1 bedroom apartment for saleGuthrie House, Bretton Green, Peterborough
- 65 sqm
- 700 sqft
- Brand new apartment
- 250 Year lease
- Allocated parking
- Gas central heating
LOOKING TO BUILD YOUR PROPERTY PORTFOLIO? Belvoir are delighted to present this BRAND NEW north facing apartment located just a 10 minute walk from the Peterborough City Hospital offering 7.41% RETURN ON CAPITAL INVESTED and a strong rental demand
7.41% pre tax income on £43,750 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/Study Area - 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.
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 £150k 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 £43,750 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £3,240 = 7.41% 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
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