2 bedroom apartment for sale

Muirfield Close, Lincoln

£115,500

Property Description

Key features

  • NO FORWARD CHAIN
  • Total floor area: 64m

Full description

** IDEAL FIRST TIME BUY OR INVESTMENT - PRICED TO SELL ** Two bedroom purpose built apartment located in sought after residential area of Lincoln. The accommodation briefly comprises: Entrance hall, open plan lounge dining area, kitchen with appliances, 2 bedrooms and family bathroom. The property benefits from A BRAND NEW GAS BOILER, double glazing and allocated parking.

Hallway - Small built in storage cupboard

Lounge / Dining Area - 5.9m x 1.0m max (19'4" x 3'3" max) - Lounge is fitted with carpet, dining area with small balcony over looking south facing woodland area.

Kitchen - 2.7m x 2.4m max (8'10" x 7'10" max) - Fitted kitchen with a matching range of base and eye level units and work top space over, 1 1/2 stainless steel sink, Integrated oven, hob and extractor fan, space for washing machine, fridge/freezer, fitted with vinyl flooring.

Master Bedroom - 2.5m x 4.2m max (8'2" x 13'9" max ) - Double bedroom with fitted carpets, Built in wardrobes, Small balcony overlooking woodland area.

Bedroom Two - 3.7m x 2.0m max (12'1" x 6'6" max) - Double bedroom with fitted carpets.

Bathroom - 1.9m x 2.4m (6'2" x 7'10") - Fitted with a three piece suite compromising of wash hand basin, WC and deep panelled bath with Shower over bath. Fitted with vinyl flooring.

Outside - One allocated parking space.

Leasehold - The vendor informs us there were 125 years remaining on the lease from the 1st January 2005 leaving 115 years

The vendor informs us the ground rent and service charges total at £1127.24 per annum

Agents Note - Photographs - These photos are for general guidance only and were taken in.... Buyers must therefore view the property themselves before placing an offer

Investor Information - Based on a sale at £115.5k and potential rental income of £525pcm (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 of 2.49% (interest only)
- Capital used £33,690 (including deposit, stamp duty and conveyance
- Annual pre tax profit of £2,445 = 7.26% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 5.24%

Belvoir Disclaimer - THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER BELVOIR PETERBOROUGH NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
24 April 2015

Nearest stations

  • Hykeham (1.1 mi)
  • Lincoln Central (3.2 mi)
  • Saxilby (4.5 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Belvoir, Peterborough - Sales

1022 Lincoln Road, Peterborough, PE4 6AS

01733 663025 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Hykeham (1.1 mi)
  • Lincoln Central (3.2 mi)
  • Saxilby (4.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Belvoir, Peterborough - Sales

1022 Lincoln Road, Peterborough, PE4 6AS

01733 663025 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 25557442. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Belvoir, Peterborough - Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.