2 bed Flat For Sale £100,000
***attention investors! 6%+ gross yield being achieved sold with tenant in situ *** Belvoir are delighted to offer for sale the rare opportunity to purchase this duplex Apartment with spacious open plan living accomedation, two double bedrooms, balcony and secure entry system. The property is situated walking distance from the recently refurbished Ortongate Shopping Centre as well as Bushfields Sports Centre, Orton Medical Centre and Ormiston Bushfields Academy. The property further benefits from being sold with no forward chain.
Location
The Orton Centre is located just three miles from central Peterborough and within close proximity to the Lynch wood Business Park. The complex is located above shops and offers a range of facilities including a co-op supermarket.
Communal Entrance
Secure coded entrance, with stairs leading to first floor
Apartment Entrance Hall
Entrance hall into the apartment is fitted with carpet and has doors leading two double bedrooms.
Master Bedroom (3.040 x 3.511 (9'11" x 11'6"))
Double sized bedroom fitted with carpet, UPVc double glazed window to rear aspect.
Bedroom Two (2.567 x 3.511 (8'5" x 11'6"))
Double sized bedroom fitted with carpet, UPVc double glazed window to rear aspect.
First Floor
Landing with fitted carpet, storage cupboard, door leading to;
Open Plan Lounge / Kitchen (4.15 x 5.638 / 2.758 x 2.419 max (13'7" x 18'5" /)
Lounge is fitted with carpet, television points, two UPVc double glazed window to rear aspect.
Kitchen is fitted with a matching range of base and eye level units, stainless steel sink with single drainer and mixer tap over, built in electric oven, hob and extractor hood over. Space for washer dryer and fridge freezer. The kitchen has patio doors leading to a balcony.
Bathroom
Fitted with a three piece suite comprising of low level WC, pedestal wash hand basin and panelled bath with shower over. Vinyl flooring.
Leasehold Information
The vendor has informed u the remaining lease term 110 years to January 2131
The vendor has informed us the Service Charge is £866.31 half yearly.
The vendor informs us the ground rent totals at £25.00 half yearly
Investor Information
Based on a sale at £100k and potential rental income of £595pcm (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 £29,350 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £1,874= 6.39% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 6.84%
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, or alternatively ask us and we will verify the information for you. All measurements quoted are approximate. These Particulars do not constitute a contract or part of a contract
Location
The Orton Centre is located just three miles from central Peterborough and within close proximity to the Lynch wood Business Park. The complex is located above shops and offers a range of facilities including a co-op supermarket.
Communal Entrance
Secure coded entrance, with stairs leading to first floor
Apartment Entrance Hall
Entrance hall into the apartment is fitted with carpet and has doors leading two double bedrooms.
Master Bedroom (3.040 x 3.511 (9'11" x 11'6"))
Double sized bedroom fitted with carpet, UPVc double glazed window to rear aspect.
Bedroom Two (2.567 x 3.511 (8'5" x 11'6"))
Double sized bedroom fitted with carpet, UPVc double glazed window to rear aspect.
First Floor
Landing with fitted carpet, storage cupboard, door leading to;
Open Plan Lounge / Kitchen (4.15 x 5.638 / 2.758 x 2.419 max (13'7" x 18'5" /)
Lounge is fitted with carpet, television points, two UPVc double glazed window to rear aspect.
Kitchen is fitted with a matching range of base and eye level units, stainless steel sink with single drainer and mixer tap over, built in electric oven, hob and extractor hood over. Space for washer dryer and fridge freezer. The kitchen has patio doors leading to a balcony.
Bathroom
Fitted with a three piece suite comprising of low level WC, pedestal wash hand basin and panelled bath with shower over. Vinyl flooring.
Leasehold Information
The vendor has informed u the remaining lease term 110 years to January 2131
The vendor has informed us the Service Charge is £866.31 half yearly.
The vendor informs us the ground rent totals at £25.00 half yearly
Investor Information
Based on a sale at £100k and potential rental income of £595pcm (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 £29,350 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £1,874= 6.39% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 6.84%
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, or alternatively ask us and we will verify the information for you. All measurements quoted are approximate. These Particulars do not constitute a contract or part of a contract
