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2 bedroom apartment for sale

Vale Drive, Hampton Vale, Peterborough

Offers in Excess of £125,000

Property Description

Key features

  • Total floor area 58sqm
  • Council tax band A
  • Electric heating
  • Pvcu double glazed windows

Full description


Two bedroom apartment situated in the sought after location of Hampton Vale. SECURE ALLOCATED PARKING and INTERCOM SYSTEM. The property further benefits from being sold with NO FORWARD CHAIN.

Location - The Hampton's are situated to the South of Peterborough and offers a range of schooling options, a variety of facilities including a selection of Restaurants, a Leisure Centre as well as the popular Serpentine Green shopping Centre. The area further benefits from being within close proximity of the historic cathedral city of Peterborough.

Entrance Hall - Secure entry system and stairs leading through to the entrance of the property.

Upon entry to the property there is a storage cupboard and doors leading to Family Bathroom, Two bedrooms and;

Lounge - PVCu double glazed window to front aspect, PVCu double glazed window to side aspect, feature electric fire with wooden surround, fitted with laminate flooring.

Master Bedroom - Double bedroom, PVCu double glazed window to front aspect, fitted with carpet.

Bedroom Two - Good sized single room, PVCu double glazed window to front aspect, fitted with carpet.

Family Bathroom - Fitted with a three piece suite comprising of panelled bath with independent shower over, wash hand basin, low level WC and window to side aspect

Outside - To the rear of the property is a garage and two allocated parking spaces.

Leasehold Information - The vendor informs us that the Leasehold had 125 years from 2003. So there is 112 years remaining.
The service charge is: £1137 from 1st April through to 31st March
The Ground rent is: £125 per year payable in November and May in two installments of £62.50

Investor Information - Based on a sale at £125k and potential rental income of £595pcm (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 £36,350 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £1,807 = 4.97% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 5.49%

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

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
15 July 2016

Map & Street View

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