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£800,000 Offers over
Bedrooms
Bathrooms
We are pleased to offer the opportunity to purchase a detached, chalet bungalow in South Ferring. The property offers four bedrooms, three bathrooms, fitted kitchen, good size lounge and conservatory. The chalet bungalow also benefits from a west facing rear garden, garage and off road parking for several cars. The property is only a short walk away from Ferring Seafront and has views across Goring Gap.
INTERNAL
Front door leading into the good size entrance hall which has access to all ground floor rooms. The dual aspect bespoke fitted kitchen with double glazed windows overlooking Goring Gap; comprising of wall mounted eye and low level cream storage cupboards, drawers and display cabinets, with fitted granite work surface over and tiled splash back. Inset one and a half bowl stainless steel sink, space for American style freestanding fridge/freezer and rangemaster cooker included in the sale, integrated dishwasher and cupboard housing Combi boiler. The lounge offers double glazed windows with fitted shutters, log burner with timber beam and bi fold doors leading out to the second reception room. The sun room offers views across to the rear garden and double doors out to the garden and doors leading into the fourth bedroom/ dining room. The primary bedroom is located to the front of the property on the ground floor with fitted wardrobes and door leading into the ensuite shower room. The en suite shower room comprises of shower cubicle, electric shower, wash hand basin, WC, shelving and water softener. The fourth bedroom is currently being used as a dining room and offers built in storage, door into the garage and double doors out to the conservatory. The ground floor bathroom offers P-shaped paneled bath with shower over and glass shower screen. Hand basin set in storage unit with cupboards under and low level WC. Obscured double glazed window, heated towel rail. The first floor landing offers space and doors leading to the first floor bedrooms. Bedroom Two is located to the front with views over Goring Gap with eaves storage and the third bedroom is located to the rear with eaves storage. The first floor shower room comprises of shower cubicle, wash hand basin and WC.EXTERNAL
Driveway offering parking for multiple vehicles, with flowerbed and walled boundaries, timber gate giving access to the rear garden. The rear garden is west facing mainly laid to lawn with paved patio area, shrub, tree and flowerbed borders, timber shed and hot tub (will remain as part of sale) and door leading into the garage. The garage has an up and over door, plumbing and space for washing machine. The property also benefits from solar panels on the roof.SITUATED
Ferring seafront is located at the bottom of Sea Lane which is only 350 yards away from the property. The property overlooks Goring Gap with Field views from the kitchen and second bedroom. Ferring high street is located 0.7 miles away with a range of amenities and Worthing town centre is approximately 3 miles away with comprehensive shops, restaurants and theatres.COUNCIL TAX BAND
F
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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