** ready made investment opportunity with tenant in situ ** modern One bedroom ground floor apartment situated in the sought after area of Hampton Hargate close to local amenities, The property offers open plan living accommodation finished to a high specification with good quality fittings throughout. The property further benefits from allocated parking and no forward chain.
The Hampton's are situated to the South of Peterborough and offers a range of schooling options, a variety of facilities including a selection of Restaurants, a Leisure Centre as well as the popular Serpentine Green shopping Centre. The area further benefits from being within close proximity of the historic cathedral city of Peterborough.
Open Plan Lounge / Kitchen (3.4m x 4.3m max (11'1" x 14'1" max ))
The kitchen is fully Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink, fitted electric fan assisted oven, four ring electric hob with extractor hood over, built in washer/dryer. Fridge with freezer box. PVCu double glazed window to front aspect, vinyl flooring.
The lounge area is fitted with carpet, radiator, TV and telephone points.
Storage cupboard in hallway
Master Bedroom (3.9m x 3.0m max (12'9" x 9'10" max ))
Double sized bedroom fitted with carpet, UPVc double glazed window to rear aspect.
Fitted with a three piece suite comprising of paneled bath with hand held shower attachment, pedestal wash hand basin, low level WC, Vinyl flooring.
One allocated parking space to the rear
The vendor informs us there were 125 years on the lease starting in 2007.
The vendor informs us the service charge is £789 and ground rent is £100
Based on a sale at £110k and potential rental income of £525pcm (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 2.79% (interest only) - Capital used £32,150 (including deposit, stamp duty and conveyance) - Annual pre tax profit of £2,483 = 7.72% pre tax income on capital used (these assumptions include a maintenance estimate) - Gross yield 5.49%
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
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.