3 bedroom detached for sale

£875,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

Situated at the far easterly end of the favoured Old Fort Road allowing immediate access to Shoreham Beach and the Foreshore. There is a footbridge just over a mile away which leads over the River Adur to Shoreham Town Centre which boasts popular bars, cafes, shops and restaurants along with a Health Centre, Library and a Mainline Railway Station.

SPACIOUS ENTRANCE PORCH Comprising PVCU double glazed door, tiled floor, PVCU double glazed windows, wall mounted light, further PVCU double glazed door leading on to;

SPACIOUS ENTRANCE HALLWAY Comprising radiator with attractive wooden surround, solid engineered oak wood flooring, coving, door to;

SPACIOUS DOUBLE ASPECT OPEN PLAN LOUNGE South & North aspect, comprising PVCU double glazed ceiling to floor window, further PVCU double glazed window, two radiators with attractive wooden surround, feature fireplace having an inset log effect electric fire, coving, engineered oakwood flooring, PVCU double glazed sliding door leading out on conservatory.

SPACIOUS OPEN PLAN DINING ROOM North aspect, comprising two PVCU double glazed windows, engineered oak wood floor, sunken spotlights, coving opening into;

OPEN PLAN KITCHEN BREAKFAST ROOM South aspect, comprising PVCU double glazed window, roll edge laminate work surfaces with cupboards below and matching eye level cupboards, inset four ring electric hob with oven below and extractor fan over, part tiled splashbacks, inset one and half bowl sink unit with mixer tap, wall mounted contemporary ladder style radiator, sunken spotlights, coving, door to;

UTLITY ROOM East aspect, comprising PVCU double glazed obscured glass window, PVCU double glazed door leading out onto side access, matching fitted cupboards with shelving, matching cupboard housing wall mounted combination boiler, space for fridge freezer, tiled floor, sunken spotlights, door to;

GROUND FLOOR WC North aspect, comprising obscured glass PVCU double glazed window, wall hung hand wash basin, low flush WC, tiled floor, part tiled walls

TRIPLE ASPECT CONSERVATORY Comprising polycarbonate roof, laminate floor, radiator, PVCU double double glazed double doors leading out on to rear garden.

FIRST FLOOR LANDINGComprising coving, two wall mounted lights, storage cupboard with hanging rail and shelving, built in seating and shelving.

EN-SUITE BEDROOM ONE South & East aspect with sea glimpses, comprising PVCU double glazed window, PVCU double glazed sliding door leading out onto full width balcony offering pleasant sea glimpses, two PVCU double glazed windows, laminate floor, built in wardrobes with hanging rail, loft hatch access, sunken spotlights, radiator, door to;

EN-SUITE SHOWER ROOM North aspect, comprising obscured glass PVCU double glazed window, fitted shower cubicle being fully tiled with recessed shelving having an integrated shower, hand wash basin with vanity unit below, low flush WC, fully tiled walls, radiator, sunken spotlights, coving.

DOUBLE ASPECT BEDROOM TWO South & West aspect, comprising PVCU double glazed windows, radiator, laminate floor, coving, walk in built in cupboard with hanging rail and shelving.

BEDROOM THREE North aspect benefitting from distant downland views, comprising PVCU double glazed window, coving, laminate floor, built in cupboard with hanging rail and shelving.

FRONT GARDENLarge block paved area offering off street parking for approximately three plus vehicles onto chipstone area, dwarf wall enclosed, three wall mounted lights, gated side access.

REAR GARDEN Large lawned area onto laid chipstone area, stepping up onto raised decked area with raised flower beds, timber built storage shed, gate to rear access - leading to;

OFF STREET PARKING Laid paving area offering off street parking for approximately two further vehicles.

CONVERTED DOUBLE GARAGE Studio Room comprising PVCU double glazed door, coving, laminate floor, benefitting from power and lighting.

COUNCIL TAXBand F



Features
  • Freehold

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

£ 724575

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
    £ 21875
  • 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

£ 68325
  • 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

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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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