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Guide price
Offers in excess of £105,000

Park Road, Peterborough

  • 2 beds
  • 1 bath
  • 1 reception
  • Office Ref: 14859561
  • Allocated Parking
  • Total floor area: 570sqft
  • Walking Distance to Peterborough Train Station
  • City Centre
  • Walking distance to popular Restaurants & Bars

*** New ultra fast new internet.installed ** INVESTMENT OPPORTUNITY OFFERING POTENTIAL YIELDS OF 7% + The development boasts a modern specification as well as SECURE ALLOCATED PARKING and is conveniently situated a short walk from Peterborough City Centre. This attractive investment opportunity makes ideal living accommodation for both local workers and commuters.

Communal Entrance
Shared communal area with indivual post boxes and corridor leading to stairs which take you to the first floor corridor with access to all 6 apartments:

Entrance Hall
Entrance hall has fitted carpet and doors leading:

Kitchen/Lounge 5.862 x 5.104 max (19'2" x 16'8" max)
The fitted kitchen has a matching range of base and eye level units and work top space over. 1 1/2 stainless steel sink, and plumbing for washing machine. The kitchen has a built in electric oven and hob and an integrated fridge freezer. Tiled flooring on the kitchen area and carpet for the lounge area. The lounge area has two floor ceiling sash windows.

Master Bedroom 2.941 x 3.128 max (9'7" x 10'3" max)
The master bedroom has fitted carpet and a double glazed window to rear

Bedroom Two 3.888 x 2.657 max (12'9" x 8'8" max)
Bedroom with fitted carpet with double glazed window to rear

Family bathroom
Fitted with a three piece suite compromising of wash hand basin, WC and deep panelled bath with hand held shower.

Outside
PARKING: The property comes with secure parking, with one allocated space.

bike storage available

Bin storage

Leasehold Information
The property has a 125 year lease started from 01 Jan 2014

Service charge: £175 per month

Vendors Note: The vendor has informed Belvoir that the service charge is payable monthly however if funds are not used throughout the year then they are reimbursed to all owners. On average over the last 2 years the vendor has received between £500-£600 back per year.

Investor Information
Based on a sale at £110k and potential rental income of £625pcm (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 £32,150 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £1,504 = 19.60% pre tax income on capital used (these assumptions include service/building insurance costs and on a self managed basis)
- Gross Yield 6.54%

Belvoir Disclaimer
THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER BELVOIR PETERBOROUGH NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

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EPC chart

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Coronavirus Information


The wellbeing of our clients, staff and their families - together with continuity of service to clients - is of paramount importance. Outlined below are the precautionary measures we have taken to minimise the risk to our clients, staff and others.


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