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£240,000 Guide Price
Bedrooms
Bathrooms
We are delighted to present this ground floor seafront apartment to the market. The property comprises one well-proportioned bedroom, a spacious lounge/dining area, a modern fitted kitchen and a bathroom. One of its standout features is the private patio area, which offers picturesque views over the beautifully maintained communal gardens. Additional benefits include a allocated parking space located to the rear in the forecourt.
INTERNAL
Accessed via a communal front door leading into a well-maintained entrance hall, the apartments private front door opens into a welcoming hallway with access to all rooms and a convenient storage cupboard. The south-facing lounge/dining room is a bright and inviting space, enjoying pleasant views over the communal gardens. A door leads directly out to a private patioperfect for relaxing or entertaining. The generously sized bedroom features built-in wardrobes, offering excellent storage. The fitted kitchen is well-appointed with a range of wall and base units, and includes integrated appliances such as a microwave, fridge/freezer, oven, gas hob, dishwasher and washing machine. The bathroom is stylishly finished and comprises a bath with overhead shower and glass screen, a wash hand basin, and a WC.
EXTERNAL
The apartment enjoys a private ground floor patio that overlooks the beautifully maintained communal gardens, which feature a variety of mature plants and inviting seating areasideal for enjoying peaceful outdoor moments. Additionally, the property benefits from an allocated parking space located within the forecourt at the front of the development, offering convenient and secure parking or extra storage.
SITUATED
on West Parade within a stones throw of Worthing Seafront. Local amenities can be found on Heene Road within a quarter of a mile. Worthing Town Centre with its comprehensive shopping amenities, restaurants, pubs, cinemas, theatres and leisure facilities is approximately three quarters of a mile away. The nearest station is West Worthing which is approximately one mile away. Bus services run nearby.TENUREYour 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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