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2 bedroom apartment for sale

Burton Court, Peterborough


Property Description

Key features

  • Ready Made BTL
  • Tenants in Situ
  • Central Peterborough Location
  • Council Tax band A
  • Open Plan Kitchen and Lounge
  • Total Floor Plan 56sqm
  • 10 minute walk to Vivacity Regional Fitness and Swimming Centre

Full description

Central Peterborough Apartment only a short walk from the historic Peterborough Cathedral. Situated on a quiet cul de sac location and only 10 minute walk to the Key Theatre & Vivacity Regional Fitness and Swimming Centre. This property has everything on offer including 18Ft LOUNGE Area.

Hall - Laminate flooring. Door leading to

Lounge - 5.52m x 2.78m max (18'1" x 9'1" max) - PVCu sealed unit double glazed window to side, PVCu sealed unit window to side, PVCu sealed unit double glazed window to rear, fitted carpet, open plan to:

Kitchen - 2.69m x 2.67m max (8'9" x 8'9" max) - Fitted with a matching range of base and eye level units, stainless steel sink, plumbing for washing machine, space for fridge/freezer with built-in electric fan assisted ove, built-in four ring creamic hob with extractor hood over, PVCu sealed unit double glazed window to rear.

Bedroom 1 - 4.34m x 2.48m max (14'2" x 8'1" max) - PVCu sealed unit double glazed window to side, PVCu sealed unit double glazed window to front, fitted with carpet.

Bedroom 2 - 3.38m x 1.82m max (11'1" x 5'11" max) - PVCu sealed unit double glazed window to front.

Bathroom - Fitted with three piece suite comprising deep panelled bath, pedestal wash basin with fitted electric shower over and WC, tiled splashbacks, vinyl flooring, door to Airing cupboard.

Leasehold Information - The Vendor has informed us the lease remaining on the property is 72 years. (Start Date June 1989).

Service Charge: £41.66 per month

Ground Rent: £100 per year

Investor Information - Based on a sale at £82k and potential rental income of £525 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 £24,310 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £2,771 = 11.40% pre tax income on capital used (these assumptions include a maintenance estimate, service charge and ground rent fees and on a fully managed service)
- Gross Yield - 7.34%

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

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
05 May 2016

Map & Street View

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