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£1,000,000 Guide Price
Bedrooms
Bathrooms
'' 1,000,000 - 1,100,000 ''
INTERNAL/EXTERNAL
This spacious and versatile detached family home, just off Hove seafront, offers the perfect blend of modern comfort and seaside tranquility. The property features a good size separate living room, kitchen, dining room, utility room, four/five bedrooms, three bath/shower rooms, and a convenient cloakroom w/c.
The inviting layout is ideal for families, providing ample space for relaxation and entertaining. At the rear the garden is a great space to entertain or for children to play. From al-fresco dining to peaceful moments in nature, the possibilities are endless.
The house is a three minute walk from the seafront and the new Kingsway development (at the top of the road are brand new tennis and padel courts).
The house benefits from a large loft space, which has an LDC (Ref:BH2020/03387) to be converted into an additional floor of the house with double roof dormer, stretching the length of the property. There is also permission for a ground floor rear extension.
In its current format, there is also the option of creating a self-contained annexe flat on the ground floor.
LOCATION
In a stunning location close to the seafront and Hove Lawns, the home is conveniently situated close to Church Road and Richardson Road with an array of boutique shops, trendy cafs, bars and restaurants.
Central Brighton is within easy distance with local buses reaching the more extensive High Street shopping area and Churchill Square. Hove Station is approx. 1.4 miles away with fast and direct trains to London and Gatwick Airport. Green areas are readily accessible at Wish Park, Hove Lawns and Hove Park, with the South Downs a short drive away.
Local schooling options include Brighton Hove & Sussex Sixth Form College, Hove Junior School, Hove Park Secondary School and Sixth Form, Blatchington Mill Schools and Windlesham School and Nursery.
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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