4 bedroom terraced for sale

£405,000

4

Bedrooms

2

Bathrooms

Floorplan

LOCATION Nestled mid terraced near Preston Circus in Brighton close to local shops, public houses and cafes this property gives you easy access to all that Brighton and Preston Park can offer you. Brighton mainline train station is within 10 minutes walk with regular routes to London and beyond. 5 minutes walk from London Road railway station which is the Lewes line with 2 stops to Falmer. Bus links throughout the city of Brighton. London roads famous market and the level are close by and if you are looking for more recreational pursuits why not walk a few minutes to Preston Park with its large green open spaces with tennis courts and ideal for cycling and running activities.

PROPERTY DESCRIPTION Versatile 4 double bedroom house which is a ideal family home. West Facing sunroom and garden.

The property comprises of the following rooms:

Entrance Hallway - Access to all downstairs rooms. Radiator.

Under stairs WC - 45 x 23 With hand wash basin and low level WC.

Living Room - 121 x 116 Bay window offering lots of light into the room, radiator.

Bedroom 4 - 121 x 102 Double glazed door to rear garden. Radiator.

Kitchen 132 x 83 Range of wall and floor mounted cupboards with rolled edged worksurfaces, stainlees steel sink with hot and cold taps, cooker with hob with tiled splashbacks, space for appliances to include washing machine and free standing fridge freezer, radiator, double glazed window to side and window to rear, floor mounted boiler. Access to:

Sun Room 121 x 86 Light and spacious room which is westerly facing. Double glazed window to side and door to the garden. Ideal for entertaining with plenty of room for a table and chairs.

Stairs leading from ground floor to first floor landing.

Bedroom 1 - 117 x 1011 Bay front windows to the front, radiator.

Bedroom 2 - 123 x 104 Double glazed window to the rear, radiator.

Bedroom 3 - 108 x 83 Double glazed window overlooking the rear garden and frosted window to side, radiator.

Bathroom - 81 x 47 White suite comprising of shower cubicle with electric shower enclosed, low level WC, electric chrome towel rail, hand wash basin and frosted double glazed window to the front.

Outside

Rear Garden - A particular feature of the house with a calming and relaxing feel, space for table and chairs, plants and flowers. Established tree and west facing aspect to catch the afternoon sun.

Council Tax Band - C

Parking is on street outside the property over the road and this is pay and display or permit which can be obtained by the local council subject to costs and availability.

Viewing is by appointment only. NO ONWARD CHAIN.

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

£ 336825

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 10125
  • 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

£ 33075
  • 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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