2 bedroom apartment for sale

Guthrie House, Bretton Green, Peterborough

Sold STC £151,000

Property Description

Key features

  • 72 sqm
  • 770 sqft
  • Brand new apartment
  • 250 Year lease
  • Allocated parking
  • Gas central heating

Full description

**BUY TO LET** Situated within walking distance to the CITY HOSPITAL this contemporary two bedroom apartment with en suite to master makes this an ideal opportunity INVESTMENT OPPORTUNITY attracting tenants who commute or work locally.

5.41% pre tax income on £42.5k capital employed (based on 25% deposit, 2.49% int only loan and fully managed. Block management fees included in estimate)

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 builtin ove, hob and extractor, SMEG fridge/freezer and dishwasher. The living area is fitted with laminate flooring and benefits from a PVCu window to front and doors leading to balcony

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 £162k and potential rental income of £695pcm (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 £47,450 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £3,566 = 7.51% pre tax income on capital used (these assumptions include a service and ground fees and on a fully managed service)
- Gross yield 4.79%

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

Nearest station

  • Peterborough (1.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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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.

Floorplans


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 station

  • Peterborough (1.7 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 26360877. 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.