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£700,000
Bedrooms
Bathrooms
A well maintained end of terrace period property in the heart of Lewes, which could benefit from some modernisation. The property is a few minutes walk from the attractive Pells pond and wetlands/wildlife area. The district comes alive in the summer with the open-air swimming pool and play park and it is an easy 5 minute walk to Waitrose, Tesco or Aldi via North Street. The Fosse houses were erected on the site of a Roman camp that formerly occupied the area and the adjoining churchyard.
External features of this charming terrace include a front patio garden with plant beds and flint walls. To the side of the property is a path to the rear garden, with flower beds enclosed by trellis and a brick gate, with access rights to the rear of No2-No4 The Fosse.
The entrance to the property is via the front garden through the porch to the ground floor, which consists of a furnished hallway, a living room with brick fireplace and room for a log burner, and a dining room leading into a kitchen/diner with access to west facing back garden on both sides. The basement is equipped with lighting and ample storage space, creating excellent potential for further use.
The first floor landing boasts a beautifully presented study area, leading into a large bathroom with separate airing and WC area, a double bedroom with inbuilt storage cupboard and fireplace, and a further double bedroom. The second floor stairway features eaves storage and finally a spacious double bedroom with fireplace.
Lewes` historic town centre has many iconic period buildings and attractions as well as a vast range of independent shops, cafes, restaurants and public houses. The superb Depot Cinema and neighbouring main line Railway Station are approximately 10 minutes walk, with trains connecting to Brighton (20 mins), London Victoria (65 mins) and London Bridge (90 mins). Excellent walks close by can be enjoyed along the riverbank and up to the South Downs.
Hallway -
Sitting Room - 3.72 x 3.36 (122' x 110') -
Dining Room - 4.10 x 3.40 (135' x 111') -
Kitchen - 4.95 x 2.90 (162' x 96') -
Cellar - 4.93 x 3.65 (162' x 1111') -
Bedroom 1 - 4.93 x 3.43 (162' x 113') -
Bedroom 2 - 4.93 x 3.42 (162' x 112') -
Bathroom -
Bedroom 3 - 4.60 x 4.57 (151' x 1411') -
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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