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25a West Street, Kent, ME10 1AL
£575,000
Bedrooms
Bathrooms
Reception
A rare opportunity to acquire a stunning two-bedroom conversion flat, enviably located on the very edge of the beach in the heart of Bognor Regis. This beautifully presented property combines stylish modern living with the charm of a period conversion, offering a truly unique coastal home.
Built in 1816 by the local Ostler & Tapster Joseph Pipson, The flat features a two generous reception roomswith large windows flooding the spaces with natural light and framing delightful seaside views. The contemporary kitchen is well-equipped, making it ideal for entertaining or relaxed coastal living. Both bedrooms are generously proportioned, while the sleek bathroom has been finished to a high standard and features a rainfall shower.
Outside there is a secluded garden space with hot tub and dining space, perfect for Al Fresco meals with friends and family.
The property has been sympathetically updated to include under floor heating, 3m high ceilings with original cornicing, original Georgian floorboards and effective insulation.
Currently run as a successful executive Airbnb, the property offers an attractive investment opportunity, but would equally make a superb seaside retreat or permanent residence for any discerning buyer.
Further benefits include:
Sought-after beachfront location
Stylish, modern interior throughout
No forward chain for a smooth transaction
Excellent short-term rental history
Just moments from the promenade, town centre amenities, and mainline station, this exceptional flat is perfectly placed for both leisure and convenience.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
25a West Street, Kent, ME10 1AL
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