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£1,000,000 Offers in excess of
Bedrooms
Bathrooms
SUMMARY OF ACCOMMODATION
Ground Floor: Enclosed Entrance Vestibule ' Oak panelled Entrance Hall ' Cloakroom ' Lounge ' Living Room ' Superb Fitted Kitchen/Dining Room with French doors to garden ' Open Plan Living Area ' Study '
First Floor: Galleried Landing ' Four Bedrooms ' Family Bathroom with shower '
Outside: Beautifully presented front garden ' Sunny mainly lawned rear garden with good size patio area '
Gas fired central heating & Double Glazing
This impressive well-appointed detached family house is set back from the road and offers light and airy accommodation arranged over two floors. The property still retains many fine features and enjoys superb views over Varndean College playing fields and towards the sea. This beautiful property has a lovely wood panelled hall and attractive fireplaces in both the lounge and living room. The lovely kitchen has integrated appliances, ample storage and worktops. On the first floor is the spacious galleried landing together with four bedrooms with three being large doubles and the family bathroom. To the front of the property is a truly delightful garden being well stocked with a wide variety of flowers and shrubs The lovely level rear garden having a large paved patio area together with the lawn, flower and shrub borders and offering considerable privacy. Car hardstand.
The property is situated in this highly sought after tree lined residential road and is within walking distance of excellent schools for children of all age groups. There is also a fine range of excellent local shopping available nearby at Fiveways including a Greengrocer, Bakery, Butcher, Deli, Co-op and Post Office. Also within easy reach is the Asda supermarket, Marks & Spencer Food Hall. There is a regular bus service available on Ditchling Road and Surrenden Road. Preston Park mainline railway station is approximately 1.1 miles distant. Brighton City Centre and seafront being approximately 2 miles distant. Hollingbury Golf course is a mile away and Withdean Sports Stadium with its running track, squash courts and gymnasium is approximately 1 mile distant. Brighton Marina with its Cinemas, Casino and Bowling Alley is approx. four miles distant.
Local Information
Shopping at London Rd 1.8 miles
The Lanes 2.5 miles
Preston Park 1.4 miles
Varndean Schools Complex 0.1 miles
Preston Park Station 1.1 miles
London Road Station 1.3 miles
Brighton Mainline Station 1.9 miles
All approximate walking distances
Council Tax Band F
Parking Zone 10
Map location is not available for this property.
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.
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