2 bedroom mews for sale

£350,000 Offers in excess of

2

Bedrooms

2

Bathrooms

Floorplan

LOCATION Nestled in the heart of this very popular area in Poets Corner in Hove is this 2 bedroom mews house. The property is within a beautiful gated mews just off Coleridge Street in Hove. Close to Hove mainline railway station with access to Brighton and London railway stations and bus links to Brighton city centre.

Just a short walk away from the bustling George street with its variety of shops and bistros, Church Road with its popular restaurants and 15 minutes walk to the Hove seafront with the popular Hove Lawns and pebbled beach to enjoy the warm summer nights walking along the promenade.

An attractive and spacious 2 bedroom mews house situated within a gated community off the popular Poets Corner location of Coleridge Street. Secure with specific gate code this properties location offers you a quaint and quiet retreat where you can put your feet up and relax from the bustling Hove lifestyle on your doorstep.

The new front door for the property within this gated community is approached by a well maintained pathway within the gates.

Entrance Hallway -102 max by 74 L-shaped with access to all downstairs rooms and stairs to the first floor.

Shower Room - 59 x 34 Suite comprising of a hand wash basin and low level WC. Large shower cubicle partly tiled with plumbed in shower and shower screen. Gas Boiler concealed in cupboard.

Living Room - 122 x 87 Spacious room with plenty of light as adjoined to the Kitchen, Sash window overlooking mews.

Kitchen - 101 x 910 Beautifully designed Kitchen with a range of white wall and floor mounted cupboards, integrated appliances to include washing machine and dishwasher, sink with mixer tap, electric hob with extractor fan over and eye level oven with microwave over. Ideal for people keen on cooking with space to entertain. Sash double glazed windows overlooking mews. Sky light allowing plenty of light into Kitchen.

2nd Bedroom - 1011 x 711 Good sized bedroom with storage under the stairs and sash double glazed window to side.

Stairs leading to First Floor

Master Bedroom - 121 x 100 Spacious and light with sash double glazed window to side and plenty of space for bedroom furniture and freestanding wardrobes.

En-Suite Bathroom - 59 x 51 Suite comprising of a hand wash basin and low level WC. Mostly tiled with panelled bath and and plumbed in shower over with shower screen. Double glazed frosted window to the side.

Outside

Well maintained mews with plenty of room to put pot plants outside your front door.

If you are looking for a rental investment the property could let out for 1500pcm plus with a rental yield of 4.5%.

The current owners have suggested there is potential to extend above the kitchen but this would be subject to planning permission from the local authority and the owner or agent can not confirm this will be allowed. Buyers are advised to make their own enquiries if interested in pursing this.

Gas central heating with digital thermostat.

Council Tax Band - C.

The property is Freehold with a management company which was set up by one of the owners of the Mews to look after the communal areas and we would always suggest you check with your solicitor for any yearly upkeep costs.

OFFERED ON THE MARKET WITH VACANT POSSESSION AND NO ONWARD CHAIN - Ready to move in.



Identification checks Should a purchaser have an offer accepted on a property marketed by Martin & Co, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use an online service to verify your identity provided by HIPLA. The cost of these checks is 50 inc. VAT per purchase which is paid in advance, directly to HIPLA. This charge is non-refundable under any circumstances.

Features
  • Freehold

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 291450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 8750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 28950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

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  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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