***SECOND FLOOR APARTMENT INVESTMENT BUYER ONLY *** This newly refurbished TWO DOUBLE BEDROOM apartment benefits from allocated parking, communal gardens and OPEN PLAN LIVING. The property is being sold with NO FORWARD CHAIN and would make an ideal first time purchase or investment. The property further benefits from OPEN VIEWS over the fields.
EPC rating: C. Council tax band: A, Tenure: Leasehold,
The Hampton's are situated to the South of Peterborough and offers a range of schooling options, a variety of facilities including a selection of Restaurants, a Leisure Centre as well as the popular Serpentine Green shopping Centre. The area further benefits from being within close proximity of the historic cathedral city of Peterborough and the A1M.
Secure entry system via intercom, wall mounted radiator, fitted carpet, doors to:
Large open plan living space fitted with carpet, Juliet balcony overlooking communal gardens, TV point, wall mounted radiator. The kitchen is fitted with a matching range of eye and base level units worktop space over, stainless steel sink with single drainer and mixer tap over, fan assisted electric oven and four ring hob, space and plumbing for washing machine, space for fridge freezer, vinyl flooring, Two UPvc double glazed window to side aspect.
Double sized bedroom fitted with carpet, Juliette balcony, wall mounted radiator.
Double sized bedroom fitted with carpet, wall mounted radiator, UPvc double glazed window to rear aspect.
Fitted with a three piece suite comprising of paneled bath with shower over, pedestal wash hand basin, low level wc and frosted window to rear aspect. Storage cupboard with water tank.
The vendor informs us the property has 136 years remaining on the lease The vendor informs us the service charge totals at £1000 which runs from 01/01/2019 to 31//12/2019 The vendor informs us the ground rent totals at £537 which runs from 01/01/2019 to 31//12/2019
Based on a sale at £127,400 and potential rental income of £695pcm (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 £38,600 (including deposit, stamp duty and conveyance) - Annual pre tax profit of £2,448 = 6.34% pre tax income on capital used (these assumptions include a maintenance estimate) - Gross yield 5.65%
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