** ideal investment opportunity with potential 7% gross yield ** Well presented two bedroom city centre maisonette with a garden which offers spacious and versatile living accommodation. The property benefits from two double sized bedrooms and is offered with no forward chain
Entrance Hall
Entrance hall leading to;
Lounge
Spacious light and airy lounge with UPVc double glazed window to front aspect.
Kitchen
Modern kitchen fitted with a matching range of eye and base level units with work top space over, stainless steal sink with single drainer, space for fridge freezer, space for washing machine, patio doors leading to rear garden, UPVc double glazed window to side aspect
Master Bedroom
Double sized bedroom
Bedroom Two
Double sized bedroom
Bathroom
Spacious bathroom fitted with a three piece suite comprising of paneled bath with shower over, pedestal wash hand basin and low level WC, airing cupboard, tiled flooring and two frosted windows to side aspect.
Outside
Enclosed private garden to the rear aspect.
Leasehold Information
The vendor informs us the lease has 929 years remaining on the lease
Leasehold charges available upon request
Investor Information
Based on a sale at £105k and potential rental income of £650 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 £30,750 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £2,961 = 9.63% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 7.1%
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