1 bedroom apartment for salePurbeck Road, Cambridge
Sold STC £210,000
- STUDENT ONLY ACCOMMODATION
- HIGHLY SOUGHT AFTER LOCATION
- Total floor area: 32m²
Full description**INVESTMENT OPPORTUNITY** Situated in the thriving city of CAMBRIDGE within close proximity to the Cambridge university this superb one bedroom apartment offers a projected 5% gross Yields and a strong potential for CAPITAL GROWTH. The apartment is fully let on a 12 month contract achieving £1100 per calendar month.
Purbeck House - A modern luxury student only apartment in a prime location near to the train station and the University. The Location of the apartment block is at the bottom of Hills road, a 5 minute walk from Hills Road Sixth Form College and 15 Minute walk from city centre and Anglia Ruskin University. It is a 5 min walk from Cambridge Leisure Centre which has restaurants, a cinema and a bowling alley. The complex provides secure accommodation with security gates, coded entrance to all buildings, and an on site warden.
Entrance Hall - Fitted carpet, door to:
Kitchen/Lounge Area - 5.00m x 2.42m max (16'4" x 7'11" max) - Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink with single drainer and mixer tap, integrated fridge and slimline dishwasher, built-in electric oven, built-in ceramic hob with pull out extractor hood over, window to side, fitted carpet.
LOUNGE AREA 5.00m (16'5") x 2.42m (7'11"):
Bedroom One - 1.78m x 1.45m max (5'10" x 4'9" max) - Window to side, fitted carpet, double door, door to storage cupboard
Shower Room - Shower, wash hand basin and WC, vinyl flooring.
Fixtures And Fittings At An Additional Cost Of £30 - The fixtures and fittings included in this £3000 is the following:
2 seater sofa
Desk with chair
Table and 2 chairs
Double bed frame
Leasehold Information - We have been advised by the vendor that there are 118 years remaining on the lease.
The vendor currently pays an annual ground rent charge of £200 per annum and £1,254 service charge per annum.
Investor Information - Based on a sale at £215k and currently achieving a rental income of £1100 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 at 2.49% (interest only)
- Capital used £63,350 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £7,676= 12.12% pre tax income on capital used (these assumptions include a maintenance estimate, service charge and ground rent payments and is on a fully managed service)
-Gross yield 5.88%
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, or alternatively ask us and we will verify the information for you. All measurements quoted are approximate. These Particulars do not constitute a contract or part of a contract
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