Flat for sale on
Essendyke
Bretton, PE3

£100,000
1
Call Us 01733 806796

Description

Tenure: Leasehold

** IDEAL INVESTMENT OPPORTUNITY ** Belvoir are delighted to bring to the market this spacious first floor purpose built one bedroom situated in popular location of Bretton. The apartment benefits from a private entrance, off road parking and is sold with NO ONWARD CHAIN. The property further benefits from being located with easy access to the A47 and Parkway system, The hospital, Sainsbury's and local amenities.

EPC rating: C. Council tax band: A, Tenure: Leasehold,

Entrance Hall

Entrance into the property is greeted with stairs leading to first floor and doors to all rooms.

Lounge

3.20 x 3.70 Metres

The lounge is neutrally decorated with fitted carpet and uPVC double glazed window to rear

Kitchen

2.40 x 3.30 Metres

The kitchen is fitted with a range of base and eye level units with worktop space over, 1½ bowl sink unit with single drainer and mixer tap, electric cooker, plumbing for washing machine and a PVCu double glazed window to front.

Bedroom

3.10 x 3.60 Metres

Double bedroom with fitted carpet and uPVC double glazed window to rear

Bathroom

Double bedroom with fitted carpet and uPVC double glazed window to rear

Leasehold Information

The vendor has informed Belvoir there are 107 years remaining on the lease The vendor has informed Belvoir the Ground rent payment is £10 per annum The vendor has informed Belvoir the Service charge payment is £200 per annum

Investor Information

Based on a sale at £105k and an actual rental income of £465 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 2.49% (interest only) - Capital used £30,750 (including deposit, stamp duty and conveyance) - Annual pre tax profit of £2,008 = 6.53% pre tax income on capital used (these assumptions include a service and ground rent estimates and is based on a self managed service) - Gross yield 5.10%

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

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