You are here arrow Home arrow Hot Properties arrow 1a Borough Street

Hot Properties

Flat 7, 3 Belmont, Brighton BN1 3TF

3belmontsmall.jpgONE BEDROOM FIRST FLOOR PERIOD CONVERTED FLAT
£172,500

Recently refurbished to a high standard, this apartment is located in the very popular Seven Dials district of Brighton.  An ideal buy to let investment property.
Initial outlay required: £56,620

Read more...
 
Flat 19 Windermere Court Brighton

19windermerecrtsmall.jpgONE BEDROOM SECOND FLOOR FLAT WITH GARAGE
£153,000 SHARE OF FREEHOLD

A well proportioned one bedroom flat with a Share of the Freehold.  This property further benefits from a garage, well maintained communal gardens and delightful views over Queens Park.  A great investment and a great rental opportunity.
Initial outlay required: £57,045

SOLD

Read more...
 
1a Borough Street Print E-mail

1aboroughstreetsmall.jpgGROUND FLOOR CONVERTED STUDIO FLAT
£122,500 Share of Freehold

An ideal buy to let investment, this studio flat is located in a central area of Brighton much sought after by tenants.  This property does not require any refurbishment and the current tenant is keen to remain.  An ideal investment opportunity.
Initial outlay required: £38,895

Location: Borough Street is in the highly sought after Clifton Hill Conservation Area, just north of Western Road with its excellent range of shops, bars and restaurants and frequent bus services to all parts of the city and beyond.  Both Brighton Station and Brighton seafront are within walking distance of this very central location.

Description: A ground floor converted studio flat with gas fired central heating.  A very rental property which does not require any refurbishment.

Approximate Area: 250 square feet

Entrance: Communal front door leading to

Studio Room: 14'10 x 10'5  Two sash windows to front aspect, feature fireplace with mantle surround, radiator, carpet.  Archway to kitchen.

Kitchen:12' x 7'5  Window to rear aspect.  A range of wall and base level units with roll edge work surfaces over and stainless steel sink unit with drainer.  Built in stainless steel oven, hob and extractor, fridge and washing machine.  Tiled splashbacks, vinyl flooring, wall mounted gas boiler providing heating and hot water.

Bathroom:White suite comprised of panelled bath with shower over, pedestal basin and low level wc.  Fully tiled, vinyl flooring.

Outgoings:

Lease: Share of Freehold
Maintenance: £500 approx
Ground Rent: n/a

Recommended Update: No update required

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: 1A BOROUGH STREET BRIGHTON BN1 3BG
Financial Forecast Guide

Asking Price £122,500  
 
Set Up Costs
Solicitors Fees £645 incl VAT excl disbursements
Research Fee £1,500  
 
Purchase Costs
Assumed Purchase Price £122,500  
Estimated Update nil
Stamp Duty nil commencing @ 1% over £125k
TOTAL £122,500  
 
Estimated Rental Income
Rent per week £105  
Rent per month £455  
Rent per year £5,460  
 
Owner's Annual Operating Costs
Rental Agent's Fees £942 @ 15% plus VAT
Ground Rent £0 per annum
Maintenance Charge £500 per annum
TOTAL £1,442 per annum
 
Summary
Gross Rent Per Year £5,460  
Annual Operating Costs £1,442  
Nett Cash In Hand pa £4,018  
Nett Cash In Hand pm £335  
 
Mortgage - Assuming 70% Loan £85,750  
 
Total Cash Outlay £38,895  
 
Next >
[ Back ]