59 NORFOLK STREET
CAMBRIDGE, CAMBRIDGE, CAMBRIDGESHIRE CB1 2LD
£15,000
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
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).
House Price Index (HM Land Registry — official index, not sold-price averages): Cambridge. Series: Detached. As of April 2026.
Rental Range
Estimated market rent for Cambridge. Low = conservative, Realistic = average, Optimistic = best case.
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 — 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).