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£575,000
Bedrooms
Bathrooms
Located in the very popular area of FIVEWAYS is this 4 bedroom house arranged over 3 floors in need of some updating. Some of the other property highlights include; the en-suite shower room, PRIVATE REAR GARDEN & utility room. NO ONWARD CHAIN. Viewings are highly recommended. Energy Rating: D67 Exclusive to Maslen Estate Agents.
What the owner says:
'We have very much enjoyed owning our house in Hollingbury Road for the last twenty years. Its hard to find somewhere in Brighton thats as well located, with easy access to the town centre and main roads out yet with its own shops and eating places nearby. The area is on the up and every year there seems to be a new deli or specialist food place opening.
The house is comfortable and spacious and all the rooms are a good size with plenty of light. Whoever buys the house will see that there is great potential to extend and upgrade, particularly with the ground floor and the garden and the loft. It could be a great family home with good local schools and plenty of transport options, and with both universities within easy reach.
Front door to:
Hallway - Stairs rising to first floor, stairs descending to lower ground floor, radiator, wall mounted heating thermostat, doors to all rooms.
Lounge - Bay window to front, radiator, feature fireplace with tiled hearth, picture rail, period coving, double doors opening to:
Kitchen/Breakfast Room - Range of wall & base units with roll edged work surfaces over, inset stainless steel single drainer sink unit with mixer tap, inset 4 burner hob with integrated oven below, cooker hood above, space for fridge/freezer, space for table & chairs, part tiled walls, laminate flooring, radiator, window to rear.
Bathroom - Low level close coupled WC with push button flush, wash hand basin with hot & cold taps, panelled bath with mixer tap, further hand held shower attachment, built in storage cupboard, radiator, extractor fan, part tiled walls, laminate flooring, window to rear.
First Floor -
First Floor Landing - Hatch to loft space, doors to all rooms.
Bedroom - Window to rear, radiator, wash hand basin with hot & cold taps.
Bedroom - Window to rear, radiator, wash hand basin with hot & cold taps, wooden floorboards.
Bedroom - Bay window to front, radiator, built in storage cupboard, wooden floorboards, door to:
En-Suite Shower Room - Low level close coupled WC with push button flush, pedestal wash hand basin with hot & cold taps, corner shower cubicle with wall mounted shower unit, extractor fan, part tiled walls, tiled floor, window to front.
Lower Ground Floor -
Utility Room - Range of base units with roll edged works surfaces over, wash hand basin with hot & cold taps, space & plumbing for washing machine, space for tumble dryer, wall mounted boiler, part tiled walls, laminate flooring, door to rear garden, door to:
Bedroom - Window to rear, radiator, wooden floorboards.
Outside -
Rear Garden - Mainly laid to lawn, shrubs & trees, enclosed by brick walling.
Total Approx Floor Area - 116 sq.m. (1249 sq.ft.)
Parking Zone G -
Council Tax Band C -
V2 -
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £2,486.68
Total Interest: £320,206.41
Overall Total: £895,206.41
Amortization For Monthly Payment: £2,486.68 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £18,230.71 | £11,609.50 | £563,390.50 |
| 2026 | £17,853.71 | £11,986.51 | £551,403.99 |
| 2027 | £17,464.46 | £12,375.75 | £539,028.24 |
| 2028 | £17,062.58 | £12,777.63 | £526,250.61 |
| 2029 | £16,647.64 | £13,192.57 | £513,058.04 |
| 2030 | £16,219.24 | £13,620.98 | £499,437.06 |
| 2031 | £15,776.91 | £14,063.30 | £485,373.76 |
| 2032 | £15,320.23 | £14,519.98 | £470,853.78 |
| 2033 | £14,848.71 | £14,991.50 | £455,862.28 |
| 2034 | £14,361.89 | £15,478.33 | £440,383.95 |
| 2035 | £13,859.25 | £15,980.96 | £424,402.99 |
| 2036 | £13,340.29 | £16,499.92 | £407,903.07 |
| 2037 | £12,804.48 | £17,035.73 | £390,867.34 |
| 2038 | £12,251.27 | £17,588.94 | £373,278.39 |
| 2039 | £11,680.10 | £18,160.12 | £355,118.28 |
| 2040 | £11,090.37 | £18,749.84 | £336,368.44 |
| 2041 | £10,481.50 | £19,358.71 | £317,009.72 |
| 2042 | £9,852.85 | £19,987.36 | £297,022.37 |
| 2043 | £9,203.79 | £20,636.42 | £276,385.95 |
| 2044 | £8,533.66 | £21,306.56 | £255,079.39 |
| 2045 | £7,841.76 | £21,998.46 | £233,080.93 |
| 2046 | £7,127.39 | £22,712.82 | £210,368.11 |
| 2047 | £6,389.83 | £23,450.39 | £186,917.72 |
| 2048 | £5,628.31 | £24,211.91 | £162,705.82 |
| 2049 | £4,842.06 | £24,998.15 | £137,707.67 |
| 2050 | £4,030.28 | £25,809.93 | £111,897.74 |
| 2051 | £3,192.14 | £26,648.07 | £85,249.67 |
| 2052 | £2,326.79 | £27,513.43 | £57,736.24 |
| 2053 | £1,433.33 | £28,406.88 | £29,329.36 |
| 2054 | £510.86 | £29,329.36 | £0.00 |
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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Fri May 23 2025
All confirmed! We look forward to speaking with you.
Fri May 23 2025
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