***GROUND FLOOR APARTMENT*** with private entrance. - 1 Bed, HAMPTON HARGATE - 13.43% pre tax income on £30.7k capital employed (based on 25% deposit and 2.49% int only loan and self managed) - Gross Yield 6.52%.
Personal entrance into the property;
LOUNGE AREA; Window to front, fitted carpet.
KITCHEN : Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink, built-in fridge/freezer and washing machine with fitted oven, four ring electric hob with pull out extractor hood over, vinyl flooring.
Door to Storage cupboard and door to bedroom and bathroom
Double bedroom with window to rear and fitted with carpet.
Three piece suite comprising deep panelled bath, wash hand basin and WC, tiled splashbacks, fitted carpet.
Parking to rear
The vendor has informed us there are 113 years remaining on the lease
The service charge payment is £759 per annum approx.
The ground rent payment is £200 per annum approx.
Based on a sale at £105k and potential rental income of £595pcm (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 £30,750 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £4,129 = 13.43% pre tax income on capital used (these assumptions include a maintenance estimate, service and ground rent charges and on a self managed basis)
- Gross Yield - 6.52%
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