Little bit of digging!
Fletton Quays
https://search.savills.com/property-det ... 0000099220P.O.A from Savills.
The site forms part of the south bank re-development known as Fletton Quays, which will eventually provide:-
358
luxury apartments, currently under construction by Weston Homes.
160 bed Hilton Hotel with a 2 storey roof top bar and terrace, leisure facilities and restaurant.
166,000 sq ft of Grade A office space including the
Peterborough City Council's new headquarters https://www.knightfrank.com.my/resident ... tton-quaysDeveloper: Weston Homes Estimated completion date: Block F October 2018-June 2019, Block G June 2019-December 2019
Units: 229 in this phase; total 358
Pricing
1 beds from £172,000 - £200,000
2 beds from £205,000 - £270,000
3 beds from £287,500 - £310,000
Overview
Amenities: Hotel, shops and a restaurant on site.
Transport: Peterborough Station is a 12 minute walk (6 minute drive) from the site, with direct access to Central London (King’s Cross) in 50 minutes
Parking: 1 x space included with all units, 2 x spaces included with duplex units
Estimated service charge: £2.00 per sq ft
Ground rent:
1 bed £300 p/a
2 bed £350 p/a
3 bed £400 p/a
Lease: 999 years
Rental
https://www.rightmove.co.uk/properties/ ... el=RES_LET(£1150 pm).
£1150x12 / £240k ( mid price - 2 bed appt).
I make that a gross yield of 5.7%.
I guess Lloyds would say " what's the price for 45 units?".