Top Flat 85 Sackville Road Hove BN3 3WE

85sackvillesmall.jpgONE BEDROOM FIRST FLOOR FLAT
£157,500

A bright, spacious first floor flat in an end of terrace corner property.  A great rental property in an excellent location with easy access to local amenities, transport facilities and Hove seafront.
Initial outlay required: £42,000

SOLD

Location: Situated on a tree lined road just around the corner from the local shopping area and within walking distance of Hove station with an excellent bus service providing easy access into the city centre and beyond.  The delightful promenades of Hove seafront are only a short walk away.

Description: A spacious first floor flat which benefits from a modern fitted kitchen, a modern fully tiled bathroom and gas fired central heating.

Approximate Area: 550 square feet

Entrance: Entrance door with staircase leading to landing with trap door to roof storage, meter cupboard and high level window.

Lounge: 16'9 x 17'4  Bay sash windows with westerly aspect.  Two radiators, telephone point, cable tv point.  Neutral carpet.

Kitchen: 7'3 x 9'6  Round edged laminated work surfaces with cupboard and drawer units under and matching wall cupboards over.  Inset stainless steel sink unit with mixer tap.  Inset four burner gas hob with matching electric oven under and extractor hood over.  Integrated washing machine and refrigerator.  Tiled splashbacks, tiled floor, radiator.

Bedroom:  13'9 x 11'5  Sash window to the rear.  Feature fireplace, radiator.  Neutral carpet.

Bathroom:  White suite comprising panelled bath with mixer tap and shower attachment, vanity basin with mixer tap and storage cupboards under, low level wc with concealed cistern, heated towel rail/radiator.

Outgoings:

Lease: 77 years remaining
Maintenance: £850 pa tbc
Ground Rent: £100 pa

Recommended Update: Blinds

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: address-here
Financial Forecast Guide

Asking Price £157,500  
 
Set Up Costs
Solicitors Fees £645 incl VAT excl disbursements
Research Fee £1,500  
 
Purchase Costs
Assumed Purchase Price £157,500  
Estimated Update £500 incl 10% supervision fee
Stamp Duty nil commencing @ 1% over £175k
TOTAL £158,000  
 
Estimated Rental Income
Rent per week £165  
Rent per month £715  
Rent per year £8,580  
 
Owner's Annual Operating Costs
Rental Agent's Fees £1,480 @ 15% plus VAT
Ground Rent £100 per annum
Maintenance Charge £850 per annum tbc
TOTAL £2,430 per annum
 
Summary
Gross Rent Per Year £8,580  
Annual Operating Costs £2,430  
Nett Cash In Hand pa £6,150  
Nett Cash In Hand pm £512  
 
Mortgage - Assuming 75% Loan £118,125  
 
Total Cash Outlay £42,020