3 bedroom town house for sale

£450,000

3

Bedrooms

1

Bathrooms

ENTRANCE HALL

KITCHEN 11 3" x 7 7" (3.44m x 2.32m) Fitted with a range of eye level and base units. Door leading to cellar (3.74m x 3.33m).

BATHROOM 7 3" x 8 0" (2.23m x 2.44m) Bath with electric shower over. Cupboard with gas fired boiler. Plumbing for washing machine. Door leading to WC with wash basin. Door leading to rear garden.

FIRST FLOOR

BEDROOM THREE 11 9" x 9 3" (3.59m x 2.84m) Double bedroom with original Victorian fireplace and built in wardrobe.

LOUNGE 10 2" x 16 0" (3.11m x 4.89m) Spacious room overlooking Fisher Street with Victorian fireplace.

SECOND FLOOR

BEDROOM TWO 11 10" x 9 4" (3.62m x 2.86m) Double bedroom with built in wardrobes and views over Sussex Downs and Lewes Golf Club.

BEDROOM ONE 14 10" x 11 4" (4.54m x 3.47m) Double bedroom with built in wardrobes.

THIRD FLOOR

BEDROOM FOUR / CRAFT ROOM 17 11 (into eaves)" x 12 6 (into eaves)" (5.46m x 3.81m) Views over surrounding countryside

OUTSIDE Large secluded and enclosed patio garden with garden shed. Right of way to Fisher Street.

SHOP The shop is let to a long established Barbers business with 4 years remaining of the lease, the current rent payable is 6000 per annum.

Lewes, the county town of Sussex supports a diverse culture with unique twittens and winding lanes where numerous antique shops, innovative galleries and independent boutiques can be found. Lewes boast many cafs and pubs and in many of these you will be able to enjoy a pint of Harveys the local beer that has been brewed in Lewes since 1790 and is still a private family business nestled in the heart of the town. The historic county town offers an excellent range of gastronomic delights with a plethora of pubs and restaurants spread around the historic landmarks of the Norman Castle and Ann of Cleves House.
The town boasts great sporting facilities including a leisure centre, a tennis and squash club, Rugby club and new state of the art football facilities as well as the famous Pells outdoor pool (the oldest outdoor spring fed freshwater pool in the UK).
Schooling in Lewes is exceptional and there are a range of well-regarded private and public schools offering education from primary schools right through to A levels. The universities of Sussex and Brighton are only a few miles away and can be accessed by road or via the public transport links.
Lewes also benefits from a mainline station offering direct trains to both Brighton and London as well as destinations East and West along the coast.

TRAIN TIMES
Lewes to Brighton 16 minutes
Lewes to London Victoria 65 minutes
Lewes to Gatwick 31 minutes
Lewes to Haywards Heath 16 minutes


TENURE & POSSESSION The property is offered freehold. No onward chain

Local Authority: Lewes District Council. Telephone: 01273 471600
www.lewes.gov.uk he council tax band for this property is C

EPC E

SERVICES ( Not Checked or Tested )
Mains Water
Mains Drainage
Electricity
Gas Central Heating

TOWN & COUNTRY PLANNING The property (notwithstanding any description contained in these particulars) is sold subject to any existing Town & Country Planning legislation and to any development plan, resolution or notice which may be in force and also subject to any statutory provisions or by-laws without any obligation on the part of the vendor or his agents to specify them.


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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

£ 373950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 11250
  • 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

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£

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

£ 36450
  • Mortgage Interest
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    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)
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  • Letting Fee
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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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

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

  • Cumulative Rental Profit
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Final Property Value

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