Studio flat for salePurbeck Road, Cambridge
Offers in Region of £220,000
- Total floor area 33sqm
Full descriptionLOOKING FOR A READY MADE INVESTMENT OPPORTUNITY? Look no further! Belvoir are delighted to present to you this fantastic opportunity to acquire this ONE BEDROOM STUDIO situated in a prime location near to the train station and Universities. The apartment is a 5 minute 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.
Purbeck House - Purbeck House is a contemporary student only complex situated within close proximity to the Cambridge train station and the University off Hills road, a short stroll from Hills Road Sixth Form College, Cambridge Leisure Centre and 15 Minute walk from city centre and Anglia Ruskin University. The complex provides secure accommodation with security gates, coded entrance to all buildings, and further benefits from an on site management team.
Open Plan Lounge / Kitchen - Open plan lounge kitchen area
Bedroom - 5.7m x 5.0m max (18'8" x 16'4" max ) - Two windows to rear, fitted carpet, door to:
Bathroom - Fitted with three piece suite comprising of walk in shower cubicle, wash hand basin and low-level WC, fitted with vinyl flooring.
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 £220k and potential rental income of £1110pcm (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 £64,850 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £5,366 = 8.27% pre tax income on capital used (these assumptions include a maintenance estimate)
-Gross yield 5.74%
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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