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£240,000 Offers over
Bedrooms
Bathrooms
We are delighted to offer for sale this well presented one double bedroom ground floor flat, benefitting from direct sea views and having a private enclosed balcony.
Situated on level ground within 1/4 mile of the Foreshore and close to the Shoreham Beach First School. Local shops can be found in Ferry Road and the footbridge provides access to Shoreham Town Centre with its comprehensive shopping facilities mainline railway station and other amenities.COMMUNAL HALLWAY Security entry phone system, door through to:-
SPACIOUS ENTRANCE HALL - 7 9' x 6 3' (2.36m x 1.91m)Comprising parquet flooring, security telephone entry phone system, wall mounted cupboard electric fuse board and meter, separate cupboard enclosing emersion heater water tank.
MASTER BEDROOM - 12 0' x 10 1' (3.66m x 3.07m) to back of wardrobesWest aspect. Comprising pvcu double glazed windows, carpet, fitted wardrobe with hanging rail and shelving unit above, separate fitted wardrobe with hanging rail, electric heater, tv point.
MODERN FITTED BATHROOM - 7 8' x 5 5' (2.34m x 1.65m)West aspect. Comprising obscured glass pvcu double glazed window, vinyl flooring, heated towel rail, panel enclosed bath with shower attachment over, part tiled walls, pedestal hand wash basin with single mixer tap, wall mounted mirror, low flush wc.
OPEN PLAN LIVING AREA - 17 6' x 17 6' (5.33m x 5.33m) at maximum measurements.West and South aspect, benefitting from sea views. Comprising pvcu double glazed window, pvcu double sliding door opening out onto garden areas, parquet flooring, two electric heaters, TV point. KITCHEN: West aspect. Comprising pvcu double glazed window, a range of matching eye and base level units with square edge work surfaces over, part tiled splash backs, integrated single bowl and single drainer sink with single mixer tap, space and provision for washing machine, space and provision for under counter fridge, fitted oven with four electric hob above.
ENCLOSED BALCONY - 6 8' x 6 1' (2.03m x 1.85m)South aspect benefitting from direct sea views. Comprising pvcu double glazed window, artificial grass flooring, power points.
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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