Cambridge Maths School Other 0.4 miles (No rating)
Cardiff Sixth Form College, Cambridge Other 0.5 miles Good — 27 Jun 2023

Rental Comparables

Rental listings exist nearby, but none matched the 4-bedroom count for this property.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 12.03%
Max investor price (0.8%) £225,500
Target investor price (1%) £180,400
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).