2 bedroom apartment for salePark Road, Peterborough
Sold STC £167,000
** SECURE ALLOCATED PARKING** Stunning two bedroom apartment situated at the heart of the historic City of Peterborough. LAST REMAINING TWO BED on the third floor. CALL US TODAY TO BOOK A VIEWING ON 01733 511099
Welcome To Geneva House - Geneva House, is a superb collection of contemporary city centre apartments, adjacent to Beales Departments Store and Queensgate shopping Centre. It is just 500 metres to Peterborough Station, giving access for commuters to Central London (Kings Cross) in just 45 minutes. Each apartment has been carefully thought out by the design team to maximise the effective use of light, space and functionality. The high quality fittings and attention to detail are evident throughout. All apartments exude luxury with bespoke high end German kitchens by Nieburg, SMEG appliances and bathrooms, are superbly appointed with Salgar vanity units and designer porcelain tiles.
Ready To Move In - Everything has been thought of to ensure owners can enjoy their apartment from day one. From the wireless entry phone system allows remote access via your phone, to the internal wiring that means owners have all the infrastructure in place for phone, internet, cable or satellite tv. The developers wanted to create the genuine finished article for owners so there are bespoke built in wardrobes, all made to measure to every bedroom and items that are often extras like carpets are included as standard.
Communal Entrance - The exterior of the building has had every window replaced with high end Aluminium windows that with their narrow frames maximise the natural light.
The communal areas have been designed to create an impressive entrance to owners and their guests. There is new modern lift and and a feature staircase to all floors. The secure parking area is accessed via electronic wrought iron gates with a fob entry system for owners. There is secure covered bike storage for owners.
Entrance To Apartment - Entrance into the apartment is greeted with laminate flooring and oak doors and corridor leading to open plan kitchen/living area, two bedrooms, family bathroom and storage cupboard.
Open Plan Kitchen Living Area - The open plan living area has thoughtfully been designed to allow for a kitchen area fitted with a matching range of base and eye level units built in kitchen appliances which include a SMEG oven and induction hob and slimline dishwasher.
The lounge area benefits from two windows to the front.
Master Bedroom - The double bedroom has a bespoke fitted wardrobe, fitted carpet, a door leading to the en-suite
En Suite To Master - The en-suite is fitted with a shower, salgar vanity units, heated towel rail, mirror and porcelain tiles.
Bedroom Two - The second bedroom is fitted with carpet and built in wardrobe with two windows to front
Family Bathroom - The bathroom has a salgar or Hudson Reed vanity units complemented by Milan Basin and Bath Taps and Showers. Stylish Saneux I line WCs is fitted and the sleek porcelain and mosaic tiles complete a modern and impressive suite
Parking - One allocated parking space in a secure gated entrance
Leasehold Details - The property has a brand new lease of 125 years.
The ground rent is £250 per annum
The service charge is £650 per annum
Investor Information - Based on a sale at £167k and potential rental income of £800pcm (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 at 2.49% (interest only)
- Capital used £48,950 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £3,388 = 6.92% pre tax income on capital used (these assumptions include service and ground rent fees and on a managed serviced)
- Gross yield 5.51%
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