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2 bedroom apartment for sale

Guthrie House, Bretton Green, Peterborough


Property Description

Key features

  • 67 sqm
  • 720 sqft
  • Brand new apartment
  • 250 Year lease
  • Allocated parking
  • Gas central heating

Full description

**INVESTMENT OPPORTUNITY** Situated in the dynamic city of Peterborough within walking distance to the CITY HOSPITAL this south facing two bedroom apartment offers a projected 5% gross Yields and potential for capital growth.

7.89% pre tax income on £42,250 capital employed (based on 25% deposit and 2.49% int only loan inc managed fees.

Entrance Hall - Entrance hall into the apartment has door leading to all rooms

Kitchen/Living - Kitchen Area; The kitchen is fitted with a matching range of base and eye level units with work top space over. The Kitchen has a built in oven, hob and extractor, and SMEG fridge/freezer The living area is fitted with laminate flooring and benefits from a PVCu window to front.

Master Bedroom - The double bedroom is fitted with carpet, PVCu window to front and door leading to;

En-Suite - Fitted with a two piece suite comprising of wash hand basin and WC. The en-suite also benefits from a shower cubicle.

Bedroom Two - Double bedroom with fitted carpet and PVCu window to front

Family Bathroom - The family bathroom is fitted within two piece suite comprising of wash hand basin, WC and also has a built in shower cubicle.

Parking - The property has one allocated parking space

Leasehold Information - The developer has informed us the property will have a brand new lease of 250 years from 1st December 2016

The service charge payable is £750 per annum

The ground rent is £250 per annum

Investor Information - Based on a sale at £145k and potential rental income of £675pcm (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 £42,250 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £3,333 = 7.89% pre tax income on capital used (these assumptions include a service and ground fees and on a fully managed service)

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:
01 July 2016

Map & Street View

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