Flat 2, 30 Brunswick Street East, Hove, East Sussex, BN3 1AU
A first floor three bedroom converted apartment in a central location with garage and off street parking.
|A well proportioned three bedroom flat on the first floor of a modern, popular street. The property comes with off street parking and a garage. The kitchen is in fantastic condition and has been impeccably maintained. No update is needed to the property.|
|Garage,Gas Fired Central Heating,Parking,Shower|
|Brunswick Street East is just outside the centre of Brighton and is less than five minutes from the city's popular amenities, including Brunswick Square, Western Road and Brighton seafront. With a fast, frequent bus service you are just a few minutes away from the endless restaurants, cafes and shops that occupy the city centre. VIEW MAP|
|Shopping Area,Town Centre,Train Station,Coach Station,Coffee Shop,Beach,Cinema,Restaurants|
|Entrance:||Doors to lounge, kitchen/breakfast room, three bedrooms and the bathroom. Door entry phone receiver, central heating thermostat.|
|Lounge:||15'0 x 15'0 Front facing room with two attractive sash windows, wood laminate flooring and a radiator.|
|Kitchen:||13'5" x 7'10" A modern white high gloss kitchen comprising a range of wall, base and drawer units with black roll edged work surfaces over, inset stainless steel sink positioned below the sash window, space for appliances, inset 5 burner hob and double oven, tiled floor and splash backs, radiator and space for a breakfast table.|
|Bedroom 1:||11'8" x 10'9" Double bedroom located at the front of the building, sash window, radiator and large built in storage cupboard.|
|Bedroom 2:||13'1" x 9'2" Double bedroom, sash window to the rear and a radiator.|
|Bedroom 3:||8'6" x 8'2" Sash window to the rear and a radiator.|
|Bathroom:||7'2" x 6'2" Modern white suite comprising panel enclosed bath with fitted shower over, hand wash basin, low level close coupled w.c, tiled walls, upright radiator/towel rail.|
|Outside:||Integral garage as well as off-street parking|
|Lease:||125 Years from December 1998 (112 years remain)|
|This property does not require any update.|
|A professional electrical survey may reveal work not covered by the update. It is recommended that an electrical survey is carried in addition to the valuation survey at a cost of GBP 180.00 (inclusive of VAT)|
|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.|
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.
|Set Up Costs|
|Solicitors Fees||£780||incl VAT excl disbursements|
|Assumed Purchase Price||£349,000|
|Estimated Update||£0||incl 10% supervision fee|
|Stamp Duty||£3,490||commencing @ 1% over £125k|
|Estimated Rental Income|
|Rent per week||£300|
|Rent per month||£1,300||Current rent|
|Rent per year||£15,600|
|Owner's Annual Operating Costs|
|Rental Agent's Fees||£2,691||@ 15% plus VAT|
|Ground Rent||£-||per annum|
|Maintenance Charge||£1010||per annum|
|Gross Rent Per Year||£15,600|
|Annual Operating Costs||£3,701|
|Nett Cash In Hand pa||£11,899|
|Nett Cash In Hand pm||£991.58|
|Mortgage - Assuming 70% Loan||£244,300|
|Total Cash Outlay||£110,970|
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.
The fee is payable in two parts. £1,000 is due upon a client’s decision to purchase. This initial payment is not refundable but can be carried forward to an alternative purchase should the sale fall through. The balance of £1,000 is payable upon exchange of contracts of sale. When a mortgage is required the cost of the lender's arrangement fee and survey also need to be factored in.
These are the direct costs of purchasing the property. Assumed Purchase Price is the price which RDA anticipates being able to negotiate on behalf of the client. Estimated Update is based on RDA's recommendations for refurbishment. Stamp Duty Land Tax is the tax payable to the UK Government when you buy property.
OWNER'S ANNUAL OPERATING COSTS
Rental Agent's Fees are deducted monthly by the rental agent. Ground Rent is an annual fee charged by the Freeholder of a Leasehold property.
Maintenance Charges are a share of the costs of the maintenance of the building and the building insurance but do not include occasional internal maintenance costs.
An overview of the annual income and expenditure.
TOTAL CASH OUTLAY
Calculated as 30% of the Assumed Purchase Price plus Estimated Update, Stamp Duty and Set Up Costs.