4 bedroom detached for sale

£650,000 Offers over

4

Bedrooms

2

Bathrooms

Floorplan

Summary

Available to the market for the first time in over 37 years, this substantial detached family home offers flexible living accommodation to include four - six bedrooms, off road parking, double garage, wonderful mature gardens with direct South Downs access. Being conveniently situated within good commuter proximity to Lancing, Shoreham and Brighton.

Internal

This substantial home is approached into an entrance hallway, leading into the wonderfully sized, open, bright and airy sitting room spanning 27ft and providing a southerly aspect with doors into ground floor rooms and stairs up to the first floor. The kitchen is to the rear of the property benefitting a dual aspect and being 19ft in size. Offering a range of eye and base level units with space for appliances, including oven, dishwasher and fridge. There is space also for a table and chairs. A variety of windows overlook the beautiful rear garden. The accommodation provides versatility and flexibility, on this floor there are two reception rooms being used currently as a formal dining room and separate office space, however if needs desired these could be bedroom five and six. Additionally on this floor there is a sunroom leading out into the garden and also leads directly into the ground floor wc and utility room.Up to the first floor landing providing doors to four bedrooms and the bathroom. All of the bedrooms benefit being double in size and providing adequate space for furnishings. The principle bedroom has the additional benefit of built in cupboards and ensuite shower room. The family bathroom having being beautifully finished to a modern taste comprises bath. separate shower cubicle and wc.Being available for the first time in over 37 years, this home is a real gem and very rarely available.

External

The front of the property is wall enclosed with mature hedge border, providing off road parking for several vehicles and access to the garages. The rear garden has been beautifully manicured and tended to. Being mainly laid to lawn with mature shrub and hedge borders. To the rear of the garden there is a winding pathway, leading up onto the raised terrace area, perfect for those summer evenings and suitable for table and chairs. There is a gate to the rear giving access straight onto the downs, being one of the only homes with this unique feature.

Situated

Old Shoreham Road is located to the north east of Lancing village centre and is a short walk or drive away, immediate access to the A27, allowing you to access the whole south coast. Lancing train station is just under a mile away and allows direct access to London Victoria & Gatwick, ideal for a commuter.

Council Tax Band F



Features
  • Freehold

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

£ 538950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 16250
  • 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

£ 51450
  • 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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