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2 bedroom apartment for sale

Hargate Way, Hampton Hargate, Peterborough

Offers in Excess of £130,000

Property Description

Key features

  • Excellent transport links to City Centre
  • Close proximity to A1m
  • Two double bedrooms
  • En suite to master
  • Total floor area 66sqm

Full description

** INVESTMENT OPPORTUNITY ** Two bedroom first floor apartment - 4.54% pre tax income on £37,850 capital employed (based on 25% deposit and 2.49% int only loan inc managed fees - Gross Yield 5.32%


Entrance Hall - PVCu double glazed window to front, wall mounted radiator

Open Plan Lounge/ Kitchen Diner - 6.7m x 6.1m max (21'11" x 20'0" max ) - L shaped living area fitted with carpet.

tted with a matching range of base and eye level units, 1/12 stainless steal sink with drainer, Built in electric oven and four ring hob, space for fridge freezer and space and plumbing for washing machine, UPVC double glazed window to rear aspect, tiled flooring.

Master Bedroom - Double sized bedroom fitted with carpet, built in wardrobe, wall mounted radiator, UPVC double glazed window to rear aspect

En Suite - Fitted with a three piece suite comprising of a shower cubicle, low level WC and pedestal wash hand basin, wall mounted radiator.

Bedroom Two - Double sized bedroom fitted with carpet, wall mounted radiator, UPVC double glazed window to rear aspect

Bathroom - Fitted with a three piece suite comprising of a deep panelled bath, wash hand basin and WC, window to front

Outide - Secure allocated parking to the rear aspect

Leasehold Information - The vendor informs us there are 114 years remaining on the lease

Investor Information - Based on a sale at £130k and potential rental income of £600pcm (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 £37,850 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £1,717 = 4.54% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 5.32%

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

Listing History

Added on Rightmove:
04 November 2016


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194 Hargate Way - Fl
194 Hargate Way - Fl

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