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Guide price
Offers in excess of £125,000

Hargate Way, Hampton Hargate, Peterborough

  • 2 beds
  • 2 baths
  • 1 reception
  • Office Ref: 14618133
  • 72sqm

*** ATTENTION FIRST TIME BUYERS *** TWO DOUBLE BEDROOM apartment benefiting from a secure entry system, allocated parking and en suite to master bedroom. This modern purrpose built apartment is being sold with NO FORWARD CHAIN. The property is located in a popular location of Hampton Hargate and offers easy access to both the Peterborough City Centre and A1M.

ENTRANCE HALL 4.9m x 1.8m max (16'0" x 5'10" max )
Entrance into the apartment is greeted by a carpeted hallway with doors leading to all rooms and an intercom system.

OPEN PLAN KITCHEN / LIVING 5.4m x 4.6m max (17'8" x 15'1" max)
Fitted with a matching range of base and eye level units with worktop space over, 1½ bowl stainless steel sink with mixer tap over and single drainer, built-in fridge/freezer, washing machine, oven, four ring electric hob, extractor hood.

The lounge is fitted with carpet, two PVCu double glazed windows to front aspect.

MASTER BEDROOM 3.4m x 3.2m max (11'1" x 10'5" max )
Double sized bedroom fitted with carpet, PVCu double glazed window to rear aspect.

EN SUITE TO MASTER
Fitted with a three piece suite comprising of walk in shower cubicle, tiled splash backs, pedestal wash hand basin, low level WC, PVCu frosted double glazed window to side aspect, vinyl flooring.

BEDROOM TWO 3.4m x 2.3m max (11'1" x 7'6" max )
Double sized bedroom fitted with carpet, PVCu double glazed window to rear aspect.

BATHROOM 2.3m x 2.5m max (7'6" x 8'2" max )
Fitted with a three piece suite comprising of paneled bath with shower over, pedestal wash hand basin, low level WC, PVCu frosted double glazed window to rear. aspect, vinyl flooring.

OUTSIDE
The property benefits from one allocated parking space.

LEASEHOLD INFORMATION
The vendor has informed Belvoir there are 114 years remaining on the lease

The vendor has informed Belvoir the service charge is £1167 per annum approx

The vendor has informed Belvoir the ground rent is £200 per annum approx

Investor Information
Based on a sale at £124k and potential rental income of £695 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 £36,210 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £2,872= 7.93% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 6.44%

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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