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1 bedroom apartment for sale

Castlepoint, Lincoln Road, Peterborough

Sold STC £85,000

Property Description

Key features

  • Total floor area: 44m
  • 1st floor apartment
  • INVESTMENT OPPORTUNITY
  • Allocated parking
  • Convenient for local amenities

Full description

***READY MADE BUY TO LET WITH LONG TERM TENANT IN SITU***

One bedroom GROUND FLOOR apartment benefiting from SECURE PRIVATE ENTRANCE situated in the popular location of Walton. Excellent transport links to the city centre and within close proximity to local amenities. POTENTIAL GROSS YIELD OF 6% +

Entrance Hall - Secure private entrance leading to entrance hall with fitted carpet and door leading to;

Open Plan Kitchen/Living Area - 23.8 x 9.10 max (78'1" x 29'10" max) - Fitted with a matching range of base and eye level units with worktop space over, built-in, washing machine, fitted electric oven, gas hob with extractor hood over, PVCu double glazed window to side, vinyl flooring.

The living area benefits from a fitted carpet with dual aspect uPVC windows

Bedroom - 13.1 x 8.5 max (42'11" x 27'10" max) - Double sized bedroom with fitted carpet and uPVC window to rear

Bathroom - Fitted with three piece suite comprising of bath with shower over., pedestall wash hand basin and WC, fitted carpet

Leasehold Information - We have been advised by the vendor that there are 997 years remaining on the lease.

We have been advised by the vendor that they currently pay £81 in ground rent every 6 months and £580 service charge every 6 months.

Investor Information - Based on a sale at £90k 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 of 2.49% (interest only)
- Capital used £27,950 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £1,364 = 4.88% pre tax income on capital used (assuming self-managed and including a maintenance estimate)
- Gross Yield 6.38%

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

Listing History

Added on Rightmove:
11 October 2016

Floorplans

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