4 bedroom house for sale

£1,500,000 Offers over

4

Bedrooms

3

Bathrooms

Floorplan

INTERNAL

This stunning and rare, exceptionally large ground floor and lower ground floor mansion flat was designed and built as part of a grand house in 1904 by William Willett. This one-of-a-kind property has been fully renovated throughout by the current owners to a very high standard and boasts an array of impressive features that are sure to appeal to the most discerning buyer. The building is situated on a very desirable road amongst other period properties and is an impressive brick-built Victorian style building with bay windows, terracotta detailing and a grand main entrance. The main entrance is for the sole access to this mansion flat and upon entering, the vestibule and impressive hallway retain many original features which have been lovingly restored and retained.

On the ground floor, the property offers three spacious reception rooms, all with period details blended with modern convenience. They provide ample space for entertaining guests or relaxing with family. The traditional dining room is a great space to host cosy dinner parties, and the open-plan kitchen-diner is ideal for cooking and dining in a more modern setting. The built-in Miele, Neff and Quooker appliances are integrated in a solid-wood handmade kitchen, boasting marble worktops and a breakfast bar. This space is the heart of the home and offers plenty of room for hosting dinner parties and family living. The Juliet balcony gives an uninterrupted view into the garden for all seasons. A convenient WC is also located on this floor.

The elegant limestone feature staircase connects the traditional part of the home with the lower-ground floor and at this point you enter a serene, spa-like space with four well-proportioned double bedrooms. The fully insulated limestone flooring has underfloor heating for cosy winters, yet is wonderfully cooling during hot summers. This peaceful floor includes a master bedroom with a luxurious en-suite and walk-in dressing and wardrobe area. This mansion flat offers ample space for larger families to spread out in or those in need of extra room for living or visiting guests. In addition, there is a guest room with en-suite facilities, perfect for accommodating visitors in comfort and privacy. Two further double bedrooms complement this very private feeling space.

The property also features a family bathroom with bath, and a significant storage area with a separate utility and laundry room, ensuring that all practical needs are met.

The added benefit of a share of freehold in this building adds further appeal, with the opportunity to have significant impact in the management of the building.

This ground-floor and lower-ground floor mansion flat offers a blend of elegance, comfort, and practicality, making it a highly desirable property for anyone looking for a spacious and stylish home.

EXTERNAL

The west-facing large private garden is a tranquil sanctuary, complete with a garden room and two decked areas for relaxing and dining. The garden has been lovingly developed with mature planting and trees to give it a secluded feel it really is a sanctuary to enjoy. There is a separate vegetable garden to the side of the property, ideal for enjoying outdoor living in a peaceful setting.

For those with vehicles, the property includes a garage with power, light and water providing secure storage. Additionally, there is off-street driveway parking for the sole use of this flat, for up to three cars. The owners have installed a dedicated EV charging point located on the driveway for added convenience.

LOCATION

Located on The Drive, this fabulous home allows for a short walk to central Hove shops and restaurants; Hove railway station is a five-minute walk away with its connections to London; Hove Recreation Ground, Hove Park and indeed the sea. It is also conveniently close to several popular schools, making it a true gem and family home.

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

£ 1256450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 37500
  • 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

£ 131450
  • 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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