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£950,000
Bedrooms
Bathrooms
SUMMARY OF ACCOMMODATION
Ground Floor: Spacious Entrance Hall with period features ' A Through Lounge with bay window to front and period fireplace, French doors to garden ' Cloakroom ' Generous sized Kitchen/Breakfast Room.
First Floor: Spacious Landing ' Three Double Bedrooms ' Family Bathroom '
Top Floor: Large double bedroom, access via a paddle staircase.
Outside: Front Garden with Shrubs & tree, side access to the lovely garden with patio area, established shrubs and flower beds, seating area.
GAS FIRED CENTRAL HEATING
A rare opportunity to acquire this absolutely fabulous bay fronted semi-detached Victorian family home situated in this highly sought-after tree lined residential road close to both Fiveways and Preston Park. The property still retains a wealth of attractive period features including fireplaces, high ceilings with original moldings, high skirting boards and period doors. All of the rooms are well proportioned, tastefully decorated and have a light and airy feel. The kitchen/Dining room overlooks the rear garden and has ample storage, cupboards and worktops, door to the delightful rear garden. A family bathroom has a white suite and, on the ground, floor is a separate Shower/W.C. Three double Bedrooms to the first floor with an additional 4th bedroom to the top floor.
This lovely property is situated in this lovely level tree lined residential road located in the much sought after Fiveways area of Brighton. There is an excellent range of local shopping within walking distance including a Post office, Butcher, Baker, Greengrocer, Deli and Co Op. Also within walking distance are excellent schools for children of all age groups. There is excellent public transport within easy reach providing access to Brighton City Centre and the A27. London Road railway station is just a short walk away and Brighton seafront with its fine recreational facilities and bathing beaches being approximately two miles distant.
Local Information
Downs Infant & Junior 0.1 miles
Balfour Road Infants 1.0 miles
Dorothy Stringer High School 1.2 miles
Varndean Schools Complex 0.9 miles
Preston Park Station 1.2 miles
London Road Station 0.2 miles
Brighton Mainline 1.1 miles
Brighton Seafront 1.4 miles
Brighton Shopping Centre 1.6 miles
All distances approximate
Residents Parking Zone J
Council Tax Band E
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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