3 bedroom semi-detached for sale

£425,000 Offers over

3

Bedrooms

1

Bathrooms

Floorplan

We are delighted to offer for sale this charming extended three bedroom semi detached house situated within this popular cul-de-sac location being offered for sale with no ongoing chain.

Situated in this sought after location. Holmbush Shopping Centre which incorporates Marks & Spencers, Costa, Next and Tescos are within a mile of the property. Within walking distance to bus routes for Brighton, Shoreham & Worthing. Whilst, the centre of Shoreham is within 1 mile, which has more comprehensive shopping facilities, health centre, library and mainline railway station.

Door through to:- STORM PORCH Double doors leading to:-SPACIOUS LOUNGE West aspect. Comprising large pvcu double glazed window with fitted blinds, radiator, coving, cupboard housing wall mounted electric meter, understairs storage cupboard with shelving, feature fireplace having an inset coal effect electric fire with shelving.

OPEN PLAN EXTENDED DINING ROOM East aspect. Comprising double glazed window, pvcu double glazed slide door leading out onto rear garden, two radiators, coving, recess shelving, two wall mounted lights, airing cupboard housing floor mounted Potterton Kingfisher boiler with factory lagged hot water tank and slatted shelving.

OPEN PLAN KITCHEN North aspect. Comprising window, roll edge laminate work surfaces with cupboards below, matching eye level cupboards, inset four ring electric hob with oven below having an extractor fan over, inset one and a half bowl sink unit with mixer tap, part tiled splash backs, space and provision for fridge/ freezer, engineered oak wood flooring.

CLOAK ROOM Comprising double glazed window, low flush wc, radiator, hand wash basin, door leading out onto side access.

Handcrafted bespoke feature oak staircase leading up to:-FIRST FLOOR LANDING Comprising loft hatch access, built in cupboard with shelving, further built in cupboard with slatted shelving, pvcu double glazed window with fitted blind benefitting from distant rooftop and downland views.SEPERATE WC East aspect. Comprising obscure glass pvcu double glazed window, low flush wc, two grab rails.

BEDROOM ONE West aspect, benefitting from distant downland views. Comprising pvcu double glazed window, radiator, range of fitted wardrobes with hanging rail and shelving.

BEDROOM TWO East aspect. Comprising window, radiator, fitted wardrobe with hanging rail and shelving.

BEDROOM THREE West aspect, benefitting from distant downland views. Comprising pvcu double glazed window, radiator, built in cupboard with hanging rail and shelving.

WET ROOM North aspect. Comprising obscure glass pvcu double glazed window, wall mounted electric shower with grab rail and built in seat, hand wash basin, radiator, fully tiled walls, extractor fan.

FRONT GARDENLarge paved area onto large lawned area having various shrub, tree and plant boarders, affording off-road parking for 3+ vehicles, wall mounted light.

MATURE REAR GARDEN Large lawned area having various mature shrub, tree and plant boarders, sunken pond with built in filter and rockery surround, green house, timber built summer house, potting area, door to covered lean to benefitting from power and lighting offering useful storage area.

BRICK BUILT DETACHED GARAGE Benefitting from power and lighting.

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

£ 353325

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
    £ 10625
  • 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

£ 34575
  • 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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