6 bedroom semi-detached for sale

£425,000

6

Bedrooms

2

Bathrooms

Floorplan

LOCATION Moulsecoomb is mostly surrounded by downland, open to the east and wooded to the west, where it is formally known as Moulsecoomb Wild Park. This is a local nature reserve. The area is mostly post war housing with terraced and semi detached housing which caters for families and students who attend the 2 largest universities in Brighton. Bus links serve the area regularly into Brighton and Lewes road with easy access to local supermarkets, schools and shops.

PROPERTY DESCRIPTION This semi detached house which sits on a triangular plot near the end of Halland road offers plenty to do for garden lovers with them on 3 sides of the property. Inside the house is an abundance of space from the open plan living room and fully fitted kitchen. 2 really good sized bathrooms on each floor and 6 spacious bedrooms. Ideal for a family looking to settle down in Brighton or investors with desires to rent the house.

The property comprises of the following:

Enclosed by hedges with path leading to front garden and front door.

Entrance Hallway - Small cupboard and hooks for coats with radiator under, access to bedroom 3 and Open plan living space.

Open Plan Kitchen with living room - 226 x 174 - Range of wall and floor mounted cupboards with rolled edged worksurfaces along one wall and in the middle of the kitchen, Appliances include 2 large fridge freezers, dishwasher, 1 washing machine, 1 tumble dryer, cooker with hob and extractor fan over. Sink with mixer tap, storage cupboard under stairs, wall mounted Ideal boiler, double glazed windows to front and door access to rear garden. Living room has laminate flooring and plenty of space for sofas and chairs.

Inner Hallway - 410 x 26 Small area before you access bedroom 1 and 2. Wash hand basin.

Bedroom 1 - 122 x 109 Double glazed window to rear and wooden flooring. Radiator.

Bedroom 2 - 138 x 910 Double glazed window to rear and wooden flooring. Radiator.

Bedroom 3 - 109 x 911 Double glazed window to rear and fully carpeted. Radiator. Shelving on walls.

Bathroom - 711 x 64 White suite comprising of wash basin, low level WC, electric towel rail, electric shower in cubicle and window to side.

Stairs from entrance hallway to first floor landing with double glazed window to front and cupboard.

Bathroom - 64 x 61 White suite comprising of panelled bath with electric shower over with shower screen and curtain. wash hand basin, low level WC, towel electric rail. Frosted double glazed window to front.

Bedroom 4 - 118 x 94 Double glazed window overlooking rear garden, radiator, large storage cupboard under eaves. Fitted cupboard.

Bedroom 5 - 141 x 91 Double glazed window overlooking rear garden. Radiator. Fitted cupboard.

Bedroom 6 - 100 x 79 Double glazed window to front. Fitted cupboard.

Outside

Front Garden is mainly laid to lawn and enclosed by hedging, leads round to side garden with access to:

Rear Garden - path way around rear of house and steps with to raised garden area with 2 sheds, mainly laid with lawn and to the rear established trees, enclosed by fences.

Agents notes:

Please note furniture and appliances in the property could be considered in any offer with further discussions from the buyer and seller.

Viewings by appointment only.

Council Tax Band C

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

£ 353325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 10625
  • 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

£ 34575
  • 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

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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

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  %

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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