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Guide price
£280,000

March Road, Coates, Whittlesey, Peterborough

  • 5 beds
  • 4 baths
  • 4 receptions

    Office Ref:

    13867801

  • 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

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 £2090 pcm (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

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EPC Chart
EPC Chart
Floorplan

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