6 bedroom semi-detached for sale

£1,100,000

6

Bedrooms

2

Bathrooms

Floorplan

INTERNAL Approached via a low walled, large driveway, the property enjoys attractive bay fronted red brick and tile elevations. A storm porch frames the stunning original timber framed front door which opens onto the spacious entrance hall. With a large bay window overlooking the tree lined street, the separate sitting room is generously proportioned with neutral carpeting and paint palette. To the rear sits the impressive and wonderfully bright kitchen diner; a fantastic social/family space and French doors which give direct access to the landscaped rear garden. The kitchen comprises of a matching range of wall and base units and houses all the kitchen appliances. The separate utility room is neatly tucked away off the kitchen with plumbing for a washing machine and access to a generously sized garage. Access to the garage is also available via double doors from the driveway. A turning staircase to the spacious first floor landing benefits from a large southerly aspect window flooding the hallway and landing with natural light. Bedroom one resides at the front of the property with a pleasant outlook over the treelined street. Bedrooms two and three sit at the rear of the house overlooking the garden. To the first floor youll also find a family bathroom and a large storage cupboard. A further turning staircase in keeping with the original rises to the loft extension, of which accommodates three further bedrooms and another bathroom. There is also access to a large loft room which has been fully boarded and is accessible via an electric ladder.

EXTERNAL Newly landscaped, the stunning rear garden is impressive in size, wonderfully private and benefits from a Westerly aspect. With a perfectly plush lawn and raised patio area with shrub borders.

LOCATION Portland Avenue is a wide tree-lined street in a sought-after location situated off New Church Road, Hove. The property is ideally positioned for well-regarded local schools, the Lagoon, Wish Park with Hove seafront and promenade being less than a quarter of a mile distant to the South. Nearby local shops and amenities are situated in Portland Road and Richardson Road parades, New Church Road leads directly to Hoves main thoroughfare which offers a wide selection of shops, eateries, and independent boutiques. In addition, road links are very good for Brighton city centre, London via the M23 and many towns and villages along the A259 coastal road. The district is well served with regular bus services providing access into the city centre, Hove mainline railway station is approximately 1.3 miles distant. Portslade and Aldrington train stations are both less than a mile away.

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

£ 906450

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
    £ 27500
  • 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

£ 81450
  • 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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