** FANTASTIC INVESTMENT OPPORTUNITY WITH POTENTIAL YIELDS OF 5% + ** Central Court is situated in the heart of Peterborough City Centre. This offers fantastic City Life for young professionals that work locally as well as commuters who work in such areas as London and Cambridge, as both the bus and railway stations are in close proximity. This modern one bedroom apartment is finished to a high specification throughout and benefits from a secure entry system.
Secure entry system with intercom.
Entrance hall leading to;
Kitchen/Living Area 4.0m x 4.3m max (13'1" x 14'1" max )
The fitted kitchen is fitted with a matching range of base and eye level units with worktop space over including stainless sink with single drainer and mixer tap over, built in electric oven, four ring hob with extractor hood over.
The lounge is fitted with laminate flooring and benefits from two UPVc double glazed windows two windows to front aspect.
Bedroom 3.9m x 3.2m max (12'9" x 10'5" max )
Double bedroom with fitted carpet, triple fitted wardrobes, UPvc double glazed window to front aspect.
Shower Room 1.9m x 1.8m max (6'2" x 5'10" max )
Fitted with a three piece suite comprising of pedestal wash hand basin, low level WC and walk in shower cubicle with tiled surround, wall mounted heated towel rail, tiled flooring.
The property is Leasehold.
The vendor has informed us that there is a 250 year lease from 2014.
The vendor has informed us that the service charge payable is £680 per annum and the ground rent payable is £300 per annum.
The property comes with a 10 year BLP warranty from 2014.
Based on a sale at £109k and potential rental income of £525 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 £32,010 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £2,557 = 8.53% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 5.52%
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