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2 bedroom apartment for sale

Cathedral View, Wentworth Street, Peterborough

Sold STC £170,500

Property Description

Key features

  • Secure Entry System
  • Third floor apartment
  • 125 year lease
  • 10 year build warranty
  • Close proximity to the train station
  • City Centre location
  • Allocated parking
  • High spec finish

Full description

***LAST UNIT REMAINING***

Fantastic opportunity to acquire this stunning two bedroom apartment benefiting from an en suite to master bedroom, SECURE ALLOCATED PARKING and VIEWS OVER THE HISTORIC CATHEDRAL. This contemporary apartment further benefits from a brand new 125 YEAR LEASE.

CALL US TODAY TO BOOK A VIEWING.

Cathedral View - This city centre location office building has been converted to 29 residential units comprising of one and two bedroom apartments. These impressive new apartments boast a superb specification with sleek fitted kitchens, integrated appliances and are ideally located in at the heart of the vibrant City Centre of Peterborough.

Location - Peterborough is one of the fastest growing cities in the UK, which is delivering a billion pound regeneration programme, and boasts unrivalled transport links and exciting plans for growth.This development will offer fantastic City Living for those who work locally but also for commuters who work in such areas as London and Cambridge as they are located in close proximity to the bus and railway stations.

Communal Entrance - Secure entry system, Post boxes and lift and stairs

Entrance Hall - Entrance hall with doors leading to kitchen/ lounge, bedrooms and bathroom.

Open Plan Kitchen Lounge - The magnet luna kitchen is fitted with a matching range of base and eye level units with laminate worktop over, stainless steal sink with chrome monobloc mixer tap. The fitted appliances are AEG electric oven, hob and extractor hoodm AUG intergrated dishwasher and full height fridge freezer.

Master Bedroom - Double bedroom with double glazed windows and door to en suite

En Suite - Fitted with a three piece suite comprising of WC, wash hand basin and shower cubicle

Bedroom Two - Double bedroom with double glazed windows

Family Bathroom - Fitted with a three piece suite comprising of cube bath with Bristan shower bar and rinser ( or similar) WC and wash hand basin, chrome towel rail and tiled ceramic flooring.

Parking - The apartment has 1 allocated parking space

Leasehold Information - The developer has informed us the property comes with a 125 year lease

The service charge is £650 Per Annum

The ground rent is £350 per annum

The ground rent for the parking space is £100 per annum

Investor Information - Based on a sale at £170,500 and potential rental income of £850pcm (please note that these figures are an illustration based on an average buy to let mortgage and deposit and actual costs may vary)

- 75% loan assuming standard BTL loan at 2.49% (interest only)
- Capital used £50,000 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £4,050 = 8.10% pre tax income on capital used (these assumptions include a maintenance estimate and are based on a fully managed service)
- Gross yield 5.73%

Belvoir 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


More information from this agent

Listing History

Added on Rightmove:
15 November 2016

Map & Street View

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