TWO BEDROOM SECOND FLOOR CONVERTED FLAT
£200,000 LEASEHOLD
Well appointed two bedroom 2nd floor apartment in period building in the heart of Kemp Town. American style kitchen, laminate floors and underfloor heating. Low maintenance and little update required.
Initial outlay required: £65,645
SOLD
Location: Burlington Street is in the heart of Kemp Town village with its eclectic range of shops, bars and restaurants and close to Marine Parade, Brightons celebrated Regency seafront. In walking distance of Brighton Marina, Sussex County Hospital, with the city centre less than a ten minute walk.
Description: Well appointed 2 bedroom, 2nd floor apartment in period building. The property comprises U shaped entrance hallway with recessed study area, open plan living room with American style kitchen, shower room and underfloor heating.
Approximate Area: 470 square feet
-
Click to open
Click to open
-
Click to open
Click to open
-
Click to open
Click to open
-
Click to open
Click to open
Communal Entrance Hallway Telephone entry system, carpeted floring, skirting, night storage heater, alarm system, 2 central light fittings with sensor, stairs leading up to 2nd floor and wood panelled private entrance door.
Entrance Hallway: 'U' shaped with recessed study area, built in cupboards , cupboard housing electric meters, 3 halogen downlighters, alarm system, heating thermostat.
Open Plan Living Room; 15'5 into bay x 13'7 Wood panelled door with chrome handle, laminate wood flooring with underfloor heating, skirting, various downlighters, alarm sensor, feature fireplace 3 West facing sash window box bay windows.
American style Kitchen: Modern fitted kitchen comprising range of white gloss, brushed aluminum and wood effect wall and base level units, working surfaces, stainless steel sink and drainer with chrome mixer tap, tiled splashback, Stoves 4 burmner electric hob, Diplomat electric oven, extractor fan, space for fridge, space and plumbing for washing machine, space for slimline dishwasher.
Master Bedroom: 12'2 widening to 13'4 to one side of chimney breast x 10' Wood panelled door with chrome handle, laminate wood flooring, skirting board, central light fitting, alarm sensor, East facing sash window to rear of property, central heating thermostat
Bedroom 2: 10' x 6'5 Wood panelled door with chrome handle, laminate wood flooring, skirting. halogen downlighters, West facing single sash window to front.
Shower Room: 9'8 x 3'7 Wood panelled door with chrome handle, vinyl flooring, part tiled walls, central light fitting, extractor fan, shower cubicle with electric wall mounted Mira Sport shower with sliding screen, lw level WC, pedestal wash hand basin with chrome mixer tap, under floor heating.
Outgoings:
Lease: 115 years remaining
Maintenance: £700 per annum
Ground Rent: £125 per annum
Recommended Update: Fridge/freezer and washing machine, blinds, some making good
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 9, 12-13 BURLINGTON STREET, BRIGHTON BN2 1AU
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 | £1,500 | |
| Stamp Duty | £2,000 | |
| TOTAL | £203,500 | |
| Estimated Rental Income | ||
| Rent per week | £200 | |
| Rent per month | £867 | |
| Rent per year | £10,400 | |
| Owner's Annual Operating Costs | ||
| Rental Agent's Fees | £1,794 | @ 15% plus VAT |
| Ground Rent | £125 | per annum |
| Maintenance Charge | £700 | per annum |
| TOTAL | £2,619 | per annum |
| Summary | ||
| Gross Rent Per Year | £10,400 | |
| Annual Operating Costs | £2,619 | |
| Nett Cash In Hand pa | £7,781 | |
| Nett Cash In Hand pm | £648 | |
| Mortgage - Assuming 70% Loan | £140,000 | |
| Total Cash Outlay | £65,645 | |