You are here arrow Home arrow Hot Properties arrow Flat 2, 22 Seafield Road, Hove BN3 2TP

Hot Properties

18 Devonshire Court, The Drive, Hove, BN3 2DL

18devonsmall.jpgTWO BEDROOM FIRST FLOOR PURPOSE BUILT FLAT
£199,950 Leasehold

Modernized two double bedroom flat, minimum update required, ready for immediate rental close to Hove Station. Communal heating & hot water.  Ideal rental property.
Initial outlay required: £65,630

SOLD

Read more...
 
26 Prestonville Road Brighton BN1 3TL

26prestonvillesmall.jpgTWO BEDROOM MAISONETTE
£215,000 LEASEHOLD

A very bright, well proportioned two double bedroom maisonette situated in a perfect location for rental.
Initial outlay required: £70,295

Read more...
 
Flat 2, 22 Seafield Road, Hove BN3 2TP Print E-mail

22seafield-small.jpg LARGE GROUND FLOOR CONVERTED TWO BEDROOM APARTMENT
£200,000 New 125 year lease 

A double fronted ground floor apartment with high ceilings, which benefits from gas central heating, in need some modernisation. 
Initial outlay required: £79,145

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:Ground floor two bedroom apartment, with high ceilings and gas central heating.  The apartment would benefit from modernisation.  

Approximate Area: 800 sq ft 

Entrance: U shaped hallway

Lounge:18'4 x 12 West facing, feature fireplace, original ceiling cornice, triple bay window, radiator.

Kitchen: 14'x 9'  A range of floor & wall units, with roll top work surfaces, inset single stainless steel drainer sink, inset ceramic hob with extractor above and electric oven below. Space and plumbing for washing machine, space for fridge, wall mounted gas boiler.

Bedroom: 17'1 x 12' West facing, original cornice and ceiling rose, decorative fitted fireplace with surround, range of fitted wardrobes, radiator.

Bedroom: 11'9 x 10' Original ceiling cornice & rose, modern range of fitted wardrobes, oval hand was basin into vanity unit with cupboards beneath, radiator.

Bathroom:White suite, comprising panelled bath with electric shower over, low level wc, pedestal wash hand basin.

Outgoings:

Lease: New 125 Year Lease
Maintenance: £1000
Ground Rent: £100

Recommended Update: New Kitchen, New Bathroom, Redecoration, Carpets & 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 2, 22 Seafield Road, Hove, BN3 2TP
 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 £15,000 incl 10% supervision fee
Stamp Duty 2,000 commencing @ 1% over £125k
TOTAL £217,000  
 
Estimated Rental Income
Rent per week £183  
Rent per month £793  
Rent per year £9,516
 
Owner's Annual Operating Costs
Rental Agent's Fees £1,677 @ 15% plus VAT
Ground Rent £100 per annum
Maintenance Charge £1,000 per annum
TOTAL £2,777 per annum
 
Summary
Gross Rent Per Year £9,516  
Annual Operating Costs £2,777  
Nett Cash In Hand pa £6,739  
Nett Cash In Hand pm £561  
 
Mortgage - Assuming 70% Loan £140,000  
 
Total Cash Outlay £79,145  
 
< Prev   Next >
[ Back ]