5 bedroom chalet for sale

£875,000 Offers over

5

Bedrooms

3

Bathrooms

Floorplan

Summary

A stunning and deceptively spacious five bedroom chalet bungalow having undergone extensive refurbishment throughout and being extended to the rear to form a 38ft lounge/ dining room with separate Kitchen area. Particular benefits include ensuite bathroom, generous and beautifully maintained rear and front gardens, ample parking for a large number of vehicles and gated private entrance. Viewing recommended.

Internal

The property is approached via steps up to the front door, opening into the dual aspect porch with plenty of space for coats and shoes. Into the front door of this home and opening up into the generously sized hallway with feature stained glass windows over the lounge and doors to rooms. To the front of the bungalow is the lounge benefitting a dual aspect. There are three good sized double bedrooms on the ground floor, all of which are serviced by the modern family bathroom comprising jacuzzi bath, separate shower cubicle, wall mounted sink and wc. There is also a separate wc on this floor. To the rear of the home provides the wow factor, benefitting a hefty extension and being beautifully modernised throughout, comprising open plan kitchen, dining room and lounge, spanning an impressive 38 ft in width and opening into a further 20ft kitchen. The kitchen benefits a range of eye and base level units with good sized breakfast bar, with adequate space for seating. With a range of integrated appliances and benefitting a dual aspect. A door leads off into the utility room with space and plumbing for further appliances. The extension opens out and looks over the rear garden and provides ample space for a dining area and separate cosy lounge - again with separate bi folding doors out into the garden.Up to the first floor landing, two doors lead to generous double bedrooms, both of which have double doors opening up over the extension and overlooks the garden. They both also benefit dual aspect. The principle bedroom then opens up into the ensuite bathroom, comprising bath, separate walk in shower, sink and wc.

External

The front of the proeprty is approached via private gates leading to an area of hardstanding suitable for many vehicles and being surrounded by mature shrubs and flower borders. There is also access to the single garage and lean to via two up and over doors.The rear garden has been beautifully created/ maintained. Benefitting a wealth of mature plants, shrubs and trees. The rear garden also benefits large koi pond and to the rear of the garden there is a separate private area housing two outbuildings, which you cant see from the main house. Perfect for those wishing to create a home office environment or craft room, away from the main house. This could also be utilised as a veggie plot for the avid gardener.

Situated

West Street is situated just over a mile from Lancings mainline train station and Lancing Village which also offers all types of amenities. Sompting Village is on a bus route which is a frequent service which will take you almost anywhere along the South coast. The School catchment area is Sompting Village Primary and is within walking distance. If you are travelling a bit further then the A27 is close by making commuting to Worthing, Brighton or even London a breeze.

Council Tax Band F



Features
  • Freehold

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Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 724575

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 21875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 68325
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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