2 Bedroom Apartment Flat

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2 Bedroom Apartment Flat

Evergreen Drive, Hampton Hargate, Peterborough PE7
£127,400

Our Summary

  • Based on a sale at £127,400 and potential rental income of £695pcm (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

Description

This second-floor apartment is a great investment opportunity for a buyer, offering two double bedrooms, an open-plan living space, and allocated parking. The property has been newly refurbished and benefits from communal gardens and open views over fields. With no forward chain, the buyer can move in quickly. The apartment is located in The Hampton's, a popular area with a range of schools, amenities, and easy access to Peterborough city center and the A1M. The property is leasehold with 136 years remaining on the lease, and the vendor informs us that the service charge is £1800 and the ground rent is £537. Based on a sale price of £127,400 and potential rental income of £695pcm, the property offers a pre-tax profit of £2,448, representing a 6.34% pre-tax income on capital used and a gross yield of 5.65%.
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