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2 bedroom block of apartments for sale

Oundle Road, Peterborough

Sold STC £245,000

Property Description

Key features


Full description

** FREEHOLD INVESTMENT OPPORTUNITY** Fantastic opportunity to aquire this centrally located period property which has been converted in to two modern apartments. Sold with long term tenants in situ.

Apartment A - Two bedroom ground floor apartment comprising of lounge with feature fireplace, fully fitted kitchen, Master bedroom with an en-suite shower room and french doors leading out to the patio area, bedroom two is a double bedroom with bay window to the front aspect. The bathroom fitted with a three piece suite comprising of shower cubicle, wash hand basin and WC.

Apartment B - One bedroom first floor apartment, lounge with feature fireplace, fully fitted kitchen, bathroom fitted with three price suite comprising of Jacuzzi spa bath, pedestal wash hand basin and WC, double sized bedroom, gas central heating.

Agents Note - PLEASE NOTE tax efficient earnings and transfer are possible though corporate ownership

Investor Information - Based on a sale at £245k and potential rental income of £1195 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 £72,350 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £7,102 = 8.53% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 5.60%

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. 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:
28 October 2016

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