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Guide price
Offers in the region of £270,000

Aldermans Drive, Peterborough

  • 1 bed
  • 1 bath
  • 1 reception
  • Office Ref: 13468825
  • READY MADE INVESTMENT
  • CITY CENTRE LOCATION
  • HIGH RENTAL DEMAND
  • CLOSE TO STATION
  • CALL US TODAY FOR MORE INFO

** FREEHOLD INVESTMENT OPPORTUNITY** Fantastic opportunity to aquire this centrally located semi detached property which has been converted in to two spacious apartments. The property is being sold with long term TENANTS IN SITU and generates a monthly income of £990pcm.

Location
The property is conveniently situated a short walk from Peterborough City Centre, with its historic attractions, the Queensgate Shopping Centre and other local amenities. Peterborough Railway & Bus Station are located a short distance away, with high speed links to London and other major cities. Peterborough also benefits from an excellent road network, linking directly to numerous main routes , including the A1.

Ground Floor Apartment - 57 SQM
Entrance Hall

Shower Room
The shower room is fitted with two piece suite comprising of wash hand basin and WC and shower cubicle. Window to rear.

Kitchen
Fitted with a matching range of eye & base level units, gas cooker with 4 ring gas hob. Plumbing for washing machine, space for fridge freezer. Window to side.

Living Room
The living area has fitted carpet, built in display storage unit, feature fireplace door to rear garden.

Bedroom
Double Bedroom with fitted carpet and window to front.

Outside

Shared gardens laid to lawn with patio area.

First Floor Apartment - 57 SQM
Entrance Hall

Stairs leading to first floor apartment

Kitchen
Fitted with a matching range of base and eye level units with worktop space over. Electric oven but extractor hood over. Plumbing for washing machine and fitted vinyl flooring

Lounge
The living space benefits from fitted window and window to front

Master Bedroom
Double Bedroom with fitted carpet

Bathroom
Fitted with a three piece suite comprising hand wash basin, WC, bath with shower over.

Outside

Shared gardens laid to lawn with patio area.

Investor Information
Based on a sale at £270k and potential rental income of £1010pcm (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 £80,450 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £4,682 = 5.82% pre tax income on capital used (these assumptions are based on a self managed basis
- Gross yield 4.28%

Agents Note - Photographs
These photos are for general guidance only and were taken prior to the commencement of tenancies. Buyers must therefore view the property themselves before placing an offer

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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EPC chart
EPC chart

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