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£220,000 Offers over
Bedrooms
Bathrooms
We are delighted to offer for sale this deceptively spacious and well presented second floor apartment which occupies the whole second floor, situated down this popular road in Worthing Town centre close to local shops, amenities and mainline train station. The property boasts two double bedrooms, dual aspect living room, fitted kitchen & bathroom, communal rear garden & bike store and sold with no ongoing chain.
Internal The secure front door opens into the well maintained communal areas with stairs rising to the apartments private entrance, occupying the whole second floor. Positioned at the front of the property and benefiting from dual aspect views is the living/dining room, this light and airy room measures a generous 104' x 130' providing plenty of space for living and dining room furniture. This room features direct views out to the South Downs. The two double bedrooms measure a large 104' x 911' and 911' x 94' and can fit a double bed with ease alongside other bedroom furniture. The kitchen has been fitted with an array of oak effect shaker style wall and floor mounted units, topped with dark granite worktops to create a smart finish. There is plenty of worktop space, an integrated oven with gas hob and provisions for white goods. The bathroom has been fitted with a three piece white suite including a bath with overhead shower, toilet and hand wash basin. The apartment has been professionally decorated and re carpeted throughout.
ExternalTo the rear of this attractive development is a communal rear garden which has been laid to lawn and a covered bike store.
SituatedIn Worthing town centre, the property is in an ideal location for access to the Town centre with its comprehensive shopping, cafes, restaurants and seafront promenade. Local buses serve the area and Worthing mainline train station is less than 400 metres away.
Council Tax Band B
TenureLeasehold
Lease Length170 years remaining
Maintenance860 per 6 months
Ground Rent0
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.
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