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Guide price

Essendyke, Bretton, Peterborough

  • 1 bed
  • 1 bath
  • 1 reception
  • Office Ref: 14397129

Perfect for investors! This ONE BEDROOM FIRST FLOOR APARTMENT benefits with fitted bathroom and kitchen and large double bedroom. Also with off road parking and a spacious living area. Don't miss out!

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

Lounge 3.78m x 3.26m max (12'4" x 10'8" max)
The lounge is neutrally decorated with fitted carpet and uPVC double glazed window to rear

Kitchen 3.28m x 2.24m max (10'9" x 7'4" max)
The kitchen is fitted with a range of base and eye level units with worktop space over, 11/2 bowl sink unit with single drainer and mixer tap, electric cooker, plumbing for washing machine and a PVCu double glazed window to front.

Bedroom 3.66m x 3.15m max (12'0" x 10'4" max)
Double bedroom with fitted carpet and uPVC double glazed window to rear

The family bathroom sis fitted with a WC, Wash hand basin and shower cubicle with electric shower. Frosted window to front.

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 £95k 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 £27,950 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £3,456 = 12.37% pre tax income on capital used (these assumptions include a service and ground rent estimates and is based on a self managed service)

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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