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Flat 4, 22 Seafield Road, Hove BN3 2TP

22seafield-small.jpgLARGE SECOND FLOOR CONVERTED TWO BEDROOM APARTMENT
£200,000 New 125 year lease

A large, gas central heateded, 2 bedroom apartment on the top floor of a four storey doubled fronted period building, a short walk from Hove's seafront in need of some modernisation.
Initial outlay required: £79,145

SALE AGREED

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15 Kenya Court, Windlesham Gardens, Brighton BN1 3AU

kenyacourt-small.jpgONE BEDROOM FIRST FLOOR PURPOSE BUILT FLAT
£165,000 LEASEHOLD

A well proportioned one double bedroomed first floor purposed built balcony flat located in a sought after residential area close to Seven Dials.  In easy walking distance of the city centre.
Initial outlay required: £56,145

SOLD

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44 Furze Hill House, Hove, BN3 1PU Print E-mail

furze hill house-small.jpg ONE BEDROOM PURPOSE BUILT 4TH FLOOR FLAT
£150,00O SHARE OF FREEHOLD

A good sized one bedroom flat in a superb location with brilliant views towards the sea.  Benefits include share of freehold, low maintenance, and parking.  Once modernised this property will rent every day of the week - a super investment!
Initial outlay required: £67,095 includes modernisation costs

 

Location:  Furze Hill House is in easy walking distance of Brighton Station and the main shopping area of Western Road. It backs onto St Annes Wells Gardens - one of the most beautiful parks in Brighton & Hove.  An ideal central location with access to all parts of the city and yet with the quiet of the park and excellent views over the tops of buildings to the sea.

Description: A good size, fourth floor South facing one bedroom flat in need of modernisation.   Two lifts serve the fourth floor. 

Approximate Area: 425 square feet

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Entrance Hallway: Long hallway serving all rooms.

Lounge: 18'0 x 10'4  A dual aspect room, with sliding patio doors onto balcony.  Open access to:

Kitchen: 8'4 x 6'9 South facing window, in need of complete modernisation.

Bedroom: 13'4 x 9'0 South facing, built in storage cupboard

Bathroom:  In need of modernisation.

Balcony:  South facing balcony with fabulous rooftop and sea views across Hove.

Outgoings:

Lease: Share of Freehold
Maintenance: £430 pa
Ground Rent: Nil 

Recommended Update: New Kitchen, New Bathroom, decoration, carpets, double glazed windows, blinds, storage heaters.

A professional electrical survey may reveal work not covered by the update.

These details are produced in good faith but are set out as a guide only and do not constitute any form of contract nor any statement contained therein to be representation or warranty. Any intended purchasers must satisfy themselves by inspection or under advice of their solicitor particularly in context of any approved plans for other on site or nearby development.

FINANCIAL FORECAST: 44 FURZE HILL HOUSE FURZE HILL HOVE BN3 1PU
Financial Forecast Guide

Asking Price £150,000  
 
Set Up Costs
Solicitors Fees £645 incl VAT excl disbursements
Research Fee £1,500  
 
Purchase Costs
Assumed Purchase Price £145,000  
Estimated Update £20,000 incl 10% supervision fee
Stamp Duty £1,450  
TOTAL £163,050  
 
Estimated Rental Income
Rent per week £170  
Rent per month £737  
Rent per year £8,840  
 
Owner's Annual Operating Costs
Rental Agent's Fees £1,525 @ 15% plus VAT
Ground Rent £0 per annum
Maintenance Charge £430 per annum
TOTAL £1,955 per annum
 
Summary
Gross Rent Per Year £8,840  
Annual Operating Costs £1,955  
Nett Cash In Hand pa £6,885  
Nett Cash In Hand pm £574  
 
Mortgage - Assuming 70% Loan £101,500  
 
Total Cash Outlay £67,095  
 
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