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£430,000
Bedrooms
Bathrooms
Nestled in a sought-after location just a short stroll from the beach, this deceptively spacious five-bedroom townhouse offers an exciting opportunity to update a generous family home to your own taste and style. Boasting a versatile layout spread across multiple levels, the property combines excellent living space with sea air, garden views, and the rare benefit of off-road parking.
The ground floor features a welcoming entrance hall with the 5th bedroom or office overlooking the communal gardens, a toilet and shower room, utility room and garage. A door from the utility opens onto a private courtyard garden with an off-road parking space.
The first floor has a kitchen and dining room to the rear with double doors to the lounge which has views over the private communal lawn. The second floor features a double main bedroom with a shower and fitted bedroom furniture, a small double and a good sized single room. The family bathroom to the front has modern white suite. There is also convenient storage on the landing.
The bright double loft bedroom has plenty of eves storage and Velux windows to the front and rear. It offers fabulous views across the Southsea roofs.
While the property would benefit from cosmetic updating, it offers an excellent canvas in a prime location. This is an ideal opportunity for seaside home close to the Southsea beach.
Material Information: Tenure: Freehold Council Tax: D Electricity: Mains Supply Heating: Gas supply Water Supply: Mains supply Sewage: Mains Supply Broadband: standard, Superfast and Ultrafast Fibre are all available in this area Parking: Off Road & Permit Parking Mobile: Ofcom official website checker states that EE, Vodafone, O2 and Three have all availability in the area Flood Risk: Low risk
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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