1 bedroom flat for saleStagshaw Drive, Peterborough
Sold STC £70,000
- Total floor area 42sqm
- Council tax band A
Full description*** CITY LIVING *** Belvoir are delighted to present this newly refurbished ONE BEDROOM apartment situated within easy reach of the Peterborough City Centre. This first floor apartment benefits from ALLOCATED PARKING and a SECURE ENTRY SYSTEM.
Ideal investment opportunity with potential rental yields of 8% +
Location - Fletton is a residential area located on the outskirts of the Peterborough City Centre which benefits from a range of local amenties as well as a good choice of local schooling. The area further benefits from excellent transport links accross the City.
Entrance Hall - Fitted carpet, electric heater, doors leading to bedroom, bathroom and;
Lounge / Diner - 4.7m x 3.5m max (15'5" x 11'5" max ) - Hardwood sealed unit glazed window to side and rear, fitted carpet, door to:
Kitchen - 1.6m x 1.5m max (5'2" x 4'11" max ) - Fitted with a matching range of base and eye level units with worktop space over, 11/2 bowl stainless steel sink unit with single drainer and mixer tap, fridge, plumbing for washing machine, fitted electric fan assisted double oven, built-in four ring electric hob with extractor hood over, hardwood sealed unit glazed window to rear, vinyl flooring, door to airing cupboard.
Bedroom - 4.1m x 3.2m max (13'5" x 10'5" max ) - Double sized bedroom fitted with carpet, hardwood sealed unit glazed window to rear, Electric heater
Bathroom - Fitted with a three piece suite comprising panelled bath with electric shower over, pedestal wash hand basin and WC, tiled surround, vinyl flooring.
Leasehold Information - The vendor has informed us the property has 97 years remaining on the lease.
The ground rent and service charges for the property are £1,224 annually.
Investor Information - Based on a sale at £70k and potential rental income of £495pcm (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 £20,950 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £1,578 = 7.53% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 8.09%
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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