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28 North Road, West Sussex, Lancing
£330,000 Offers over
Bedrooms
Bathrooms
Summary
A three bedroom mid terrace family home, with lounge, kitchen dining room and south facing garden, within easy access of local amenities and transport links.Internal
The front door opens to the entrance hall with stairs to the first floor and doors to the ground floor rooms. The lounge is at the front of the property with feature fireplace and a bay window onto the the front garden. The kitchen dining room has a southerly aspect and provides ample space for table and chairs, with storage cupboard and door to the ground floor W.C. The kitchen is fitted with a range of wall and base units and worksurfaces, inset gas hob with oven beneath and 1 1/2 bowl sink and drainer.On the first floor there are three bedrooms, two doubles, the primary bedroom benefitting from fitted wardrobes, and one single. The bathroom comprises a white suite with panel enclosed bath with mixer tap and shower attachment, pedestal hand wash basin and button flush W.C.External
The front garden is enclosed with path way to the front door. The rear generous sized rear garden benefits from being south facing, with mature tree and shrub borders, and is laid to a mixture of lawn and patio areas providing space for outdoor seating, with shed and green house to the far end.Situated
Myrtle Crescent is located approximately half a mile from the train station and shops in the centre of Lancing - you can get to London in under an hour and a half, or Brighton and Worthing. The A27 is just up the road, so you have easy access to the whole of the south coast. Lancing seafront and Beach Green with the popular Perch Caf is approximately one mile away.Council Tax Band B
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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