13e Powis Road, Brighton, BN1 3HJ

13powis0-small.jpgCONVERTED ROOF TOP ONE BEDROOM APARTMENT
£150,000 SHARE OF FREEHOLD

A very stylish one bedroom apartment in one of the best conservation areas in Brighton.  This property benefits from a roof terrace as well as views across city and out to sea from front door.  Comfortable walk to the city centre and the station.  One not to be missed at this price with a Share of the Freehold !
Initial outlay required: £49,945

Location:  Powis Road is in the heart of the Clifton Hill/Montpelier Conservation Area of Brighton.  Less than half a mile's walk to Brighton's mainline railway station with its fast trains to London & Gatwick.  The city centre is also just a short walk away.

Description: Beautifully appointed one bedroom roof top apartment boasting sleek and stylish interiors with the benefit of a 20' x 5' west facing roof terrace.

Approximate Area: 280 Sq ft 

Entrance:  Communal entrance door with door entry phone system leading to communal entrance hallway with stairs rising to second floor.  Front entrance door leading to split level entrance hallway with fitted cupboard housing meters.  Newly carpeted stairs with balustrade rising to 3rd Floor landing, double glazed window to rear, door entry phone system, hatch to loft space, fitted cupboard housing water cylinder with shelving below, door to

Open Plan Living Room:  18'11 x 9' Stripped and varnished floorboards, some restricted head height, dormer window to front, 2 Velux windows.

American Style Kitchen:  Range of high gloss base units with stainless steel handles, integrated electric fan assisted oven with 4 ring ceramic hob over, roll edge working surfaces, stainless steel one and a half bowl sink with chrome mixer tap, tiled splash back, some matching eye level units, stainless steel extractor canopy with light, 2 electric storage heaters, fireplace with hearth, fitted wooden shelving, door to

Bedroom: 9' x 7' Stripped and varnished floorboards, electric heater, hanging rail with storage over in recessed area, glazed door to:

Roof Terrace: 20' x 5' Westerly aspect, being timber decked and enjoying elevated rooftop views.

Bathroom: Stripped and varnished floorboards, suite comprising close coupled WC, pedestal wash hand basin, panelled bath, wall mounted heater, fitted full length mirror, chrome towel rail. 

Outgoings:

Lease: Share of Freehold
Maintenance: £600 pa
Ground Rent: £0

Recommended Update: Blinds, some painting, washing machine 

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: 13e POWIS ROAD, BRIGHTON BN1 3HJ
Financial Forecast Guide

Asking Price £150,000  
 
Set Up Costs
Solicitors Fees £645 incl VAT excl disbursements
Research Fee £1,500  
 
Purchase Costs
Assumed Purchase Price £150,000  
Estimated Update £1,300 incl 10% supervision fee
Stamp Duty £1,500 commencing @ 1% over £125k
TOTAL £152,800  
 
Estimated Rental Income
Rent per week £155  
Rent per month £671  
Rent per year £8,060  
 
Owner's Annual Operating Costs
Rental Agent's Fees £1,390 @ 15% plus VAT
Ground Rent £0 per annum
Maintenance Charge £600 per annum
TOTAL £1,990 per annum
 
Summary
Gross Rent Per Year £8,060  
Annual Operating Costs £1,990  
Nett Cash In Hand pa £6,070  
Nett Cash In Hand pm £506  
 
Mortgage - Assuming 70% Loan £105,000  
 
Total Cash Outlay £49,945