3 bedroom detached for sale

£625,000 Offers over

3

Bedrooms

2

Bathrooms

Floorplan

Summary

A well presented detached family home in a private road just off the seafront, with three double bedrooms, three reception rooms and two bathrooms, the property also benefits from private driveway with double garage and front and rear gardens. Viewing recommended.

Internal

Entry via the storm porch with internal door opening into a welcoming entrance hall with stairs leading to the first floor. The living room is dual aspect with bay window to the front of the property and a feature stain glass window to the side and the added benefit of a working open fireplace. The dining room provides ample space for dining table and chairs and gives access to the living room and additional sitting room through folding doors. The sitting room located at the rear of the property is dual aspect with bay window and feature fireplace. The modern fitted kitchen has a range of matching wall and base units with under unit lighting, granite worksurfaces incorporating sink and drainer and breakfast bar, integrated appliances include washing machine, dishwasher, fridge and microwave with space for a range style cooker with fitted hood above. From the kitchen is an additional room currently used as a bar area and space for American style fridge freezer, this room has a door to the garden and also leads to the additional sitting room. On the ground floor there is a shower room, with corner cubicle, button flush W.C and pedestal hand wash basin.To the first floor there are three double bedrooms, two of them being dual aspect with feature stain glass windows, the remaining bedroom has a built in airing / storage cupboard. The family bathroom comprises bath with shower over and pedestal hand wash basin and there is a separate W.C. The loft has a pull down ladder and been insulated and boarded with power and light and velux windows.

External

The front garden is mainly laid to lawn with mature shrubs and trees and driveway leading to the double garage.At the rear the garden has been divided to provide a substantial area laid to paving to provide additional parking in front of the garage with gated access to the enclosed garden that is predominantly laid to lawn with patio area and greenhouse. The double garage has up and over doors, power and light and additional side door opening to the garden.

Situated

West End Way is a private and highly sought after road situated just off of Brighton Road in Lancing. Being within very close proximity to the beach, Lancing Beach Green with the popular Perch Caf under half a mile away and just over a mile away from Lancing shops and train station. Within a very short walk to Brooklands nature park and cafe.

Council Tax Band E



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

£ 518325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 15625
  • 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

£ 49575
  • 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

Adjust these figures

  %

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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