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2 bedroom apartment for sale

Hargate Way, Hampton Hargate, Peterborough

Sold STC £120,000

Property Description

Key features

  • Total floor area: 64m
  • Tenant in situ
  • En suite to Master
  • Furniture Included in sale
  • Close to Serpentine Green Shopping Centre
  • Close to the A1
  • Viewing Highly Recommended

Full description

**BTL INVESTOR OPPORTUNITY OR OWNER OCCUPIERS**
2 Bedroom apartment, situated in Hampton Hargate within walking distance of Serpentine Green Shopping Centre, and has easy access for the A1. The property is being sold furnished and benefits from PVCu windows throughout and en-suite to master bedroom.
8.28% pre tax income on £34,950 capital employed (based on 25% deposit and 2.49% int only loan and managed) - Gross Yield 6.24%.

Communal Entrance - Intercom system.

Second floor apartment.

Entrance Hall - Fitted carpet, door to Storage cupboard, door to:

Kitchen - 2.069 x 2.382 max (6'9" x 7'9" max) - Fitted with a matching range of base and eye level units with worktop space over, 11/2 bowl stainless steel sink, built-in fridge/freezer and washing machine, fitted electric oven, four ring electric hob with pull out extractor hood over, tiled flooring.

Lounge Diner - 4.461 x 4.341 max (14'7" x 14'2" max) - Fitted carpet with PVCU windows to the front aspect.

Master Bedroom - 4.657 x 3.368 max (15'3" x 11'0" max) - Double bedroom, fitted carpet and door leading to;

En-Suite - Fitted with a three piece suite comprsing of wash hand basin, WC and shower cubicle.

Bedroom Two - 3.170 x 3.020 max (10'4" x 9'10" max) - Double bedroom with fitted carpet

Family Bathroom - Fitted with a three piece suite comprising of wash hand basin, WC and bath.

Outside - secure elctric gated communal allocated parking to the rear

Leasehold Information - The property is Leasehold.

The vendor has informed us that there is a 118 years remaining on the lease.

The vendor has informed us that the service charge payable is £986 per annum (1st Jan-31st Dec) and the ground rent payable is £100 per annum. (1st Jan - 31st Dec)

Furniture Included In The Sale - 1 X DOUBLE BED
1 X WARDROBE
1 X CHEST OF DRAWERS
2 X BEDSIDE CABINET
2 X LAMPS
2 X LEATHER SOFA
1 X DINING TABLE
4 X DINING CHAIRS
1 X TV CABINET
1 X DVD TOWER
1 X BOOKCASE
1 X SINGLE BED
1 X CHEST OF DRAWERS
1 X BEDSIDE CABINET
1 X LAMP

Investor Information - Based on a sale at £120k and potential rental income of £650 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 £34,950 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £2,895 = 8.28% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross Yield 6.24%

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:
20 August 2014

Map & Street View

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