1 bedroom apartment for saleMisterton Court, Orton Plaza, Peterborough
- Ready Made Buy to Let
- Tenant in situ
- Sold with property history
- Close to Busfields Sports Centre
- Stones throw from Ortongate Shopping Centre
- Easy Access from Junction 17 of the A1
- Walking Distance to Busfields Medical Centre
- Total Floor Area: 44sqm
***Ready Made Buy to Let Opportunity***
Open plan living, situated walking distance from the recently refurbished Ortongate Shopping Centre as well as Bushfields Sports Centre, Orton Medical Centre and Ormiston Bushfields Academy. The property is easily accessible from junction 17 of the A1.
Communal Entrance - Secure coded entrance, with stairs leading to first floor
Apartment Entrance Hall - Entrance hall into the apartment is fitted with carpet and has doors leading to storage cupboard and;
Kitchen Area - 2.407 x 1.894 max (7'10" x 6'2" max) - Fitted Kitchen with a range of base and eye level units, built in electric oven, hob and extractor hood over. Washer dryer and fridge freezer included. Large storage cupboard, Open plan to:
Lounge - 5.791 x 2.856 max (18'11" x 9'4" max) - Lounge is fitted with carpet and window to rear;
Master Bedroom - 4.484 x 2.751 max (14'8" x 9'0" max) - Double bedroom with fitted Carpet and window to rear. The bedroom also benefits from a large built in wardrobe
Bathroom - Fitted three piece suite comprising of WC, wash hand basin and bath with shower over. Vinyl flooring.
Investor Information - Based on a sale at £82,500k and potential rental income of £500pcm (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 £24,450 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £2,098 =8.58% pre tax income on capital used (these assumptions include a service charge and ground rent charges)
- Gross Yield - 6.95%
Leasehold Information - The vendor has informed us there is 125 years remaining on the lease.
The service charge and ground rent payable is £1000 per annum.
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, or alternatively ask us and we will verify the information for you. All measurements quoted are approximate. These Particulars do not constitute a contract or part of a contract
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