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2 Chanctonbury Road, Hove, BN3 6EL Print E-mail
SECOND FLOOR CONVERTED ONE BEDROOM FLAT WITH ROOF TERRACE2cr2small
£165,000 leasehold
This well presented top floor apartment situated in a character building offers a large double bedroom, modern kitchen and bathroom and benefits from large square roof terrace.
Initial outlay required: £52,750

SOLD

Location: Chanctonbury Road is a short walk from Seven Dials with it range of shops & restaurant's. Brighton Mainline station is a further 4 minute walk with fast trains to London and Gatwick.
Description: A well presented second floor converted one bedroom flat which is large enough for a couple or someone who wanted to work from home and need a lot of space. A perfect highly desirable rentable property,
Approximate Area: 400 sq ft
Entrance: Stripped wooden door on first floor with stairs rising to second floor, wall mounted radiator and cupboard housing meters.
Lounge: 12'10 x 10'8 Patio doors leading out to roof terrace, wall mounted radiator, folding doors opening to kitchen.

Bedroom: 13'4 x 13'0 Recess to one wall housing double clothes rails, window overlooking side of property, wall mounted radiator.
Kitchen: Window overlooking the front of property, wall mounted gas boiler, tiled splash back, roll edge work surfaces to two walls, inset stainless steel single bowl drainer sink unit with mixer taps, inset four ring gas hob with extractor above and oven below, integrated fridge and washer/dryer, range of wall and base units, further room for fridge/freezer.

Bathroom : Frosted glass window over looking the front of the property, fully tiled walls and flooring, roll edge bath with Victorian style mixer taps and hand held shower attachment, separate shower with inset wall tap and attached shower head, low level WC, pedestal hand wash basin and wall mounted towel rail.
Outside: Roof Terrace 15' x 15'
Outgoings:
Lease: 92 years remaining
Maintenance: £1,000 approx
Ground Rent: £100
Update required: Appliances & blinds.
A professional electrical survey may reveal work not covered by the update. It is recommended that an electrical survey is carried in additon to the valuation survey at a cost of GBP 180.00 (inclusive of VAT)
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: 2 Chanctonbury Road, Hove BN3 6EL
Financial Forecast Guide
Asking Price £165,000
Set Up Costs
Solicitors Fees £645 incl VAT excl disbursements
Research Fee £1,500
Purchase Costs
Assumed Purchase Price £160,000
Estimated Update £1,005 incl 10% supervision fee
Stamp Duty 1,600 commencing @ 1% over £125k
TOTAL £162,605
Estimated Rental Income
Rent per week £165
Rent per month £715
Rent per year £8,580
Owner's Annual Operating Costs
Rental Agent's Fees £1,480 @ 15% plus VAT
Ground Rent £100 per annum
Maintenance Charge £1,000 per annum
TOTAL £2,580 per annum
Summary
Gross Rent Per Year £8,580
Annual Operating Costs £2,580
Nett Cash In Hand pa £6,000
Nett Cash In Hand pm £500
Mortgage - Assuming 70% Loan £112,000
Total Cash Outlay £52,750
 
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