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£260,000 Guide Price
Bedrooms
Bathrooms
We are delighted to offer for sale this two bedroom ground floor apartment with a private balcony and river views.
Conveniently situated adjacent to the River Adur and within approximately 500 yards of the foreshore. Local shops can be found in Ferry Road, whilst more comprehensive shopping facilities, restaurants and bars can be found in Shoreham town centre. The library, health centre and mainline railway station are also close by, and Brighton and Worthing are both easily accessible and are approximately 5 miles to the East and West respectively.Front door through to:-SPACIOUS ENTRANCE HALL Comprising spotlights, wall mounted entry phone system, built in storage cupboard housing alarm system control panel, single light fitting, further storage cupboard housing hot water tank with slatted shelving.
OPEN PLAN LOUNGE / KITCHEN / DINING ROOM North aspect benefitting from direct river views and distant downland views. Comprising pvcu double glazed sliding doors leading out onto PRIVATE BALCONY. Roll edge laminate worksurfaces with cupboards below and matching eye level cupboards, stainless steel one and a half bowl sink unit with drainer board and mixer tap, integrated appliances include four ring gas hob with oven below and extractor fan over, fridge/freezer, dishwasher, washing machine. Wall mounted Potterton boiler, spotlights, radiators.
BEDROOM ONE South aspect. Comprising pvcu double glazed windows, radiator, single light fitting, built in wardrobe with hanging rail and shelving, carpeted flooring.
BEDROOM TWO South aspect. Comprising pvcu double glazed windows, radiator, contemporary light fitting, carpeted flooring.
BATHROOM Comprising panel enclosed bath with an integrated shower attachment over, wall mounted hand wash basin with vanity unit below, low flush wc, part tiled walls, radiator, wood effect vinyl flooring.
TENURE
LeaseholdLEASE: 125 years from 1st June 2005, 105 Years RemainingMAINTENANCE: 1738 per annumGROUND RENT: 150 per annumALLOCATED PARKING
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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