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£375,000 Offers over
Bedrooms
Bathrooms
We are delighted to offer for sale this spacious two double bedroom semi detached house benefitting from South facing garden situated in this new development.
Situated close to the downs and within a half a mile of local shops and amenities and within a few minutes drive of both the A27 and the Old Shoreham Road. Local buses provide regular services to Portslade Town centre and mainline railway station, Hove and BrightonComposite private front door through to:-SPACIOUS ENTRANCE HALL Comprising radiator, carpeted flooring, single light fitting, door to:-
OPEN PLAN LOUNGE/DINER South aspect. Comprising pvcu double glazed windows and double doors out onto South facing feature rear garden with distant sea and downland views. Radiator, carpeted flooring, single light fitting, understairs storage cupboard.
MODERN FITTED KITCHEN North aspect. Comprising pvcu double glazed window, laminate work surfaces with cupboards below and matching eye level cupboards, inset one and a half bowl stainless steel sink unit with mixer tap, inset four ring gas hob with oven below and extractor fan over, matching integrated fridge/freezer, dishwasher and washing machine, matching cupboard housing wall mounted combination boiler, vinyl flooring.
GROUND FLOOR WC North aspect. Comprising obscure glass pvcu double glazed window, low flush wc, radiator, pedestal hand wash basin with mixer tap and tiled splashbacks, vinyl flooring.
FIRST FLOOR LANDINGComprising radiator, carpeted flooring, loft hatch access, single light fitting,
SOUTH FACING MAIN BEDROOM Comprising pvcu double glazed window benefitting from distant sea and downland views, carpeted flooring, single light fitting.
BEDROOM TWO North aspect. Comprising pvcu double glazed window with distant downland views, carpeted flooring, overstairs cupboard with shelving.
MODERN FITTED BATHROOM Comprising panel enclosed bath with integrated shower attachment over benefitting from fully tiled walls, pedestal hand wash basin, low flush wc, large heated towel rail, vinyl flooring.
FRONT GARDENPathway leading to front door and around to side access, laid to slate chippings.
SOUTH FACING REAR GARDEN Stepping out onto patio area leading out onto lawned area steps down to lawn area and steps down to further lawned area, timber built shed, outside tap, gate to side access.
ALLOCATED PARKING SPACE
TENURE
Leasehold
LEASE: 250 years from 01.09.2021 - approximately 246 years remaining
MAINTENANCE: 696 per annum
GROUND RENT: Zero
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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