2 bedroom apartment for sale

Misterton Court, Orton Goldhay, Peterborough

Offers in Excess of £105,000

Property Description

Key features

  • Ready Made Buy to Let
  • Tenants in Situ
  • Duplex Aparment
  • Open Plan Living Space
  • Easyily Accessible from Junction 17 of the A1
  • 55sqm
  • Walking distance to Ortongate Shopping Centre
  • Walking distance to Refurbished Ormiston Bushfields Academy for 11-18 year olds
  • 2 minute walk to Bushfields Sports Centre

Full description

***Ready Made Buy to Let Opportunity***
DUPLEX Apartment with spacious 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.
15.76% pre tax income on £27,500 capital employed (based on 25% deposit and 2.49% int only loan self managed inc service/ground rent charges) - Gross Yield 6.89%.

Location - The Orton Centre is located just three miles from central Peterborough and within close proximity to the Lynch wood Business Park. The complex is located above shops and offers a range of facilities including a co-op supermarket,

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 lounge and stairs leading first floor

Bathroom - Fitted three piece suite comprising of WC, wash hand basin and bath with shower over. Vinyl flooring.

Open Plan Lounge / Kitchen - 4.15 x 5.638 / 2.758 x 2.419 max (13'7" x 18'5" / - Lounge is fitted with carpet, Three windows to rear.

Kitchen is fitted with a matching range of base and eye level units, built in electric oven, hob and extractor hood over. Space for washer dryer and fridge freezer

First Floor - Landing with fitted carpet, doors leading to master bedroom and bedroom two.

Master Bedroom - 3.040 x 3.511 (9'11" x 11'6") - Fitted with carpet, Velux window to rear.

Bedroom Two - 2.567 x 3.511 (8'5" x 11'6") - Fitted with carpet, velux window to rear.

Investor Information - Based on a sale at £105k and potential rental income of £610 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 of 2.49% (interest only)
- Capital used £27,500 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £4,334 = 15.76% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 6.89%

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:
06 October 2015

Nearest station

  • Peterborough (3.1 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Belvoir, Peterborough - Sales

1022 Lincoln Road, Peterborough, PE4 6AS

01733 663025 Local call rate

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Nearest station

  • Peterborough (3.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Belvoir, Peterborough - Sales

1022 Lincoln Road, Peterborough, PE4 6AS

01733 663025 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 25855816. 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.

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