Investment Opportunity to purchase this student property with tenants in situ until 30th June 2020.
This spacious three bedroom property, with two reception rooms is conveniently located in the prominent area of Clarendon Park with easy access to the local Queens Road bar and shops. The property is fitted with UPVC double glazed and gas central heating throughout.
The property is viewed by appointment only through Belvoir
*Potential 5.5% Return on capital employed gross (See investor information)
Lounge 4.23m x 3.42m (13'10" x 11'2")
A spacious separate large living area which is carpeted with windows looking out to the front of the property.
Dining Room 3.44m x 3.41m (11'3" x 11'2")
The rear reception room can be used as a dining room, located off the kitchen, carpeted and leading to the upstairs bedrooms.
Kitchen 3.46m x 1.75m (11'4" x 5'8")
Neutrally decorated kitchen with fitted appliances including oven, hob, washing machine and fridge/freezer.
Bathroom 2.21m x 1.9m (7'3" x 6'2")
The main bathroom is located downstairs, with a three piece white suite including WC, bath with electric shower and sink.
Bedroom 1 3.9m x 3.54m (12'9" x 11'7")
The first double bedroom is located at the front of the property and has laminate flooring.
Bedroom 2 3.44m x 2.95m (11'3" x 9'8")
Overlooking the garden is the second double bedroom with a built in wardrobe decorated to neutral colours.
Bedroom 3 2.44m x 1.74m (8'0" x 5'8")
Located at the end of the hallway is the third single bedroom.
There is a small paved rear garden.
On-Street Parking available with this property.
Based on a sale at £250000 and a rental income of £806pcm
- 75% loan assuming standard BTL loan at 3% (interest only)
- Capital used £73250 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £4047 = 5.5% pre tax income on Capital used
[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.