5 bedroom block of apartments for sale

March Road, Coates, Whittlesey, Peterborough

Sold STC £330,000

Property Description

Key features

  • CONVERTED PROPERTY
  • x3 ONE BEDROOM APARTMENTS
  • x1 TWO BEDROOM APARTMENT
  • VILLAGE LOCATION
  • OFF ROAD ALLOCATED PARKING
  • ACCESSIBLE FOR THE A605
  • FINISHED TO A PROFESSIONAL STANDARD
  • HIGH POTENTIAL RENTAL YIELD
  • EXCELLENT RENTAL OPPORTUNITY
  • SOLD WITH FREEDHOLD

Full description

THE OLD MILL HAS BEEN BEAUTIFULLY CONVERTED INTO 4 INDIVIDUAL APARTMENTS. Situated in the country village of Coates near Peterborough and easily accessible from the A605, the property consists of 3 One Bedroom apartments and 1 Two bedroom apartment. Finished to a professional standard and benefiting from allocated parking, all FOUR apartments and the FREEHOLD are being sold as a COMPLETE PACKAGE and have EXCELLENT potential rental yields.

Communal Entrance Hallway - Accessible from the front or rear of the property, the communal entrance leads you through to Apartments 1 and 2 with stairs leading to the first floor with access to apartments 3 and 4

Apartment One -

Open Plan Kitchen & Lounge - 3.996m x 4.282m max (13'1" x 14'0" max) - Lounge:
UPVC window to the side aspect, wall mounted electric radiator.

Kitchen:
Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink, plumbing for washing machine, integrated electric over, electric hob with extractor hood oven, UPVC window to the rear aspect.

Bedroom - 2.281m x 4.271m max (7'5" x 14'0" max) - Double Bedroom, UPVC window to the front aspect, wall mounted electric radiator.

Shower Room - Fitted with matching three piece suite comprising of shower, wash hand basin and WC, frosted UPVC window to the side aspect, tiled flooring and heated towel rail.

Apartment Two -

Open Plan Kitchen & Lounge - 4.001m x 4.135m max (13'1" x 13'6" max) - Lounge:
UPVC window to the rear aspect, wall mounted electric radiator.

Kitchen:
Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink, plumbing for washing machine, space for under counter fridge freezer, integrated electric oven, electric hob with extractor hood over, UPVC window to the side aspect.

Bedroom - 2.309m x 4.134m max (7'6" x 13'6" max) - Double Bedroom, UPVC window to the front aspect, wall mounted electric radiator.

Shower Room - Fitted with matching three piece suite comprising of shower, wash hand basin and WC, tiled flooring and heated towel rail.

Apartment Three -

Open Plan Kitchen & Lounge - 3.931m x 4.101m max (12'10" x 13'5" max ) - Lounge:
Fitted carpet, UPVC window to the side aspect, wall mounted electric radiator.

Kitchen:
Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink, plumbing for washing machine, integrated electric oven, electric hob with extractor hood over, UPVC window to the rear aspect, vinyl flooring.

Bedroom - 2.305m x 4.069m max (7'6" x 13'4" max) - Double Bedroom, fitted carpet, UPVC window to the front aspect, wall mounted electric radiator.

Shower Room - Fitted with matching three piece suite comprising of shower, wash hand basin and WC, frosted UPVC window to the side aspect, tiled flooring and heated towel rail.

Apartment Four -

Open Plan Kitchen & Lounge - 3.924m x 4.259m max (12'10" x 13'11" max) - Lounge:
Fitted carpet, UPVC window to the rear aspect, wall mounted electric radiator.

Kitchen:
Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink, plumbing for washing machine, integrated electric oven, electric hob with extractor hood over, UPVC window to the side aspect, vinyl flooring.

Bedroom One - 2.295m x 4.266m max (7'6" x 13'11" max) - Double Bedroom, fitted carpet, UPVC window to the front aspect, wall mounted electric radiator.

Bedroom Two - 2.072m x 2.131m max (6'9" x 6'11" max ) - Single Bedroom, fitted carpet, UPVC window to the front aspect, wall mounted electric radiator.

Shower Room - Fitted with matching three piece suite comprising of shower, wash hand basin and WC, tiled flooring and heated towel rail.

Parking - ONE off road allocated parking space per apartment.

Investor Information - Based on a sale at £330k and potential rental income of £2090pcm (please note that these figures are an illustration based on an average buy to let mortgage and deposit and actual costs may vary)
(Apt 1 - £495 pcm / Apt 2 - £525 pcm / Apt 3 - £495 pcm / Apt 4 - 575 pcm)
- 75% loan assuming standard BTL loan of 2.49% (interest only)
- Capital used £100,250 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £18,768 = 18.72% pre tax income on capital used (these assumptions are based on a self managed service)
- Gross Yield 7.21%

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:
25 June 2018

Nearest stations

  • Whittlesea (2.1 mi)
  • Peterborough (7.6 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 Sales, 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?

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Floorplans


To view this property or request more details, contact:

Belvoir Sales, 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 stations

  • Whittlesea (2.1 mi)
  • Peterborough (7.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Belvoir Sales, 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 27979255. 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 Sales, 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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