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28 North Road, West Sussex, Lancing
£365,000
Bedrooms
Bathrooms
Summary
A refurbished and conveniently positioned two double bedroom semi detached bungalow with modern fitted kitchen opening into a dining room, re-fitted shower room, ample off road parking and sunny west facing rear garden. Vendors have found a suitable home.Internal
The front door opens into an L-shaped entrance hall with doors leading to all rooms. The lounge is east facing and enjoys the morning sun and overlooks the front garden. To the rear of the property benefitting from a westerly aspect is the refitted kitchen dining room, with a range of wall and base units and worksurfaces, integrated fridge freezer, washing machine and slimline dishwasher, gas hob with extractor fan above and oven beneath, from the kitchen there is a step down to the dining area with is triple aspect looking onto and providing access to the rear garden. There are two double bedrooms and modern shower room comprising of walk in shower cubicle with rainfall and adjustable hand held shower heads, button flush W.C and hand wash basin with mixer tap with drawer storage beneath.External
The front garden has been predominately laid to block paving with a driveway providing ample off street parking leading to a covered car port.The rear garden is west facing and laid to lawn with patio area for seating and timber shed with power.Situated
On Western Road North, in the popular area of Sompting Village. Local shops can be found nearby on Test Road, Cokeham Road and Bowness Avenue. Lancing High Street is approximately 1 mile from the property and has a range of shops. Brooklands is located approximately 0.9 miles away and continuing down this road you will find yourself on Lancing beach. Local nurseries and schools can be found nearby The Ball Tree doctors surgery is located approximately 440 ft up the road. Your nearest train station is Lancing and is approximately 1.1 miles away. Your local bus route can be found nearby on Western Road.Council Tax Band C
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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