3 bedroom detached for sale

£775,000 Offers over

3

Bedrooms

1

Bathrooms

Floorplan

Summary

Full of warmth, character and potential, this distinctive detached home occupies a generous plot framed by mature hedging and colourful planting. Offering spacious accommodation, glorious wraparound gardens and a peaceful elevated position between the South Downs and the coast, this is a rare opportunity to secure one of Ring Roads most charming family residences. Development Potential subject to permissions.

Internal

A welcoming hallway leads to a bright dual-aspect living room, bathed in natural light from its wide picture windows and enjoying garden views and a southerly aspect. The formal dining room opens into a sunny garden room and back around to the kitchen, creating a perfect flow for entertaining or relaxing. The kitchen/breakfast room offers excellent workspace, ample storage including a large pantry, and a sociable breakfast bar, complemented by a utility room and cloakroom/WC.

Upstairs, a generous landing gives access to three double bedrooms, one featuring a bay window and the principal bedroom benefiting from a private balcony with outlooks and panoramic sea views and over Lancing. A good sized family suite comprises bath and separate shower. The layout provides generous proportions and plenty of scope to modernise or extend (STPP) to create a dream forever home.

External

The gardens are a true highlight a beautifully established sanctuary alive with texture colour and wildlife. Winding paths lead through lawns, flowering borders and mature trees to secluded seating areas, a charming summerhouse, and wildlife/fishponds that adds a tranquil ambience. There is also a productive vegetable garden, with a raised bed, large fruit cage with mature soft fruit bushes, and a green house. Further seating terrace offer a blend of leisure and lifestyle. The front of the home enjoys superb kerb appeal with climbing foliage and a gently sloping lawn, while a garage and private driveway provide convenient parking.

Situated

Positioned on Ring Road, one of North Lancings most desirable addresses, the property enjoys a peaceful setting with direct access to the South Downs National Park through a back gate and just a short distance from Lancing village, the beach and mainline station (direct trains to Brighton and London Victoria). Excellent local schools, shops, and easy access to the A27 and A24 make this a prime location for families, commuters and nature-lovers alike.

Map location is not available for this property.

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

£ 642075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 19375
  • 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

£ 60825
  • 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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