2 bedroom apartment for sale

Riverview House, Peterborough

£150,000

Property Description

Key features

  • Tenant in situ
  • Walking distance to city centre
  • Close to large supermarket
  • Allocated parking
  • Underfloor heating
  • Gross Yield - 7.01%
  • 55m2

Full description

BTL - 2 Bed City Centre - 9.23% pre tax income on £43.9k capital employed (based on 25% deposit and 2.99% int only loan and self managed) - Gross Yield 5.18%. Sold with property history. First floor apartment, communal parking close to local amenities, walking distance to the city centre.

Communal Entrance - Video entrance system, elevator and stairs to floors, ceramic tiled flooring, hardwood door to:

Entrance Hall - Built-in storage cupboard, built-in airing cupboard, under floor heating, video entry phone, coving to ceiling with recessed ceiling spotlights, doors to:

Lounge/Dining Area - Under floor heating, telephone point, TV point, satellite TV point, PVCu double glazed windows with a juliet balcony

Kitchen Area - Fitted with a matching range of base and eye level units with worktop space over, 11/4 bowl sink unit with single drainer, stainless steel swan neck mixer tap and tiled splash backs, built-in automatic washing machine, space for fridge/freezer, built-in electric fan assisted oven, built-in four ring ceramic hob with extractor hood over, under floor heating with recessed ceiling spotlight.

Master Bedroom - Double sized bedroom, PVCu double glazed window to front, built-in double wardrobe with hanging rail and overhead storage, coving to ceiling, door to:

Bedroom Two - Double sized bedroom, Under floor heating, coving to ceiling.

Bathroom - Fitted with three piece white suite comprising deep panelled bath with shower over, pedestal wash hand basin and low-level WC, tiled splash backs, heated towel rail, electric fan heater, extractor fan, coving to ceiling.

Outside - One allocated parking space.

Leasehold Information - The vendor has informed us that there is 125 years remaining on the lease.

The vendor has informed us that the service charge payable is £950 per annum and the ground rent payable is £250 per annum.

Investor Information - Based on a sale at £150k and potential rental income of £675 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 £43,850 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £4,049 = 9.23% pre tax income on capital used (these assumptions include service charges estimate are on a self managed tenancy)
- Gross Yield - 5.18%

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

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
11 November 2016

Nearest station

  • Peterborough (0.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Belvoir, Peterborough - Sales

1022 Lincoln Road, Peterborough, PE4 6AS

01733 663025 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Peterborough (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Belvoir, Peterborough - Sales

1022 Lincoln Road, Peterborough, PE4 6AS

01733 663025 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26630025. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Belvoir, Peterborough - Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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