You are here arrow Home arrow Hot Properties arrow Flat 3, 41 Kings Road, Brighton BN1 1NA

Hot Properties

Flat 9, 47 The Drive Hove BN3 3JE

47thedrivef9small.jpgTWO BEDROOM SECOND FLOOR FLAT
£195,000  LEASEHOLD



A spacious two bedroom apartment.  This charming property on the second floor of a well maintained period building is situated in a highly sought after location.
Initial outlay required: £59,495

SOLD

Read more...
 
Flat 6, 8 Stanford Ave, Brighton, BN1 6AA

8 stanford avenue-small.jpgTWO BEDROOM FIRST FLOOR PURPOSE BUILT FLAT
£180,000

A truly spacious two bedroom flat in a purpose built extension on an older building opposite Preston Park.  The first floor flat occupies the whole floor with a good wide hallway, large bright lounge, very good sized kitchen & bathroom, two double bedrooms, gas central heating and allocated off street parking - a huge plus in a city where parking is expensive.
Initial outlay required: £56,514

Read more...
 
Flat 3, 41 Kings Road, Brighton BN1 1NA Print E-mail

kingsrdsmall.jpgONE BED PERIOD FLAT ON BRIGHTON SEAFRONT
£154,950 LEASEHOLD

A one bedroom, first floor flat at the rear of a period seafront building close to the Palace Pier.  A great investment opportunity.
Initial outlay required: £51,680

SOLD

Location: Central Brighton location on the seafront close to the Palace Pier.  Kings Road is the road that runs along Brighton's seafront.  This central location affords easy walking access to Brighton mainline railway station, the seafront, Churchill Square shopping centre and a host of bars, cafes, restaurants and entertainment venues.

Description: A well presented one bedroom flat at the rear of a period seafront building.

Approximate Area: 400 square feet

Entrance: Communal entrance with stairs and lift ot first floor.  Door to lobby with ceramic tiled floor, frosted glass window, cupboard housing electric meter, smoke alarm.  Flat door to hallway with ceramic tiled floor, smoke alarm, central heating control panel, recessed storage cupboard housing recently fitted Worcester Bosch gas fired combination boiler, electric fuse box and storage, door entry phone.

Lounge: 12'10 x 12'5  Double glazed window, wooden flooring, recessed spotlights, mezzanine storage level, telephone point, radiator.

Kitchen: 6'2 x 6  Modern white fronted kitchen comprising wall mounted cupboards, black gloss slate effect work surface, stainless steel one and a half bowl sink and drainer with mixer tap, tiled splash back, four ring electric hob, electric oven, extractor hood, space and plumbing for washing machine, space for fridge, cermaic tiled floor, heat sensor, double glazed window.

Bedroom: 13'7 x 8  Recessed spotlights, double glazed window, open feature fireplace, built-in cupboard, radiator.  Recessed storage area measuring 5'8 x 5' with window.

Bathroom: 8'3 x 5'3  White suite comprising bath with mixer tap and shower attachment, wc, pedestal wash basin, part tiled walls, extractor fan, frosted glass window, radiator, towel warmer.

Outgoings:

Lease: 160 years remaining
Maintenance: £900 per annum
Ground Rent: tbc

Recommended Update: Washing machine, fridge, electric hob, blind for lounge and redecoration of lounge.

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: FLAT 3, 41 KINGS ROAD BRIGHTON BN1 1NA
Financial Forecast Guide

Asking Price £154,950  
 
Set Up Costs
Solicitors Fees £645 incl VAT excl disbursements
Research Fee £1,500  
 
Purchase Costs
Assumed Purchase Price £154,950  
Estimated Update £1,500 incl 10% supervision fee
Stamp Duty £1,550 commencing @ 1% over £125k
TOTAL £158,000  
 
Estimated Rental Income
Rent per week £155  
Rent per month £672  
Rent per year £8,060  
 
Owner's Annual Operating Costs
Rental Agent's Fees £1,390 @ 15% plus VAT
Ground Rent £ tbc
Maintenance Charge £900 per annum
TOTAL £2,290 per annum
 
Summary
Gross Rent Per Year £8,060  
Annual Operating Costs £2,290  
Nett Cash In Hand pa £5,770  
Nett Cash In Hand pm £481  
 
Mortgage - Assuming 70% Loan £108,465  
 
Total Cash Outlay £51,680  
 
< Prev   Next >