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19 Aymer House, New Church Road BN3 4FH Print E-mail

19aymerhsesmall.jpgTWO BEDROOM THIRD FLOOR PURPOSE BUILT FLAT
£199,950 LEASEHOLD

A well proportioned two double bedroom third floor purpose built flat.  This apartment benefits from a modern kitchen and bathroom, double glazed windows, gas central heating and a dual aspect lounge.
Initial outlay required: £69,630

SOLD

Location: Aymer House is situated in a prime residential area which is convenient for all local amenities.  Hove seafront is just a short walk away with regular bus services to the city centre and beyond.  Hove's mainline railway station with fast, frequent links to London Victoria and Gatwick Airport is also within easy reach.

Description: A good sized two double bedroom apartment with a modern kitchen and bathroom.  Benefits include double glazed windows, gas central heating and several large built in storage cupboards.  The dual aspect lounge and thirty three foot entrance hall add to the appeal of this ideal investment opportunity.

Approximate Area: 500 square feet

Entrance: Communal entrance with stairs and lift to third floor.  Front door leading to a thirty three foot long hallway which opens out into the lounge/diner.  Four built in cupboards, spot lights, radiator and door entry phone.

Lounge: 16'3 x 11'  A bright dual aspect room with double glazed windows to the South and West sides.  Built in storage to the bay, radiator, spot lights.

Kitchen: 10' x 6'  Smart modern kitchen comprising of a range of  wall, base and drawer units with rolled edge work surfaces over.  Inset four burner gas hob with oven under and cooker hood over.  Inset stainless steel sink and drainer with mixer tap.  Double glazed window, tiled floor.

Bedroom One: 11'4 x 10'5  Double bedroom with large built in cupboards, radiator,  Two double glazed windows.

Bedroom Two: 10' x 8'9  Double bedroom with built in storage cupboards, radiator.  Two double glazed windows.

Bathroom:  Modern white suite comprising of a panelled bath with mixer tap and fitted shower, low level close coupled wc, pedestal wash hand basin.  Glass bricks to shower area, part tiled walls, radiator, tiled floor.  Double glazed window with frosted glass.

Outgoings:

Lease: 112 years remaining
Maintenance:  £840 per annum
Ground Rent:  £60 per annum

Recommended Update: Redecoration, carpets, blinds, new basin in bathroom, fridge/freezer, washing machine

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: 19 AYMER HOUSE, 10-12 NEW CHURCH ROAD, HOVE BN3 4FH
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 £5,500 incl 10% supervision fee
Stamp Duty £2,000 commencing @ 1% over £175k
TOTAL £207,450  
 
Estimated Rental Income
Rent per week £196  
Rent per month £850  
Rent per year £10,192  
 
Owner's Annual Operating Costs
Rental Agent's Fees £1,758 @ 15% plus VAT
Ground Rent £60 per annum
Maintenance Charge £840 per annum
TOTAL £2,658 per annum
 
Summary
Gross Rent Per Year £10,192  
Annual Operating Costs £2,658  
Nett Cash In Hand pa £7,538  
Nett Cash In Hand pm £628  
 
Mortgage - Assuming 75% Loan £139,965  
 
Total Cash Outlay £69,630  
 
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