4 bedroom detached for sale

£800,000 Offers over

4

Bedrooms

2

Bathrooms

Floorplan

We are delighted to offer for sale this charming detached period property positioned within a short stroll of Southwick Green and local shops in Southwick Square.

Situated in a sought after residential area on the corner of Victoria Road/Park Lane opposite Southwick Green being conveniently located within walking distance of comprehensive shopping facilities in Southwick Square, with Doctors Surgery, Library, Community Centre, and local Barn Theatre. There is also a selection of pre-school nurserys, primary and secondary schools nearby. The railway station is a short walk away as is access to the lock gates leading to Southwick beach.

FEATURE ORIGINAL EXPOSED PORCH Comprising original front door with stained glassed window through to:-

ENTRANCE PORCH Comprising tiled floor, original coving, dado rail, door through to:-

SPACIOUS ENTRANCE HALL Comprising dado rail, original coving, under stairs storage space, radiator, wall mounted heating control panel, tiled flooring.

DOUBLE ASPECT OPEN PLAN THROUGH LOUNGE/DINER North/East & South/East aspect. Comprising original sash bay window, two further sash windows, three radiators, recessed shelving, feature fireplace having tiled inserts, built in cupboards, engineered oak wood flooring, original coving.

SEPARATE DINING ROOM/BEDROOM FIVE South/East aspect. Comprising original sash bay window with fitted roller blinds, two radiators, engineered oak wood flooring, feature fireplace having tiled inserts and hearth, original coving, recessed shelving, fitted cupboard with hanging rail, further cupboard over., door to kitchen.

GROUND FLOOR WET ROOM North/West aspect. Comprising stainless glass original window, low flush wc, fully tiled floor, fully tiled walls, wall mounted integrated shower with shower attachment, hand wash basin, wall mounted heated towel rail, wall mounted extractor fan.

DOUBLE ASPECT KITCHEN/BREAKFAST ROOM North/West and South/West aspect. Comprising aluminium framed double glazed window, original window, aluminium framed automated motorised slide door leading into rear garden, solid oak work surfaces with cupboards below, matching eye level cupboards, inset one and a half bowl stainless steel single drainer sink unit with mixer tap, inset four ring gas hob with extractor fan over, provision for washing machine and dishwasher, coving, part tiled walls, integrated oven/cooker, space for fridge/freezer, part tiled splashbacks, coving.

FIRST FLOOR LANDING Accessed via original split level staircase. Featuring large original sash window, dado rail and hatch to sizeable part boarded loft with power and lighting accessed with pull down ladder.

DOUBLE ASPECT BEDROOM ONE North/East and South/East aspect having pleasant views towards Southwick Green and Southwick Square. Comprising original sash bay window, further original sash window, two radiators, built in wardrobe with shelving, original coving.

BEDROOM TWO South/East aspect benefitting from views towards Southwick Green and Southwick Square. Comprising original sash window, two radiators, fitted wardrobe with shelving, original fireplace, original coving, solid wood flooring.

BEDROOM THREE North/West aspect. Comprising original sash window, radiator, fitted cupboard housing hot water tank , fitted cupboard with hanging rail and shelving.

BEDROOM FOUR North/West aspect. Comprising original sash window, radiator, solid wood flooring, original cast iron fireplace, recessed shelving.

SHOWER ROOM South/West aspect. Comprising original obscure glass sash window, part tiled walls, pedestal hand wash basin, low flush wc, wall mounted heated towel rail, shaver point, teak wood flooring, shower cubicle being fully tiled having an integrated shower with shower attachment, sunken spotlights.

FRONT GARDEN Original tiled walkway onto lawned area having various shrub and plant borders. Large paved area affording off road parking, gate to side access.

NORTH/WEST FACING REAR GARDEN Large decked area stepping down onto paved area having various mature shrub, tree and plant borders, outside tap, gate to front, door to garage., fence enclosed.

BRICK BUILT GARAGE Having motorised up and over door, benefitting from power and lighting, window, door to rear garden.



Features
  • Freehold

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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

£ 662700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

£

Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 20000
  • 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

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£

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

£ 62700
  • 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.

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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
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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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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