2 bed Flat For Sale £95,000
** investment opportunity achieving 7% + gross yield** Two bedroom duplex apartment sold with tenant in situ. This ready made buy to let is situated in the popular area of Orton close to a range of local amenities. The property is being sold with no foward chain
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 the bedrooms, bathroom and open plan lounge, kitchen, diner.
Open Plan Lounge, Kitchen, Diner (5.6m x 5.6m max (18'4" x 18'4" max))
Lounge Area:
Large open plan Lounge diner, fitted carpet, two UPVC windows to the rear aspect, wall mounted electric radiator.
Kitchen Area:
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. Leads to balcony area.
Bedroom One (4.4m x 2.8m max (14'5" x 9'2" max))
Double Bedroom with fitted carpet, wall mounted electric radiator, UPVC double glazed window to the rear aspect.
Bedroom Two (3.2m x 2.7m max (10'5" x 8'10" max))
Double Bedroom with fitted carpet, wall mounted electric radiator, 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, vinyl flooring.
Outside
The property benefits from access to parking
Leasehold Information
The vendor has informed us the lease runs until January 2131.
The service charge and ground rent totals at approximately £1500 per annum.
Investor Information
Based on a sale at £97,500k 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 £28,650 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £5,708 = 13.39% pre tax income on capital used (these assumptions are based on a self managed service)
- Gross Yield 7.37%
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 the bedrooms, bathroom and open plan lounge, kitchen, diner.
Open Plan Lounge, Kitchen, Diner (5.6m x 5.6m max (18'4" x 18'4" max))
Lounge Area:
Large open plan Lounge diner, fitted carpet, two UPVC windows to the rear aspect, wall mounted electric radiator.
Kitchen Area:
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. Leads to balcony area.
Bedroom One (4.4m x 2.8m max (14'5" x 9'2" max))
Double Bedroom with fitted carpet, wall mounted electric radiator, UPVC double glazed window to the rear aspect.
Bedroom Two (3.2m x 2.7m max (10'5" x 8'10" max))
Double Bedroom with fitted carpet, wall mounted electric radiator, 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, vinyl flooring.
Outside
The property benefits from access to parking
Leasehold Information
The vendor has informed us the lease runs until January 2131.
The service charge and ground rent totals at approximately £1500 per annum.
Investor Information
Based on a sale at £97,500k 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 £28,650 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £5,708 = 13.39% pre tax income on capital used (these assumptions are based on a self managed service)
- Gross Yield 7.37%
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
