Belvoir Peterborough
Call us today on 01733 321500

Lincoln Road, Walton, Peterborough, PE4 6AL

1 Bed Apartment For Sale

Guide Price £95,000

Key Information

Price Guide Price £95,000
Status For sale
Bedrooms 1
Bathrooms 1
Receptions 1
Style Apartment
Mortgage Costs Mortgage Calculator

Features

  • Total floor area: 44m²
  • 1st floor apartment
  • INVESTMENT OPPORTUNITY
  • Allocated parking
  • Convenient for local amenities

Additional Information

***READY MADE BUY TO LET WITH TENANT IN SITU***

One bedroom GROUND FLOOR apartment benefiting from SECURE PRIVATE ENTRANCE situated in the popular location of Walton. Excellent transport links to the city centre and within close proximity to local amenities. POTENTIAL GROSS YIELD OF 6% +
Entrance Hall
Secure private entrance leading to entrance hall with fitted carpet and door leading to;
Open plan kitchen/living area 23.8 x 9.10 max (78'1" x 29'10" max)
Fitted with a matching range of base and eye level units with worktop space over, built-in, washing machine, fitted electric oven, gas hob with extractor hood over, PVCu double glazed window to side, vinyl flooring.

The living area benefits from a fitted carpet with dual aspect uPVC windows
Bedroom 13.1 x 8.5 max (42'11" x 27'10" max)
Double sized bedroom with fitted carpet and uPVC window to rear
Bathroom
Fitted with three piece suite comprising of bath with shower over., pedestall wash hand basin and WC, fitted carpet
Leasehold information
We have been advised by the vendor that there are 997 years remaining on the lease.

We have been advised by the vendor that they currently pay £81 in ground rent every 6 months and £580 service charge every 6 months.
Investor Information
Based on a sale at £95k and potential rental income of £500pcm (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 £27,950 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £1,364 = 4.88% pre tax income on capital used (assuming self-managed and including a maintenance estimate)
- Gross Yield 6.01%
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.

Disclaimer

For more details call 01733 511099

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