You are here arrow Home arrow Hot Properties arrow 37 Furze Hill House, Furze Hill, Hove BN3 1PU

Hot Properties

Flat 41, 4 Grand Avenue, Hove BN3 2LE

4grandave41fsmall.jpgFIFTH FLOOR PURPOSE BUILT STUDIO FLAT
£119,950 LEASEHOLD

A spacious studio apartment at one of the most prestigious locations in Hove.  This fifth floor property benefits from a south easterly facing balcony with oblique sea views and use of the communal gardens.
Initial outlay required: £40,630

SOLD

Read more...
 
Flat 3, 22 Seafield Road, Hove BN3 2TP

22seafield-small.jpgLARGE CONVERTED FIRST FLOOR THREE BEDROOM APARTMENT
£210,000 New 125 year Lease

A good sized, gas central heated, three double bedroom apartment in need of some modernisation, close to Hove's seafront with shopping and excellent bus services just a short walk. 
Initial outlay required: £82,245

SALE AGREED

Read more...
 
37 Furze Hill House, Furze Hill, Hove BN3 1PU Print E-mail

furzehillhousesmall.jpgTWO BEDROOM FOURTH FLOOR FLAT WITH BALCONY
£200,000 SHARE OF FREEHOLD

A great two bedroom fourth floor flat in a centrally located, very popular purpose built block. 
This bright, airy property enjoys far reaching panoramic views and has a Share of the Freehold.  An perfect investment opportunity.
Initial outlay required: £68,645

SOLD

Location:Furze Hill is an excellent location - close to both Hove seafront with its lawns, promenades and bathing beaches as well as the beautiful St Anne's Well Gardens and Sussex County Cricket Ground.  This property is also ideally situated for easy access to the many cosmopolitan bars, cafes, restaurants and shops to be found in Brighton & Hove.  Both Brighton and Hove's mainline mainline railway stations with fast, frequent links to London Victoria and Gatwick Airport are within easy reach.

Description: A light, airy two double bedroom apartment on the fourth floor of a much sought after purpose built block.  The property benefits from double glazing and gas central heating.  Additional features include a small balcony, a communal drying area and unallocated parking to the rear of the building.

Approximate Area: 500 square feet

Entrance: Communal entrance hall with stairs and two automatic passenger lifts rising to the fourth floor.  Flat door leading to 23' entrance hallway.  Door entryphone system, radiator and two storage cupboards with fitted shelving.

Lounge:17'11 x 10'7  A fantastic double aspect south-east facing room with delightful rooftop and distant sea views.  Radiator.  Sliding upvc doors leading onto balcony.

Kitchen: 7'9 x 6'6  Range of modern fitments comprising stainless steel one and a half bowl single drainer sink unit with mixer tap.  Space and plumbing for washing machine.  Range of base drawers.  Further worktops incorporating four ring gas hob with oven below.  Space for fridge/freezer.  Range of fitted wall units.  Wall mounted boiler.  Double glazed window with rooftop views.  Tiled floor.

Bedroom One: 14'3 x 9'4  Range of fitted wardrobes with additional storage above.  Radiator.  Double glazed windows with attractive rooftop and distant sea views.

Bedroom Two: 10'4 x 7'10  Fitted wardrobes.  Radiator.  Double glazed window with attractive rooftop and distant sea views.

Bathroom:White suite comprising wooden panelled bath with mixer tap and shower attachment with curtain and rail.  Low level wc with concealed cistern.  Pedestal wash basin with tiled splashback.  Fitted mirror.  Heated towel rail.

Communal Drying Area: Located in the hallway.

Outside: Unallocated parking spaces to the rear of the block.

Outgoings:

Lease: Share of Freehold
Maintenance:£860 per annum
Ground Rent: n/a

Recommended Update: Redecoration, new carpets, new blinds, new washing machine, fridge and freezer.

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: 37 FURZE HILL HOUSE, FURZE HILL, HOVE BN3 1PU
Financial Forecast Guide

Asking Price £200,000  
 
Set Up Costs
Solicitors Fees £645 incl VAT excl disbursements
Research Fee £1,500  
 
Purchase Costs
Assumed Purchase Price £200,000  
Estimated Update £4,500 incl 10% supervision fee
Stamp Duty £2,000 commencing @ 1% over £175k
TOTAL £206,500  
 
Estimated Rental Income
Rent per week £196  
Rent per month £849  
Rent per year £10,192  
 
Owner's Annual Operating Costs
Rental Agent's Fees £1,758 @ 15% plus VAT
Ground Rent £nil per annum
Maintenance Charge £860 per annum
TOTAL £2,618 per annum
 
Summary
Gross Rent Per Year £10,192  
Annual Operating Costs £2,618  
Nett Cash In Hand pa £7,573  
Nett Cash In Hand pm £631  
 
Mortgage - Assuming 70% Loan £140,000  
 
Total Cash Outlay £68,645  
 
< Prev   Next >