You are here arrow Home arrow Hot Properties arrow 11 Sillwood Place, Brighton BN1 2LH

Hot Properties

24 Furze Hill Court, Hove BN3 1PG

24 Furze Hill Court, Hove BN3 1PG TWO BEDROOM THIRD FLOOR PURPOSE BUILT FLAT
£249,950 SHARE OF FREEHOLD

A superb South facing apartment in a very popular location. This property has been refurbished to a very high standard including a stylish kitchen and a luxury bathroom. Balcony with sea views and a resident caretaker.
Initial outlay required: £67,132

Read more...
 
Flat 2, 19 Richmond Place, Brighton BN2 9NA

Flat 2, 19 Richmond Place, Brighton BN2 9NA ONE BEDROOM FIRST FLOOR FLAT WITH DECKED ROOF TERRACE
£137,500 LEASEHOLD

A bright one bedroom first floor flat with a decked roof terrace. This recently converted property has been refurbished to a high standard. Situated in a prime central location - perfect for commuters - an ideal investment.
Initial outlay required: £37,220

SOLD

Read more...
 
11 Sillwood Place, Brighton BN1 2LH Print E-mail

11 Sillwood Place, Brighton BN1 2LH FOURTH (TOP) FLOOR CONVERTED STUDIO FLAT
£118,000 LEASEHOLD

A well maintained West facing studio flat in a quiet location in the heart of Brighton. This property benefits from built-in storage cupboards and a separate kitchen. A perfect rental flat in a much sought after location.
Initial outlay required: £32,595

Location: Sillwood Place is an oasis in the heart of one of Britain's liveliest cities - a quiet green cul-de-sac between the thriving city centre and Brighton's vibrant seafront. The Artist and Fishing Quarters, stylish bars and restaurants of the seafront are just at the end of the road. Shops, from all the favourite high street names to the smart antique, jewellery and designer shops in The Lanes and the bohemian emporiums of the North Laines are all close by. Brighton Station is within easy walking distance and local buses provide regular services throughout Brighton & Hove and beyond.

Description: A fourth (top) floor converted studio flat. The property benefits from an entrance hall with door entryphone system, West aspect studio room with built-in storage cupboards, a separate kitchen and a contemporary bathroom. An ideal rental property in a great location.

Approximate Area: 250 square feet

Entrance: Communal front door leading to communal entrance hall and stairs rising to private front door on fourth floor leading to entrance hallway with two built-in cupboards housing meters, laminated wooden flooring, door entryphone system.

Studio Room: 12'3 x 11'5 Two west facing windows with oblique sea views, laminated wooden flooring, wall to wall range of wardrobe cupboards with sliding doors, built-in storage unit, wall mounted electric heater, tongue & groove panelling to one wall.

Kitchen: 8'1 x 6'8 Fitted with range of units comprising eye level wall cupboards and base cupboard and drawer units with roll top working surfaces over, single bowl single drainer stainless steel sink unit with mixer tap, appliance space, laminated wooden flooring, gas cooker point with space for cooker, tiled surround, display lighting, west facing window, built-in table.

Bathroom: Fitted with white suite comprising panelled bath with wall mounted shower unit, vanity wash hand basin with mixer tap and cupboard below housing water meter, low level WC, mosaic tiled flooring, fully tiled walls, sky light window, built-in cupboard housing hot water cylinder, wall mounted electric heater.

Outgoings:

Lease: 99 years from 1988
Maintenance: £594 pa
Ground Rent: £75 pa

Recommended Update: Washing machine, blinds

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: 11 SILLWOOD PLACE, BRIGHTON BN1 2LH
Financial Forecast Guide

Asking Price £118,000  
 
Set Up Costs
Solicitors Fees £645 incl VAT excl disbursements
Research Fee £1,500  
 
Purchase Costs
Assumed Purchase Price £118,000  
Estimated Update £950 incl 10% supervision fee
Stamp Duty nil commencing @ 1% over £125k
TOTAL £118,950  
 
Estimated Rental Income
Rent per week £126  
Rent per month £546  
Rent per year £6,552  
 
Owner's Annual Operating Costs
Rental Agent's Fees £1,130 @ 15% plus VAT
Ground Rent £75 per annum
Maintenance Charge £594 per annum
TOTAL £1,799 per annum
 
Summary
Gross Rent Per Year £6,552  
Annual Operating Costs £1,799  
Nett Cash In Hand pa £4,752  
Nett Cash In Hand pm £396  
 
Mortgage - Assuming 75% Loan £88,500  
 
Total Cash Outlay £32,595  
 
< Prev