4 Windlesham Court, Windlesham Gardens Brighton BN1 3AP

4windlesham01-small.jpgONE BEDROOM PURPOSE BUILT GROUND FLOOR FLAT
£164,950 LEASEHOLD

A spacious bright ground floor flat, with a modern kitchen & bathroom and benefiting from gas central heating.  This flat is ideal for letting being in walking distance of Brighton Stn and the city centre.
Initial outlay required: £54,630

SOLD

Location: Windlesham Court is on the Eastern side of Windlesham Gardens. The shops and restaurants in Seven Dials are one minutes walk.  The beautiful St Annes Well Gardens is 600 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 good sized one bedroom ground floor flat in a purpose built block.  The flat has recently undergone substantial refurbishment and is in excellent decorative order throughout.

Approximate Area: 525 square feet

Entrance:  Security entry phone, two built in cupboards 

Lounge:  L shaped lounge 16'5 x 16'5 , dual aspect windows to the side and rear, radiator, spot lighting

Kitchen:  Range of rolled edged working surfaces with cupboards above and below with brush steel handles, inset stainless steel single drainer and sink units, four ring neff gas hob with electric fan assisted oven beneath and extractor above, wall mounted combination boiler, standing space for firdge freezer and plumbing for washing machine.

Bedroom:   15'9 x 10' window to the side, radiator

Bathroom:  Modern white suite, panelled bath with mixer taps, themostactically controlled shower above, shower curtain and rail, pedestal wash hand basin, low level wc, tiled walls, radiator, opague window to the side.

Outgoings:

Lease: 89 remaining
Maintenance: £752 per annum
Ground Rent: £100 per annum

Recommended Update: Redecoration, new blinds, new washing machine and fridge/freezer

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: 4 Windlesham Court, Windlesham Gardens, Brighton BN1 3AP

Asking Price £164,950  
 
Set Up Costs
Solicitors Fees £645 incl VAT excl disbursements
Research Fee £1,500  
 
Purchase Costs
Assumed Purchase Price £164,950  
Estimated Update £3,000 incl 10% supervision fee
Stamp Duty nil commencing @ 1% over £175k
TOTAL £167,950  
 
Estimated Rental Income
Rent per week £160  
Rent per month £693  
Rent per year £8,320  
 
Owner's Annual Operating Costs
Rental Agent's Fees £1,435 @ 15% plus VAT
Ground Rent £100 per annum
Maintenance Charge £752 per annum - approx
TOTAL £2,287 per annum
 
Summary
Gross Rent Per Year £8,320  
Annual Operating Costs £2,287  
Nett Cash In Hand pa £6,032  
Nett Cash In Hand pm £502  
 
Mortgage - Assuming 75% Loan £115,465  
 
Total Cash Outlay £54,630