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1 bedroom apartment for sale

Castlepoint, Lincoln Road, Peterborough

Sold STC £85,000

Property Description

Key features

  • 1st floor apartment
  • Allocated parking
  • Total floor area: 44m
  • Close to Morrisons & Brotherhood Retail Park
  • Convenient for Peterborough City Centre
  • Close to Peterborough City Hospital

Full description

Central 1 Bedroom apartment benefiting from PVCu double glazed windows, allocated parking, walking distance from Morrisons, Brotherhood retail park and close to Peterborough City Hospital and City Centre.

Entrance Hall - Entrance hall with coir matting and fitted carpet and door leading to;

Open Plan Kitchen/Living Area - 23.8 x 9.10 max (78'1" x 29'10" max) - The kitchen area is fitted with a matching range of base and eye level units, worktop space over and a 1/ 1/2 stainless steel sink. It has built in cooking appliances, integrated washing machine and space for a fridge freezer. There are uPVC windows to to the front,

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 side

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

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 £468 service charge every 6 months.

Investor Information - Based on a sale at £89k 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 of 2.49% (interest only)
- Capital used £26,270 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £26,270 = 8.15% pre tax income on capital used (assuming self-managed and including a maintenance estimate)
- Gross Yield 6.77%

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 November 2013

Floorplans

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