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Guide price
£100,000

Sandringham Road, Peterborough

  • 2 beds
  • 1 bath
  • 1 reception
  • Office Ref: 14215347

***GREAT INVESTMENT OPPORTUNITY*** Two bedroom FIRST 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% + Tenure - LEASEHOLD

Entrance Hall
Entrance into the apartment with door leading to:

Master Bedroom
Double bedroom with fitted carpet and window to side

Bathroom
Fitted with a three piece suite comprising of wash hand basin, WC an bath with shower over

Kitchen/Living area
The kitchen area is fitted with a matching range of base and eye level units with worktop space over built in electric oven with gas hob and extractor hood.

The living area is fitted with laminate flooring and two window to rear

Bedroom Two
Accessed from the kitchen/living area the second bedroom has fitted carpet and window to side

Leasehold Information
The vendor has informed Belvoir the property has a 999 year lease from 2008

The vendor has informed Belvoir the service charge payment is £968 per annum

The vendor has informed Belvoir the ground rent payment is £407 per annum

Investor Information
Based on a sale at £115k and an actual 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 2.49% (interest only)
- Capital used £33,550 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £4,003 = 11.93% pre tax income on capital used (these assumptions include service and ground rent estimates)

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
Floorplan

Get directions to Sandringham Road, Peterborough

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