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28 North Road, West Sussex, Lancing
£340,000 Guide Price
Bedrooms
Bathrooms
Summary
Offered to the market this spacious two bedroom detached bungalow with an exciting opportunity to add your own stamp. Situated just across the road from the beach and within close proximity of shops, particular benefits include 20ft lounge/dining room, off road parking, garage and two double bedrooms.Internal
The property is approached via a side door leading directly into the hallway with doors leading to all rooms. Benefitting a generously proportioned lounge/dining room being 20ft 10 in length there is ample space for modernise this room and add your own stamp. There are two double bedrooms both of which have ample space for furnishings. These are serviced by a bathroom comprising bath with shower over, pedestal wash hand basin and separate wc just next door.The property could benefit from internal modernisation and would make a great blank canvas for someone looking to add their own stamp.External
To the front of the property is laid to lock paving, with hardstanding area suitable for off road parking and leading to the garage. The rear garden is laid to lawn and low maintenance.Situated
The property is located close to the centre of Shoreham which is approximately one mile away giving easy access to the Station and getting to Worthing, Brighton and London. The property is also within walking distance to Widewater Lagoon Nature Reserve, a beauty spot and hidden secret to Lancing. The A27 is within easy reach giving you access to the whole of the South coast.Council Tax Band C
Map location is not available for this property.
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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