2 bed Flat For Sale £90,000
**ideal investment opportunity** Belvoir are pleased to bring to the market an opportunity that is not to be missed. This well presented two bedroom apartment offers modern and contemporary open plan living accommodation with a secure entry system. The property further benefits from a lift servicing all floors. Call us today to arrange A viewing.
Communal Entrance
Security Entry doors open to the communal hallway where you have access to the mailboxes. Stairs and Lift leading to the first and second floors.
Entrance Hallway
Entrance from the communal hallway where you are greeted with fitted carpet and doors leading to bedroom one and two.
Lounge/Diner (5.2m x 5.6m max (17'0" x 18'4" max))
Large open plan Lounge diner, fitted carpet, two UPVC windows to the rear aspect, wall mounted electric radiator.
Kitchen
Fitted with a matching range of base and eye level units with work top space over and stainless steel sink. Plumbing for washing machine, space for fridge/freezer, built-in electric fan assisted oven and gas hob with extractor hood over, vinyl flooring.
Bedroom One (4.1m x 2.8m max (13'5" x 9'2" max ))
Double Bedroom with fitted carpet, wall mounted electric radiator, UPVC double glazed window to the rear aspect.
Bedroom Two (3.6m x 2.7m max (11'9" x 8'10" max ))
Double Bedroom with fitted carpet, wall mounted electric radiator, built-in fitted wardrobe, UPVC double glazed window to the rear aspect.
Bathroom
Fitted with a three piece suite comprising panelled bath with mixer shower over, pedestal wash hand basin and WC, wall mounted electric radiator, UPVC window to rear aspect, vinyl flooring.
Parking
Large communal parking to the rear of the property for exclusive use by Orton Plaza residents.
Leasehold Information
The vendor has informed us there is 125 year lease started from 2015.
The vendor informs us the Service Charge is and ground rent total at £1500 per annum.
Investor Information
Based on a sale at £95k 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 of 2.49% (interest only)
- Capital used £27,950 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £3192 = 11.42% pre tax income on capital used (these assumptions are based on a managed service)
- Gross Yield 7.56%
Agents Note - Photographs
These photos are for general guidance only and were taken in 2016 prior to a tenancy commencing. 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
Communal Entrance
Security Entry doors open to the communal hallway where you have access to the mailboxes. Stairs and Lift leading to the first and second floors.
Entrance Hallway
Entrance from the communal hallway where you are greeted with fitted carpet and doors leading to bedroom one and two.
Lounge/Diner (5.2m x 5.6m max (17'0" x 18'4" max))
Large open plan Lounge diner, fitted carpet, two UPVC windows to the rear aspect, wall mounted electric radiator.
Kitchen
Fitted with a matching range of base and eye level units with work top space over and stainless steel sink. Plumbing for washing machine, space for fridge/freezer, built-in electric fan assisted oven and gas hob with extractor hood over, vinyl flooring.
Bedroom One (4.1m x 2.8m max (13'5" x 9'2" max ))
Double Bedroom with fitted carpet, wall mounted electric radiator, UPVC double glazed window to the rear aspect.
Bedroom Two (3.6m x 2.7m max (11'9" x 8'10" max ))
Double Bedroom with fitted carpet, wall mounted electric radiator, built-in fitted wardrobe, UPVC double glazed window to the rear aspect.
Bathroom
Fitted with a three piece suite comprising panelled bath with mixer shower over, pedestal wash hand basin and WC, wall mounted electric radiator, UPVC window to rear aspect, vinyl flooring.
Parking
Large communal parking to the rear of the property for exclusive use by Orton Plaza residents.
Leasehold Information
The vendor has informed us there is 125 year lease started from 2015.
The vendor informs us the Service Charge is and ground rent total at £1500 per annum.
Investor Information
Based on a sale at £95k 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 of 2.49% (interest only)
- Capital used £27,950 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £3192 = 11.42% pre tax income on capital used (these assumptions are based on a managed service)
- Gross Yield 7.56%
Agents Note - Photographs
These photos are for general guidance only and were taken in 2016 prior to a tenancy commencing. 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
