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£250,000
Bedrooms
Bathrooms
Courtney Green are delighted to be offering for sale this two double bedroom first floor apartment. With the benefit of double glazed replacement windows and gas fired heating to radiators, the accommodation comprises two double bedrooms with built-in wardrobe cupboards, double aspect sitting room with balcony, well fitted kitchen/dining room and a fitted bathroom with natural window ventilation. The property has a long hallway which incorporates a linen cupboard and deep walk-in storage cupboard with space and plumbing foe a washing machine. The property also benefits from a security entry-phone system and adjacent to the front door is a deep walk-in lock up store. Outside there are communal areas of lawn and on road parking. The property is located within half a mile of a local parade of shops including supermarket, newsagents with sub-post office, pharmacy, hairdressers and food outlet. The nearby Holbrook Sports & Social Club provides an excellent venue for numerous sporting activities. Horsham town centre, with its comprehensive range of shopping, sporting and leisure facilities is approximately 1 miles distant.
The accommodation with approximate room sizes comprises:
Communal Front Door
With entry-phone system, entrance foyer with staircase rising to
First Floor
Private door to No. 8 with adjacent lock-up store.
Entrance Hall
With radiator, deep walk-in store cupboard with space and plumbing for a washing machine, entry-phone, linen cupboard.
Sitting Room
With double glazed double aspect to the front and side and with double glazed door to Balcony. Two radiators.
Kitchen/Dining Room
Double glazed double aspect to the front and side. Fitted with a range of base and wall mounted cupboards and drawer, complementing worktop surfaces with inset single drainer stainless steel sink with mixer tap, tiled splashback, breakfast bar, Whirlpool 4-ring gas hob and double oven, space for a fridge/freezer, wall mounted Glow Worm gas fired boiler.
Bedroom 1
With double glazed side aspect, space and pipework for a radiator, double wardrobe cupboard.
Bedroom 2
With double glazed side aspect, radiator, coved ceiling, double wardrobe cupboard.
Bathroom
Frosted double glazed side aspect. Fitted with a panelled bath with chromium mixer tap and shower attachment, vanity unit with inset wash hand basin with cupboard under, low flush WC part tiled walls, chromium towel warmer.
OUTSIDE
Surrounding the property are areas of communal lawn.
TENURE
Leasehold - 165 years remaining
Service Charge - 1270.78 per annum (paid quarterly in advance on 01/04/2025, 01/07/2025, 01/10/2025 and 01/01/2026)
Ground Rent - 10.00 p.a.
Managing Agents: Saxon Weald, Saxon Weald House, 38-42 Worthing Rd, Horsham, West Sussex RH12 1DT Tel:
Council Tax Band - B
Referral Fees: Courtney Green routinely refer prospective purchasers to Nepcote Financial Ltd who may offer to arrange insurance and/or mortgages. Courtney Green may be entitled to receive 20% of any commission received by Nepcote Financial Ltd.
Agents Note: We strongly advise any intending purchaser to verify the above with their legal representative prior to committing to a purchase. The above information has been supplied to us by our clients/managing agents in good faith, but we have not necessarily had sight of any formal documentation relating to the above.
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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