15 Kenya Court, Windlesham Gardens, Brighton BN1 3AU

kenyacourt-small.jpgONE BEDROOM FIRST FLOOR PURPOSE BUILT FLAT
£165,000 LEASEHOLD

A well proportioned one double bedroomed first floor purposed built balcony flat located in a sought after residential area close to Seven Dials.  In easy walking distance of the city centre.
Initial outlay required: £56,145

SOLD

Location: Kenya Court is on the Eastern side of Windlesham Gardens. The shops and restaurants in Seven Dials are 2 minutes walk.  The beautiful St Annes Well Gardens is 500 yards away.  Brighton mainline Railway station with its fast links to London is less than 10 minutes walk.  The city centre is also in easy walking distance. 

Description: A four storey purpose built block dating around 1960.  15 Kenya Court is bright, larger than average one bedroom flat which is double glazed and benefits from night storage heating.

Approximate Area: 500 sq ft

Entrance: Doors to the lounge/dinning room, the double bedroom and the bathroom, 2 x built in cupboards housing the electric memters and water cylinder, heater.

Lounge: 16'0 x 15'0 max L shaped room 16' x 9' & 7' x 4'5"  A good sized dual aspect room with double glazed windows to the side and double glazed doors and windows to the front leading to the West facing balcony.  Door to the kitchen, door entry phone, 2 heaters, coved ceiling.

Kitchen: 8'10 x 5'8 Modern kitchen comprising a range of wall, base and drawer units with a roll edge work surface over, inset stainless steel sink with mixer tap, space for appliances, double glazed window over sink, part tiled walls,

Bedroom: 13'0 x 9'0  Double bedroom with heater and double glazed window.

Bathroom: 6'5 x 6'5  White suite, with electric shower over panelled bath, low level close coupled wc, pedestal wash hand basin, part tiled walls, double glazed window.

Balcony: 12' wide 

Outgoings:

Lease: 122 years remaining
Maintenance: £600 per annum
Ground Rent: £100 per annum

Recommended Update: Redecoration, Carpets, Blinds & Appliances

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: 15 KENYA COURT 10-14 WINDLESHAM GARDENS BRIGHTON BN1 3AU
Financial Forecast Guide

Asking Price £165,000  
 
Set Up Costs
Solicitors Fees £645 incl VAT excl disbursements
Research Fee £1,500  
 
Purchase Costs
Assumed Purchase Price £165,000  
Estimated Update £4,500 incl 10% supervision fee
Stamp Duty nil commencing @ 1% over £175k
TOTAL £169,500  
 
Estimated Rental Income
Rent per week £160  
Rent per month £695  
Rent per year £8,340  
 
Owner's Annual Operating Costs
Rental Agent's Fees £1,435 @ 15% plus VAT
Ground Rent £100 per annum
Maintenance Charge £600 per annum
TOTAL £2,135 per annum
 
Summary
Gross Rent Per Year £8,340  
Annual Operating Costs £2,135  
Nett Cash In Hand pa £6,205  
Nett Cash In Hand pm £515  
 
Mortgage - Assuming 70% Loan £115,500  
 
Total Cash Outlay £56,145