PAIR OF FREEHOLD APARTMENTS - This is a unique opportunity to acquire a pair of apartments and the freehold title in the desirable village of Newborough. Just 5 miles from Peterborough city centre and station, the property is also conveniently close to the A47. Offered for sale with NO ONWARD CHAIN and vacant possession, early viewing is recommended.Converted and renovated by the current owner, there is a two bedroom apartment to the ground floor and a one bedroom apartment to the upper floor, as well as a courtyard garden and off road parking.The property benefits from solar panels, on a 3.6kw PV system with a Feed-in-Tariff running to 29th July 2037, providing approximately £1,000 of annual income.The ground floor apartment comprises entrance hall, utility area, living room, kitchen/breakfast room, two bedrooms and bathroom.The first floor apartment comprises entrance hall, kitchen, living room, bedroom and bathroom.LEASEHOLD/INVESTOR INFORMATION:Lease: 999 years from 1st April 2016Service charge: No service charge of ground rent payableRental income: Flat A, £850-900pcm. Flat B, £650-700pcm.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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