** ATTENTION INVESTORS** Ready made buy to let opportunity with tenant in situ offered for sale with no forward chain. This first floor apartment is located within easy reach of the Peterborough City Centre and is offering a potential gross yield of 6% +.
Fitted carpet with door leading to;
Fitted kitchen with a matching range of base and eye level units with worktop space over, 1 1/2 stainless steel sink, free standing electric cooker, plumbing for washing machine and space for fridge. Window to side
Fitted carpet with duel aspect windows, door leading to;
Double bedroom with window to front aspect, fitted with carpet.
Single bedroom with window to front aspect, fitted with carpet.
Fitted with a three piece suite comprising of wash hand basin, WC and panelled bath.
Off road communal parking
The vendor has informed us that there is 94 years remaining on the lease.
The vendor has informed us that the service charge payable is £1600 per annum and the ground rent payable is £110.00
Based on a sale at £95k and potential rental income of £590 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 £27,950 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £2,106 = 7.54% pre tax income on capital used (these assumptions include a maintenance estimate and service charge and ground rent estimate)
- Gross yield 6.96%
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.