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£950,000
Bedrooms
Bathrooms
A traditional 4 bedroom 1920s detached family home situated in a sought after location to the western edge of Lewes. This property boasts front and rear gardens, integral and detached garages and is being sold with no onward chain.
Being set on the inner ring of Houndean Rise, it enjoys excellent views of the South Downs, and superb walks all around. The bus stop is less than 2 minutes away with frequent services into the town centre and also to Brighton via the two Universities. It is approximately 20 minutes on foot to Lewes town centre and the Train station with direct services to London.
The county town of Lewes offers an excellent range of independent shops, three supermarkets (Waitrose, Tesco and Aldi), and a wide range of cafes, pubs and high quality sports facilities. There are both indoor and outdoor swimming pools, track and tennis facilities, and teams representing football, rugby, cricket and hockey. here are multiple highly regarded primary schools, Priory Secondary School and also Sussex Downs College within walking distance. The internationally recognised Glyndebourne Opera House is only four miles from Lewes.
Entrance Hall - 3.76m x 3.35m (124 x 11) -
Sitting Room - 4.88m x 3.96m (16 x 13) -
Dining Room - 4.27m x 3.96m (14 x 13) -
Conservatory - 3.20m x 2.90m (106 x 96) -
Kitchen - 3.76m x 3.02m (124 x 911) -
Integral Garage - 4.83m x 2.57m (1510 x 85) -
First Floor Galleried Landing - 4.27m x 4.27m (14 x 14) -
Bedroom 1 - 4.04m x 3.86m (133 x 128) -
Bedroom 2 - 4.09m x 3.05m (135 x 10) -
Bedroom 3 - 3.15m x 2.39m (104 x 710) -
Bedroom 4 - 2.84m x 2.16m (94 x 71) -
Study - 3.05m x 1.96m (reduced head height) (10 x 65 (red -
Further Detached Garage - 5.00m x 2.49m (165 x 82) -
Map location is not available for this property.
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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