Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£290,000 Guide Price
Bedrooms
Bathrooms
We are delighted to present to the market this charming ground floor garden apartment. This well-appointed property features two spacious double bedrooms, a bright and airy open-plan kitchen and living area and a modern bathroom. The apartment also boasts a private, south-facing garden, offering an ideal space for outdoor relaxation. Additional benefits include a long lease and a share of the freehold. Conveniently located within walking distance to the Goring Road shops and West Worthing Railway Station, this property offers both comfort and accessibility.
INTERNAL
Upon entering, youll find a communal entrance with a security entry phone system, leading into the shared hall. The front door opens into a welcoming entrance hall, providing access to all rooms. At the front of the property, a modern kitchen/living space boasts a south-facing bay window, allowing natural light to flood the room. This dual-aspect space features contemporary kitchen units and is fully equipped with integrated appliances, including washing machine, fridge/freezer, oven, gas hob, sink and drainer, along with a gas-fired combi boiler. The property offers two generously sized double bedrooms, ensuring comfort and space. The bathroom offers fully tiled walls, bath featuring a shower overhead, a glass screen, a wash hand basin with storage below, and a WC. Off the entrance hall, there is a utility cupboard, providing convenient space for a tumble dryer and additional shelving for storage.
EXTERNAL
This property boasts a private, south-facing garden, accessible through a timber gate. The garden is beautifully laid with paving and bordered by laurel hedging, ensuring both privacy and tranquility. It offers ample space for decorative pots, plants, and a comfortable seating area, perfect for relaxing or outdoor dining.SITUATED
Conveniently located near Goring Road Shops, which offer a variety of amenities including convenience stores, coffee shops, banks, and a pharmacy, this property benefits from easy access to local services. Situated on Reigate Road, it is well-served by bus routes along the high street, and West Worthing train station is just 0.4 miles away. The stunning Worthing seafront is a short walk at the end of Wallace Avenue, while Worthing town centre, with its wide selection of shops, restaurants, and theatres, is approximately 1.5 miles away.TENURE
TENURE
Share of Freehold & Leasehold: 123 Year Lease
Service Charge: As & When Split Between 6 Flats
Buildings Insurance: Roughly 340 per annum
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
