RDA Estates

"experts in residential property investment"

Flat 6, 37 Brunswick Terrace, Hove, East Sussex, East Sussex, BN3 1HA

A magnificent Grade 1 listed building situated in one of the most sought-after areas on Hove's stunning seafront, close to all amenities and bus routes. A well presented one bedroom apartment offered to the market with no onward chain.

£ 229,950.00
Category: Share of Freehold
Property Type: One Bedroom
Beds: 1
Baths: 1.00
Status: Sold
Outline:

A magnificent Grade 1 listed building situated in one of the most sought-after areas on Hove's stunning seafront, close to all amenities and bus routes.

A well presented one bedroom apartment offered to the market with no onward chain.


Facilities:
Double Glazing,Gas Fired Central Heating,Sea Views,Shower

Location:

One of Hove's biggest attractions is it's glorious seafront with the beautiful remains of the West Pier standing silent guard over the area.

This magnificent building of exceptional interest is located very central to Brighton city centre within 10-15 minutes walk with alternative bus routes touring all over the city. Brighton station is a 10 minute bus ride away for commuters and general transport.

Even closer by is the beach, Hove Lawns, a local swimming pool with a gym next door, delicious independent cafes along the seafront road and the main Western Road, Brunswick Square & Palmeira Square (lovely enclosed grass areas perfect for picnics, meeting friends, walking your dog or just relaxing on a bench or on the grass). As you step out of the buildings front door you need cross the road in-front of you and you are on Hove Lawns; perfect for meeting with friends, BBQ's, exercising etc. A further 30m walk and you are on the beach promenade with the beach running just below ground level.


Nearby:
Shopping Area,Town Centre,Coffee Shop,Beach,Cinema,Park,Restaurants

Property Details:
Entrance:

Secure double lock door leading to entrance lobby

Lounge / Dining:

16' 5" x 9' 11" Double aspect windows, neutral décor, fully carpeted through-out, feature bannister alongside steps leading down to bathroom/bedroom area

Lobby:

Entry-phone system

Kitchen:

9' x 8' 9" Modern kitchen with new white fitted base cupboards complementing the wooden worktops. Integrated electric fan oven with four ring gas hob and an extractor/cooker hood, washing machine and fridge/freezer, stainless steel splash back, fitted glass fronted wall unit, cupboard housing wall mounted glow worm boiler and tiled floor

Bedroom:

12' 2" x 7' 11" Wall to wall range of fitted wardrobe cupboards with hanging rail and shelving, double radiator and window

Bathroom:

White suite, fully tiled bathroom with electric shower over bath, pedestal wash hand basin with mixer tap, low level WC, window, radiator

Lease:

Share of freehold


A Financial Forecast highlighting costs and projected income is included for each property. This data enables clients to make informed decisions before proceeding with a purchase. Please see below for Financial Forecast Guide.

Asking Price £229,950  
 
Set Up Costs
Solicitors Fees        £780 incl VAT excl disbursements
Research Fee     £2,000  excl. VAT
 
Purchase Costs
Assumed Purchase Price £229,950  
Estimated Update            £0 incl 10% supervision fee
Stamp Duty     £2,100 commencing @ 1% over £125k
TOTAL £232,050  
 
Estimated Rental Income
Rent per week        £196.15  
Rent per month        £850.00  
Rent per year     £10,200.00  
 
Owner's Annual Operating Costs
Rental Agent's Fees     £1,759.50 @ 15% plus VAT
Ground Rent            £200 per annum
Maintenance Charge     £1,750.00 per annum
TOTAL     £3,509.50 per annum
 
Summary
Gross Rent Per Year     £10,200  
Annual Operating Costs     £3,509.50  
Nett Cash In Hand pa     £6,690.50  
Nett Cash In Hand pm        £557.54  
 
Mortgage - Assuming 70% Loan £160,965  
 
Total Cash Outlay   £73,865  Incl. 30% Deposit, Update, Stamp Duty & Set Up Cost

ASKING PRICE
The price of the property as advertised.

SET UP COSTS
These are costs associated with the purchase of the property.

The Solicitors Fees are the costs for undertaking the legal work. This fee does not include the disbursements. The RDA Research Fee of £2,000 covers our expenses in relation to sourcing and identifying the property as an ideal investment in terms of asset growth and rental potential. It also includes our assistance with the purchase process. RDA monitors and progress chases property purchases and assists with all/any matters arising on behalf of our clients.

 

Please be aware if this is an addition to your property portfolio stamp duty will be an additional 3% of the purchase price.

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