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6 Valverde House, Eaton Gardens, Hove BN3 3TU Print E-mail

6val-small RARELY AVAILABLE THREE BEDROOM PURPOSE BUILT GROUND FLOOR APARTMENT
£249,950 LEASEHOLD (999 Years)

Exceptional three bedroom purpose built apartment in modern building, great long lease, close to good transport links to London.   The perfect long term investment.
Initial outlay required: £80,184

Location: Situated in sought after residental area in an extremely convenient position on  the East side of Eaton Gardens within a short walk of Hove station with its fast trains to Gatwick, London and along to South coats to Portsmouth and beyond.  A great variety of shopping and fine eating places are in walking distance of this property making the need for a car unimportant, as the area is well served by fast and frequent local buses reaching all parts of the city.  Sussex County Cricket ground and Hove beaches are within easy walking distance.

Description: A good sized, gas central heated, three bedroom apartment, with modern bathroom, separate wc, with modern double glazing.   Easy to warm in winter and plenty of windows to let in light/breeze during the summer.

Approximate Area: 720 Sq Feet

Entrance: T shaped entrace hallway.

Lounge: 18' x 13'9.  Two floor to ceiling windows with west aspect, coved and textured ceiling, two wall light, double radiator, TV point.

Kitchen: 13'7 x 6 modern fitted kitchen in beech effect, work surfaces with built in gas hob with extractor over, electric oven, space and plumbing for washing machine and other appliances.

Bedroom 1: 13'6 x 10'9  South facing with seven foot double glazed window, radiator.

Bedroom 2: 11'2 x 8'4 East facing, built in double wardrobe, radiator.

Bedroom 3:  7'10 x 9'1 East facing, built in wardrobes, radiator. 

Bathroom:  White bathroom suite comprising panelled bath with shower over, pedestal wash hand basin, while tiled walls with border, radiator.

Separate WC:  Low level close coupled wc, wash hand basin, tiled walls.

Outside: Parking is available on a first come first served at the rear car park

Outgoings:

Lease: 999 years
Maintenance: £2,200 for 2010
Ground Rent: £18.90

Recommended Update: None whilst tenants remain.

A professional electrical survey may reveal work not covered by the update. It is recommended that an electrical survey is carried in additon to the valuation survey at a cost of GBP 180.00 (inclusive of VAT)

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: 6 Valverde House, eaton Gardens, Hove, BN3 3TU
Financial Forecast Guide

Asking Price £249,950
Set Up Costs
Solicitors Fees £700 incl VAT excl disbursements
Research Fee £2,000
Purchase Costs
Assumed Purchase Price £249,950
Estimated Update £0 incl 10% supervision fee
Stamp Duty 2,500 commencing @ 1% over £125k
TOTAL £252,450
Estimated Rental Income
Rent per week £242
Rent per month £1,050
Rent per year £12,600
Owner's Annual Operating Costs
Rental Agent's Fees £2,268 @ 15% plus VAT
Ground Rent £19 per annum
Maintenance Charge £2,200 per annum
TOTAL £4,487 per annum
Summary
Gross Rent Per Year £12,600
Annual Operating Costs £4,487
Nett Cash In Hand pa £8,113
Nett Cash In Hand pm £676
Mortgage - Assuming 75% Loan £174,965
Total Cash Outlay £80,185
 
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