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£390,000 Guide Price
Bedrooms
Bathrooms
20 Freshfields Close, set in the quaint seaside village of Lancing. Famous for its soothing shingle beach and the untouched greenery of the South Downs, Lancing perfectly blends coastal and rural living. Conveniently situated between Shoreham and Worthing, this village offers unparalleled access to the bustling cities of Brighton and London while retaining its peaceful charm.
This lovely freehold property features 2 comfortable bedrooms, 1 bathroom, and a welcoming reception room. Additionally, the property boasts electric heating with the added benefit of underfloor heating, keeping your home cozy during the cooler months. The property stands on a prime corner plot and enjoys a good-sized garden in both the front and back, perfect for outdoor relaxation or watching the children play.
Located in a vibrant neighbourhood, 20 Freshfields Close allows you to live within close distance of everyday facilities. Local grocery stores such as Sainsburys and Tesco Express make grocery runs easy. Should you crave a change of pace, numerous cafes and restaurants like The Perch Caf are within easy reach. Moreover, the propertys proximity to the South Downs National Park lets you immerse in nature whenever you desire. Accompanying these amenities are local schools and medical facilities for your familys needs.
As for transport links, the property ensures seamless connectivity. The A27 motorway, Lancing railway station, and Gatwick Airport are 2.8 miles, 0.7 miles, and 31.9 miles away respectively. The well-connected transport links make commuting to Brighton, London and other nearby cities hassle-free.
Key features:
' 2 bedrooms
' No chain
' Searches available upfront
' Underfloor heating
' Corner plot
' Good sized garden
Making an offer through us:
We already have the title plan, register and searches. Request details to see the information. Having these documents upfront will save time and stress when you have had an offer accepted.
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 )
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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