Investment Opportunity to purchase this property with the tenants in situ.
Belvoir are delighted to offer for sale this spacious three bedroom, three bathroom first floor flat in the sort after area of Clarendon Park. The property comprises in brief of large lounge at the front of the property, a large kitchen diner, three further bedrooms, the master has an en-suite and 2 further shower rooms. UPVC double glazed and gas central heating throughout.
The property is viewed by appointment only through Belvoir and must be seen to realize the living space on offer. The property has high ceilings and lots of character. View now to avoid disappointment.
*Potential 5.7% Return on capital employed gross (See investor information)
A spacious separate large living area which is carpeted with windows looking out to the front of the property.
Modern large kitchen/dining room with laminate flooring
The first bedroom located next to the lounge has a fitted wardrobe and benefits from an en-suite.
The en-suite consists of a three piece suite, WC, sink and shower cubicle.
The second bedroom also has a fitted wardrobe.
The third bedroom is a small double with fitted wardrobe.
Located off the kitchen is a second shower room with WC, toilet and shower cubicle.
The main bathroom is located off the hallway, with a three piece suite including WC, shower cubicle and sink.
Ground Rent TBC
Service Charges TBC
Based on a sale at £230,000 and a rental income of £750pcm
- 75% loan assuming standard BTL loan at 3% (interest only)
- Capital used £57,500 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £3,825 = 5.7% pre tax income on capital used (these assumptions do not include service charge and ground rent estimates)
[Please note that these figures are an illustration based on an average buy to let mortgage and deposit and actual costs may vary.]
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.