This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

2 bedroom apartment for sale

Park Road, Peterborough

Sold STC £90,000

Property Description

Key features

  • **CASH PURCHASE ONLY**
  • Total floor area: 570sqft
  • Walking Distance to Peterborough Train Station
  • City Centre
  • Allocated Parking
  • Walking distance to popular Restaurants & Bars

Full description

INVESTMENT OPPORTUNITY OFFERING POTENTIAL YIELDS OF 7% +.

Two bedroom apartment situated in the City Centre of Peterborough. Secure allocated parking, close proximity to the city train station.

Communal Entrance - Shared communal area with indivual post boxes and corridor leading to stairs which take you to the first floor corridor with access to all 6 apartments:

Apartment 6 -

Entrance Hall - Entrance hall has fitted carpet and doors leading:

Kitchen/Lounge - 5.862 x 5.104 max (19'2" x 16'8" max) - The fitted kitchen has a matching range of base and eye level units and work top space over. 1 1/2 stainless steel sink, and plumbing for washing machine. The kitchen has a built in electric oven and hob and an integrated fridge freezer. Tiled flooring on the kitchen area and carpet for the lounge area. The lounge area has two floor ceiling sash windows.

Master Bedroom - 2.941 x 3.128 max (9'7" x 10'3" max) - The master bedroom has fitted carpet and a double glazed window to rear

Bedroom Two - 3.888 x 2.657 max (12'9" x 8'8" max) - Bedroom with fitted carpet with double glazed window to rear

Family Bathroom - Fitted with a three piece suite compromising of wash hand basin, WC and deep panelled bath with hand held shower.

Outside - PARKING: The property comes with secure parking, with one allocated space.

bike storage available

Bin storage

Leasehold Information - The property has a 125 year lease started from 01 Jan 2014

Service charge: £700 per annum (1st April '17 - 31st Mar '18)
Insurance charge: £142.66 per annum (1st April '17 - 31st Mar '18)
Ground Rent: 100 per annum

Investor Information - Based on a sale at £90k and potential rental income of £625pcm (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 £23,850 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £4,675 = 19.60% pre tax income on capital used (these assumptions include service/building insurance costs and on a self managed basis)
- Gross Yield 8.21%

Belvoir Disclaimer - THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER BELVOIR PETERBOROUGH NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
24 July 2014

Map & Street View

Disclaimer - Property reference 25077551. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Belvoir, Peterborough - Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.