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28 North Road, West Sussex, Lancing
£650,000 Offers over
Bedrooms
Bathrooms
INTERNAL
Upon entering into this truly unique home you are greeted by an open hall, which has doors that lead to what is currently being hosted as a downstairs separate bedroom and lounge area, with stairs leading up to the first floor. On the ground floor is the shower room, which comprises a walk in shower cubicle, WC and hand wash basin. A door from this room leads you into the utility cupboard, this room is conveniently tucked away and has space for a washing machine and storage. Just next door is the sitting room, which is a great space that is separate from the main portion of the home and has a further door which opens into a generous double bedroom with a large UPVC double glazed window to allow for an abundance of light, and plenty of floor space for any additional furniture. This floor of the property would make a suitable granny annex/teenager accommodation. On the first floor directly opposite you will find the kitchen, which has a vast amount of storage cupboards, larder cupboard and space for a freestanding dishwasher, under counter fridge and hosts a five ring freestanding range cooker. This room also has doors that lead out to the rear garden with views over the lagoon. The family bathroom is next door to the kitchen and has been tiled floor to ceiling with a neutral tiling and comprises a bath tub with overhead shower, WC, hand wash basin with a vanity surround and a heated towel rail. Along the hall are three double bedrooms, the master bedroom is located at the rear of the property with a feature panelled wall and beautiful views over the Widewater. The second bedroom hosts built in storage cupboards, whilst the third bedroom is just next door and is accessible from the lounge. The lounge is the focal point of this beautiful home, as it benefits from a statement open fireplace and large sliding doors that open to the well manicured rear garden and views that are simply breathtaking!
EXTERNAL
To the front there is ample off road parking for a number of vehicles, which has been laid to hardstanding and a well manicured shrub to provide privacy. At the rear is a south facing garden, which has breathtaking views over the Widewater, as you head out of the property you are immediately presented with a lawned area that has been well maintained with steps that lead down to the decked area benefitting from a bar that directly over looks the lagoon, this is the perfect social space to entertain guests and watch the world go by.
LOCATION
Located on the Widewater, this substantial home is close to the centre of Shoreham which is approximately one mile away giving easy access to the Station and getting to Worthing, Brighton and even London is quick and easy. The Seashore is just a stones throw away from the property and Shoreham is just a short walk away which boasts a wide range of shops, bars and restaurants. The A27 is within easy reach giving you access to the whole of the South coast.
COUNCIL TAX Band D
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.
28 North Road, West Sussex, Lancing
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