Studio flat for salePrimrose Lodge, Primrose Street, Cambridge
- 17.4 sq m
- 187 sq ft
- Target Rent PCM £900
- Target Gross Yield 6.45%
- Anticipated completion academic year 2016
- 15 Minute walk to Cambridge City Centre
LAST OPPORTUNITY TO RESERVE *** Apartment 3 at Primrose Lodge is a brand new stylish and contemporary studio apartment. Please contact us to book your appointment 01733 511099
Primrose Lodge - Primrose Lodge is an exciting collection of contemporary apartments that have put student living at the forefront of design, with carefully considered layouts, modern fittings and excellent finish throughout. Every apartment has been specifically designed to make the most of natural light, interior space and outdoor areas. The development offers students the opportunity to be part of something a bit different, a luxurious new development of 30 high specification studio apartments situated in the heart of Cambridge.
Occupation will be for students enrolled in full time education at Anglia Ruskin University or the University of Cambridge.
Ensuring investor and student needs are met, a high specification has been used throughout with contemporary kitchens and modern shower rooms. All apartments provide double glazed windows, durable Karndean or similar flooring with sound-proofing properties, central heating thermostatic/timer controlled, fitted wardrobes with sliding mirror doors, 2 x double power outlets with USB charge point, low voltage LED lighting throughout, satin stainless steel door furniture and broadband, digitally compatible TV/FM aerial points. Fantastic communal areas are provided including a common room, landscaped gardens, secure cycle and bin store, car drop off point and luggage storage area. Primrose Lodge feels more like a home than a place of temporary accommodation.
Location - Situated in a no-through road, Primrose Lodge is located just a 15 minute walk from Cambridge city centre. It's just a short stroll from Jesus Green, Midsummer Common and the River Cam. A highly desirable spot perfect for student living.
Cambridge has a wide range of eating and shopping opportunities, from one off independents to big UK names.
Cambridge is a sociable city, and its cafs, brasseries, pubs and restaurants suit the contemporary lifestyle a student desires, whilst offering an abundance of charm and character through its stem of historic buildings and beautiful green land & rivers.
Cambridge railway station is less than 3 miles away and provides excellent transport links as well as frequent services from conventional buses and the guided bus. From Cambridge there are regular rail services direct to London King's Cross and London Liverpool Street.
Junction 13 of the M11 is two miles away by car, taking motorists directly into London to the South and to the A14,
which connects to the A1/M1 and the Midlands/North.
Leasehold Information - The property has a 250 year lease.
The ground rent is £250.00 per annum
The service charge is £752.22 per annum
Investor Information - Based on a sale at £175k and potential rental income of £825 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 £51,250 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £3,602 = 7.03% pre tax income on capital used (these assumptions include a service charge estimate and on fully managed service)
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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