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Flat 6, 11 Eaton Place, Brighton BN2 1EH Print E-mail

11eatonp-small.jpgTWO BEDROOM CONVERTED TOP FLOOR FLAT
£235,000 SHARE OF FREEHOLD

A magnificent top floor apartment located in one of Kemp Town's most popular roads.  Moments from Brighton's seafront with a great view.  A short walk from one of the South coasts biggest hospitals, making it ideal for letting.
Initial outlay required: £78,445

SOLD

Location: Eaton Place runs North from Marine Parade to Eastern Road. Midway between Brighton Marina and Brighton Pier.  Two minutes walk from Brighton County Hospital.  A ten minute walk to the city centre. 

Description: A third floor (top) converted flat with excellent views.  A magnificent bright flat with a large lounge , two double bedrooms, modern bathroom &  modern kitchen in a well managed building.

Approximate Area: 500 sq ft 

Entrance: Hallway and landings lit by large skylight.

Lounge/Dining Room: 16'8 x 17'5 narrowing to 10'10, feature period fireplace, stripped wooden flooring, east facing windows with sea views.

Kitchen: 9'6 x 5'2  Modern beech effect units with gas hob and double oven and extractor, space and plumbing for washing machine, slim line dishwasher and fridge freezer.

Bedroom: 12'2 x 7'6, A bright room, with neutral carpet and a period feature fireplace
.
Bedroom: 8'3 x 7'2, A bright room with neutral carpet and a period feature fireplace.

Bathroom: Modern white suite with power shower, sandstone effect fully tiled walls.

 

Outgoings:

Lease: Share of Freehold
Maintenance: £650
Ground Rent: £0

Recommended Update: Decoration, grouting and masticing to bathroom, appliances, 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: Flat 6, 11 Eaton Place, Brighton, BN2 1EH
Financial Forecast Guide

Asking Price £235,000  
 
Set Up Costs
Solicitors Fees £645 incl VAT excl disbursements
Research Fee £1,500  
 
Purchase Costs
Assumed Purchase Price £230,000  
Estimated Update £5,000 incl 10% supervision fee
Stamp Duty £2,300 commencing @ 1% over £175k
TOTAL £237,300  
 
Estimated Rental Income
Rent per week £196  
Rent per month £850  
Rent per year £10,200  
 
Owner's Annual Operating Costs
Rental Agent's Fees £1,760 @ 15% plus VAT
Ground Rent £0 per annum
Maintenance Charge £650 per annum
TOTAL £2,410 per annum
 
Summary
Gross Rent Per Year £10,200  
Annual Operating Costs £2,410  
Nett Cash In Hand pa £7,790  
Nett Cash In Hand pm £649  
 
Mortgage - Assuming 70% Loan £161,000  
 
Total Cash Outlay £78,445  
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