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£375,000 Offers over
Bedrooms
Bathrooms
We are delighted to offer for sale this spacious two double bedroom third floor apartment with a balcony and roof terrace overlooking the River Adur and Shoreham Town.
Situated in the heart of Shoreham town centre, being minutes from the health centre, library, and mainline railway station. Various restaurants and cafes can be found in the High Street, whilst Shoreham Beach is only a short walk over the footbridge.Communal front door with secure entry system through to:-
COMMUNAL ENTRANCE HALL: Stairs and passenger lift up to third floor landing, private front door through to:-
ENTRANCE HALL Comprising door entryphone system, spotlights. Cupboard housing new Ideal Atlantic boiler, lighting and shelving. Utility cupboard with light, having provision for washing machine, tiled flooring and shelving. Further storage cupboard with lighting, shelving and laminate flooring.
BATHROOM Comprising panel enclosed bath with chrome mixer taps and shower attachment, wall mounted basin with chrome mixer tap, low flush wc, heated towel rail, tiled effect vinyl flooring, part tiled walls, spotlights, extractor fan.
BEDROOM TWO North aspect. Comprising pvcu double glazed window with distant views towards to the South Downs, radiator, contemporary light fitting, laminate flooring.
DUAL ASPECT OPEN PLAN KITCHEN/LIVING ROOM North and East aspect.
Lounge Area: Comprising pvcu double glazed windows and single door to Balcony, further pvcu door to additional Balcony/Roof Terrace, contemporary light fittings, spotlights, radiator.Kitchen Area: Comprising roll edge laminate work surfaces, matching base and eye level cupboards, one and a half bowl stainless steel sink with mixer tap, integrated appliances include Blomberg dishwasher, Bosch electric fan oven, Bosch gas hob and Bosch extractor fan. Space for fridge/freezer. Spotlights, extractor fan.BALCONY Having panoramic views over the River Adur and distant downland views, also distant views over Shoreham town. Decked flooring with artificial lawn and wooden balustrade.
BEDROOM ONE North aspect benefitting from distant views of the South Downs. Comprising aluminium framed double glazed doors and windows leading out onto balcony/roof terrace, radiator, decorative lights, fitted corner wardrobes benefitting from hanging rail and shelving, carpeted flooring, door to:-
ENSUITE SHOWER ROOM Comprising enclosed shower cubicle with integrated shower, low flush wc, wall mounted hand wash basin with mixer tap, heated towel rail, spotlights, part tiled walls, extractor fan.
PRIVATE ROOF TERRACE North aspect benefitting for distant views towards the South Downs and roof top view over Shoreham Town. - Decked flooring with artifical lawn, having aluminium and glass balustrade.
SPACIOUS SECURE UNDERGROUND PARKING SPACE Benefitting from easy access and having no other parking spaces surrounding.
COMMUNAL GARDENS
TENURE
LeaseholdYour 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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