4 bedroom semi-detached for sale

£500,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

We are delighted to offer for sale this four bedroom well extended semi detached house situated on level ground within this convenient residential location

Situated within easy access to Holmbush Centre (Tescos, Marks & Spencers & Next). The centre of Shoreham, with its mainline railway station, health centre, library and comprehensive shopping facilities, is approximately 1 1/2 miles distant. Kingston Beach and walks over the South Downs are both close at hand.

Pvcu double glazed composite front door through to:-

SPACIOUS ENTRANCE HALL Comprising understairs storage cupboard, radiator, tiled flooring, sunken spotlights, coving, door to cupboard with hanging rail and shelving.

GROUND FLOOR CLOAKROOM Comprising smoked glass pvcu double glazed window, low flush wc, hand wash basin, wall mounted Vaillant combination boiler, tiled flooring, part tiled walls, wall mounted heated towel rail, sunken spotlight.

SPACIOUS SEPARATE LOUNGE South aspect. Comprising pvcu double glazed window with fitted blind, coving, two contemporary ladder style wall mounted radiators, slide doors through to:-

MODERN KITCHEN/DINING ROOM North aspect. Comprising large pvcu double glazed ceiling lantern, laminate work surfaces with cupboards below and kickboard led lighting, matching eye level cupboards, inset five ring gas hob with contemporary extractor fan over, inset one and a half bowl sink unit with mixer tap, space for American style fridge/freezer, contemporary wall mounted ladder style radiator, matching integrated dishwasher, integrated oven/cooker. Further work surfaces with cupboards below. Breakfast bar with seating for four having integrated bin and wine cooler. Aluminium framed double glazed bi-folding doors with internal blinds leading out onto good size rear garden, opening through to:-

SEPARATE DINING ROOM Comprising integrated coal effect electric fire, sunken spotlights, door to:-

SELF CONTAINED GRANNY ANNEXE

KITCHEN AREA (Annexe) South aspect. Comprising pvcu double glazed window, laminate work surfaces with cupboards below and matching eye level cupboards, provision for washing machine, space for dryer, inset stainless steel single drainer sink unit with mixer tap, part tiled splashbacks, sunken spotlights, integrated wine rack, radiator.

SEPARATE STORAGE SPACE (Annexe) Comprising pvcu double glazed door from Kitchen, motorised up and over door out to front benefitting from power and lighting.

INTERNAL HALLWAY (Annexe) Comprising carpeted flooring, sunken spotlights, opening onto:-

SPACIOUS LOUNGE (Annexe) North aspect. Comprising pvcu double glazed bi-folding doors, two wall mounted contemporary ladder style radiators, sunken spotlights.

DOUBLE BEDROOM (Annexe) West aspect. Comprising smoked glass pvcu double glazed window, radiator, built in wardrobe with hanging rail and shelving, recessed shelving, door to:-

ENSUITE SHOWER ROOM (Annexe) Comprising fully tiled shower cubicle having a wall mounted electric shower, contemporary low flush wc, hand wash basin, recessed shelving, wall mounted heated towel rail, tiled flooring, fully tiled walls, extractor fan, sunken spotlights.

FIRST FLOOR LANDING Comprising two pvcu double glazed windows with fitted blinds.

BEDROOM ONE North aspect. Comprising pvcu double glazed window, radiator, coving, loft hatch access, built in wardrobe with hanging rail and slatted shelving.

BEDROOM TWO North aspect. Comprising pvcu double glazed window, radiator, built in wardrobe with hanging rail and shelving, sunken spotlights, coving.

BEDROOM THREE South aspect. Comprising pvcu double glazed window with fitted blind, radiator, coving, sunken spotlight.

MODERN SHOWER ROOM East aspect. Comprising smoked glass pvcu double glazed window, large walk in shower cubicle having an integrated shower with two grab rails and being fully tiled, hand wash basin with vanity unit below, contemporary low flush wc, extractor fan, wall mounted heated towel rail, part tiled walls, tiled flooring, sunken spotlights.

FRONT GARDEN Large block paved area affording off road parking for approximately four vehicles, three wall mounted lights, palm tree, outside tap.

GOOD SIZE REAR GARDEN Laid sandstone patio leading onto large lawn area having various shrub and plant borders, wooden pergola, timber built shed, summer house, six wall mounted lights, outside tap, fence enclosed.

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

£ 415200

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
    £ 12500
  • 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

£ 40200
  • 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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