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2 bedroom apartment for sale

Misterton Court, Orton Goldhay, Peterborough

Sold STC £97,500

Property Description

Key features

  • 125 YEAR LEASE FROM 2015
  • 6.05% RENTAL YIELD

Full description

***TWO DOUBLE BEDROOM APARTMENT*** Spacious, 19ft OPEN PLAN living space, this TWO double bedroom apartment is ideal for owner occupiers or investors. Situated walking distance from the recently refurbished Ortongate Shopping Centre as well as Bushfields Sports Centre, Orton Medical Centre, Ormiston Bushfields Academy, and Starbucks Drive Thru. The property is easily accessible from junction 17 of the A1M and only 6 miles from Peterborough City Centre and Train Station.
***View NOW before it's gone!***

Entrance Hallway - Fitted carpet, doors leading to:

Lounge/Kitchen/Dining Area - 5.626 x 5.825 max (18'5" x 19'1" max) - Lounge Area
Fitted carpet, wall mounted radiator, PVCu window.

Kitchen Area
Kitchen is fitted with a matching range of base and eye level units, built in electric oven, hob and extractor hood over, stainless steel sink with mixer tap, space for washer dryer and fridge freezer. Tiled Flooring.

Bedroom 1 - 4.197 x 2.832 max (13'9" x 9'3" max) - Fitted carpet, wall mounted radiator, built-in double wardrobe, UPVc window.

Bedroom 2 - 3.677 x 2.768 max (12'0" x 9'0" max) - Fitted carpet, wall mounted radiator, UPVc window.

Family Bathroom - Fitted three piece suite comprising of WC, wash hand basin and bath with shower over. Vinyl flooring.

Leasehold Information - The vendor has informed us there is 125 year lease started from 2014.

The service charge payable is £1000 per annum.
The ground rent payable is £50 per annum.

Investor Information - Based on a sale at £107,500 and potential rental income of £565pcm (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 £31,450 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £2,367 = 7.53% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 6.05%

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:
22 February 2018

Map & Street View

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