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Flat 4, 19 Richmond Place, Brighton BN2 9NA Print E-mail

Flat 1, 19 Richmond Place, Brighton BN2 9NATWO BEDROOM TOP FLOOR FLAT WEST FACING ROOF TERRACE
£199,950 LEASEHOLD

A bright, spacious two bedroom top floor flat within a recently converted property benefitting from a West facing roof terrace with views towards the sea. Refurbished to a high standard, this flat is situated in a prime central location - perfect for commuters, an ideal investment.
Initial outlay required: £57,132

SOLD

Location: Richmond Place is situated in an extremely convenient location in central Brighton and yet from inside the property nobody would guess that much of what one of Britain's liveliest cities has to offer is just a short walk away. Richmond Place is directly opposite the exotic Royal Pavilion - seaside fantasy palace of King George IV. Brighton Station, with its commuter links to London Victoria, Kings Cross and London Bridge, is within 10 minutes walk. A modern shopping mall as well as a quirky mix of hundreds of unique specialist shops are all within easy reach, as is the seafront with its lively promenades. An excellent bus service provides easy access to most parts of town and beyond.

Description: A bright, spacious two bedroom top (third) floor flat within a recently converted period property. Additional benefits include gas central heating, modern fitted kitchen and a paved westerly facing roof terrace with views towards the sea. A perfect flat for commuters.

Approximate Area: 700 square feet

Entrance Lobby:  Wall mounted electric fuse box.  Door to:-

Bedroom 2: 13'8" x 10'1  Double glazed window to rear.  Two sets of ceiling spot lights.  Door to:- 

En Suite Shower Room:  Modern fitted range of bathroom fixtures comprising tiled shower cubicle with sliding door and Triton shower unit, hand basin, low level dual flush wc.  Radiator, heated towel rail, tiled walls.

Bedroom 1:  14'7 x 14'1  Sash bay window to front.  Double radiator, two sets of spotlights.

En Suite Shower Room:  Modern fitted range of bathroom fixtures comprising tiled shower cubicle with sliding door and Triton shower unit, hand basin, low level dual flush wc.  Radiator, heated towel rail, tiled walls.

First Floor Landing:  Door to:-

Open Plan Lounge/Kitchen: 21' x 14'7

Lounge Area:  Double glazed sash window to rear.  Double radiator, three wall lights.

Kitchen Area:  Modern fitted kitchen comprising a range of wall and base units with rolled edge work surfaces over.  One and a half bowl stainless steel sink with mixer tap, inset four ring gas hob with electric oven under and stainless steel cooker hood over, integrated fridge freezer and washing machine.  Cupboard over stairs, two sets of double glazed sliding doors to outside.

Front Terrace: West facing paved and walled terrace offering views towards the sea.

Outgoings:

Lease: New 125 year lease
Maintenance:£600 pa
Ground Rent: £150 pa

Recommended Update: New blinds, new carpets, some redecoration

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 4, 19 RICHMOND PLACE, BRIGHTON BN2 9NA
Financial Forecast Guide

Asking Price £199,950  
 
Set Up Costs
Solicitors Fees £645 incl VAT excl disbursements
Research Fee £1,500  
 
Purchase Costs
Assumed Purchase Price £199,950  
Estimated Update £3,000 incl 10% supervision fee
Stamp Duty £2,000  
TOTAL £204,950  
 
Estimated Rental Income
Rent per week £230  
Rent per month £997  
Rent per year £11,960  
 
Owner's Annual Operating Costs
Rental Agent's Fees £2,108 @ 15% plus VAT
Ground Rent £150 per annum
Maintenance Charge £600 per annum
TOTAL £2,858 per annum
 
Summary
Gross Rent Per Year £11,960  
Annual Operating Costs £2,858  
Nett Cash In Hand pa £9,102  
Nett Cash In Hand pm £759  
 
Mortgage - Assuming 75% Loan £149,963  
 
Total Cash Outlay £57,132  
 
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