Ludlow House, Bretton Green

Bretton Green, PE3 8DY     £118,000

2 bedroom newly converted apartment

This contemporary two bedroom ground floor apartment on the new private development at Bretton Green, is situated close to the Peterborough City Hospital and offers open plan kitchen/living area, en-suite to master and allocated parking.

Bretton Green

Formally a small secluded development of office buildings and currently
being developed by a local reputable builder, these newly converted
apartments will provide modern and versatile accommodation, with two
double sized bedrooms and gas central heating, in a select development of
apartments with communal gardens and parking. Situated with easy access
to the A47 and Parkway system, and with easy access to the Hospital,
Sainsbury's and local amenities.

Specification

The apartment is finished to a high specification with quality fixtures and
fittings throughout. The accommodation is spacious, two double bedrooms,
with an en-suite shower room to the master. The open plan living area and
kitchen is partially equipped and very well appointed. Off road parking is
available.

Communal entrance and staircase - Communal entrance leads to a private front door to each apartment.

Open plan kitchen and living area - The open plan kitchen is fitted with a matching range of base and eye level units with electric hob and oven integrated fridge and plumbing for a washing machine. The lounge area is ideal for modern living and entertaining.

Master bedroom - Double bedroom with an en-suite shower room.

Bedroom 2 - Double bedroom

Shower room - Modern white 3 piece suite to include wash basin, WC and a shower.

Outside - There are communal gardens and each property will benefit from an allocated parking space.

Leasehold Information

The tenure of the apartment is leasehold.
The service charge is £400 per annum and ground rent is £150 per annum.
Leasehold years remaining - 250 years.

Investment Information

Based on a sale at £118,000 and rental income of £625 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 at 2.89% (interest only)
  • Capital used £30,750 (including deposit, stamp duty and conveyance)
  • Annual pre tax profit of £2,843 = 9.25% pre tax income on capital used (these assumptions include management fees and an estimate of £500 for ground rent/service charge)
  • Gross Yield – 6.29% 

Help to Buy

The Government has created the Help to Buy scheme to help purchasers to
buy their own home. Whether you want to get onto the housing ladder or
move up it, Help to Buy makes it possible to buy a new-build home priced up Help to Buy makes it possible to buy a new-build home priced up
to £600,000 with as little as a 5% deposit.

Further Information

If you would like further information or to book a viewing at this property please call Peterborough sales on 01733 511099 or email peterborough.sales@belvoir.co.uk

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