1 bedroom apartment for saleNorth Street, Peterborough
Sold STC £110,000
- IDEAL INVESTMENT OPPORTUNITY
- CITY CENTRE LOCATION
- SECURE ENTRY SYSTEM
- TENANT IN SITU
- Total floor area 46sqm
***HIGH SPEC ONE BEDROOM APARTMENT*** This nearly new apartment benefits from good quality fittings throughout, a secure entry system and a lease of 250 years. CALL US TODAY TO BOOK A VIEWING!
Location - Peterborough is one of the fastest growing cities in the UK, which is delivering a billion pound regeneration programme, and boasts unrivaled 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.
Entrance Hall - Entrance hall is fitted with wooden style laminate flooring, intercom system, doors leading to bedroom one, shower room and open plan lounge diner.
Open Plan Lounge / Kitchen Diner - Kitchen is fitted with a matching range of base and eye level units and work top space over with stainless steel sink with single drainer, built in Smeg oven/hob and extractor hood, integrated fridge/freezer.
The lounge area is fitted with wooden style laminate flooring and has two UPVc double glazed windows overlooking the complex.
Master Bedroom - Double sized bedroom fitted with wooden style laminate flooring, UPVc double glazed window to rear aspect.
Shower Room - Fitted with a three piece suite comprising of walk in shower cubicle with tiled surround, pedestal wash hand basin, WC, Tiled flooring, Frosted double glazed window.
Leasehold Information - The vendor has informed us that there is a 250 year lease.
The vendor has informed us that the service charge payable is £500 per annum and the ground rent payable is £300 per annum.
The property also comes with a 10 year BLP warranty
Investor Information - Based on a sale at £115k and potential rental income of £595 pcm (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 £33,550 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £2,694 = 8.03% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross Yield 5.96%
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
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