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1 bedroom apartment for sale

Swale Avenue, Peterborough

Sold STC £75,000

Property Description

Key features

  • Ready Made BTL
  • TT in situ
  • Total Floor Area: 49sqm
  • Private Garden
  • Gas Central Heating
  • UPVC Windows

Full description

**Ready made BTL Investment** One bedroom apartment with tenants in situ.
Benefits from its own private garden, new boiler, gas central heating, UPVC window's and small outdoor storage cupboard.
11.76% pre tax income on £22,350K capital employed (based on 25% deposit and 2.49% interest only loan and fully managed) - Gross Yield 7.40%

Entrance Hallway - Fitted carpet, double door to cupboard, doors leading to:

Lounge - 14,10 x 10,8 (45'11",32'9" x 32'9",26'2") - PVCu double glazed window to the front aspect, fitted carpet, feature fireplace.

Kitchen - 15,4 x 8,3 (49'2",13'1" x 26'2",9'10") - Fitted with a matching range of base and eye level units with worktop space over, a 1 1/2 bowl stainless steel sink and a free standing cooker. There is also space for a fridge & freezer and plumbing for a washing machine. The kitchen has a PVCu double glazed window to rear laminate flooring, door to storage cupboard.

Bathroom - Fitted with three piece suite comprising panelled bath and with shower over, PVCu double glazed window to the rear aspect, vinyl flooring.

Bedroom - 12,10 x 11,6 (39'4",32'9" x 36'1",19'8") - PVCu double glazed window to front aspect , fitted carpet.

Leasehold Information - The Vendor informs us that there is 113 years remaining on the lease.

- Service Charge: £450 per annum
- Ground Rent: £10 per year

Investor Information - Based on a sale at £75k and potential rental income of £485 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 of 2.49% (interest only)
- Capital used £22,350 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £2,629 = 11.76% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross Yield 7.40%

Agents Note - Photographs - These photos are for general guidance only and were taken before the current tenant moved in Feb 2014. Buyers must therefore view the property themselves before placing an offer.

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:
16 August 2016

Floorplans

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Floorplan - 16 Swale
Floorplan - 16 Swale

Map & Street View

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