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£250,000
Bedrooms
Bathrooms
We are delighted to offer for sale this spacious and well presented retirement apartment forming part of this sought-after development in the heart of Worthing town centre, close to amenities, mainline train station and seafront. This development is surrounded by beautifully maintained communal gardens with the property boasting two double bedrooms, west facing lounge/diner, fitted kitchen, en suite bathroom and shower room and is being sold with no ongoing chain.
Internal A communal front door with secure entry telephone system giving access to the communal entrance hallway with stairs and passenger lift rising to the first floor. The private front door opens to the welcoming hallway with doors to all rooms and an exceptionally large storage cupboard. The generously sized lounge/diner faces due west making this an exceptionally light and airy room and with generous measurements of 207' x 109 there is plenty of space for furniture. The south facing kitchen has been fitted with an array of floor and wall mounted units with laminate worksurfaces, eye-level oven and space for multiple appliances such as: fridge/freezer, washing machine and dishwasher. Both double bedrooms face west and measure 140' x 108' and 113' x 88' with plenty of space for a large double bed and other free standing furniture. The main bedroom features an en suite bathroom fitted with a bath with shower overhead, toilet and hand wash basin. The second and main bathroom has a corner shower, toilet and hand wash basin.
External This attractive development is surrounded by well tended and mature communal gardens with a number of planted borders lining the boundaries. There are benches conveniently positioned throughout, offering a place to relax and enjoy these secluded garden spaces. The development benefits from undercroft parking which is on a first come first serve basis and is accessed via the lift.
Situated In this sought-after road on the outskirts of Worthing town centre allowing easy access to a wide range of shops, pubs, restaurants and leisure facilities. Worthing seafront promenade can be found approximately 350 metres from the property. Worthing Central line railway station is approximately 1 mile away and offers links to both London and Brighton. If you should prefer to travel by bus you also have good access to a range of bus routes which will take you to the near by districts.
Tenure - Leasehold
Lease Length - 102 years remaining
Maintenance - 5819.60 per annum
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.
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