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10 Furze Hill Court, Hove BN3 1PG

3furzehillcourtsmall.jpgONE BEDROOM PURPOSE BUILT FLAT
£144,950 SHARE OF FREEHOLD

A one bedroom first floor purpose built apartment with balcony and large communal garden.  An excellent investment opportunity - not to be missed!
Initial outlay required:  £85,095

SOLD

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24 Furze Hill Court, Hove BN3 1PG

24 Furze Hill Court, Hove BN3 1PG TWO BEDROOM THIRD FLOOR PURPOSE BUILT FLAT
£249,950 SHARE OF FREEHOLD

A superb South facing apartment in a very popular location. This property has been refurbished to a very high standard including a stylish kitchen and a luxury bathroom. Balcony with sea views and a resident caretaker.
Initial outlay required: £67,132

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Flat 1, 22 Seafield Road, Hove BN3 2TP Print E-mail

22seafield-small.jpgTWO BEDROOM CONVERTED LOWER GROUND FLOOR GARDEN
£210,000 New 125 year lease

A good sized two bedroom apartment with large kitchen, and East facing patio garden.  Some modernisation required.
Initial outlay required: £78,245

SALE AGREED

Location:  Seafield Road runs south from Church Road to the Kingsway.  The area has excellent local shopping facilities and a superb fast frequent bus route to the city centre.  Hove's seafront with its lawns, promenades, bathing beaches is less than 5 minutes stroll.  Both Brighton & Hove mainline stations are within easy reach making London about an hour from the front door. 

Description: A gas central heated lower ground apartment in a double fronted period building, own entrance.  Some modernisation required.

Approximate Area: 800 Sq feet 

Entrance Hall:  Built in storage cupboard housing meters, built in airing cupboard housing hot water cylinder tank with slatted shelving above.

Lounge: 16'4 x 12'8.  Feature fireplace with york-stone hearth and wooden mantle, triple bay West facing sash window, radiator. 

Kitchen:15'5 x 10' Range of wall and base units, work surface with single drainer stainless steel sink, recessed storaged cupboard, space for cooker, space and plumbing for washing machine, space for fridge. Wall mounted gas boiler.  Double patio doors to outside patio.

Bedroom: 17'1 x 13'  Range of fitted wardrobes with sliding doors running the length of one wall, West facing triple bay sash window, radiator.

Bedroom:14'6 x 9'2 built in double wardrobe, radiator, East facing sash window

Bathroom:Large bathroom with white suite comprising panelled bath, low level wc, pedestal wash hand basin and separate electric shower in tiled cubicle, radiator.

Outside: East facing split level patio garden.

Outgoings:

Lease: New 125 year Lease
Maintenance: £000
Ground Rent: £100

Recommended Update: New Kitchen, carpets, redecoration, 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 1, 22 Seafield Road, Hove, BN3 2TP
Financial Forecast Guide

Asking Price £210,000  
 
Set Up Costs
Solicitors Fees £695 incl VAT excl disbursements
Research Fee £1,500  
 
Purchase Costs
Assumed Purchase Price £210,000  
Estimated Update £11,000 incl 10% supervision fee
Stamp Duty £2,100 commencing @ 1% over £125k
TOTAL £223,100  
 
Estimated Rental Income
Rent per week £176  
Rent per month £764  
Rent per year £9,178  
 
Owner's Annual Operating Costs
Rental Agent's Fees £1,617 @ 15% plus VAT
Ground Rent £100 per annum
Maintenance Charge £1,000 per annum
TOTAL £2,717 per annum
 
Summary
Gross Rent Per Year £9,178  
Annual Operating Costs £2,717  
Nett Cash In Hand pa £6,460  
Nett Cash In Hand pm £538  
 
Mortgage - Assuming 70% Loan £147,000  
 
Total Cash Outlay £78,245  
 
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