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RDA ESTATES LIMITED
(We arrange it all)
12 CAVENDISH HOUSE
ONE BEDROOM SECOND FLOOR FLAT
PRICE £149,950
WITH SHARE OF FREEHOLD
Location: Situated on the second floor of a popular purpose built block on Kings Road - directly on Brighton's famous seafront and promenade. A modern shopping mall as well as Brighton's famous quirky mix of unique specialist shops are all within easy reach, as are a truly cosmopolitan selection of bars and restaurants. The mainline station provides fast, frequent links to London and Gatwick Airport whilst the local buses offer quick, regular services throughout the city of Brighton & Hove and beyond.
Description:
A newly refurbished and rewired single bedroom purpose built flat. The property
benefits from an entrance hall with plenty of storage, a newly fitted bathroom
with shower and a dual aspect living room with well fitted contemporary open
plan kitchen. Further benefits include a resident caretaker and a
passenger lift.
Approximate Area: 350 square feet
Entrance:
Range of built-in wardrobe and storage cupboards,
further cupboard housing hot water cylinder, door entryphone system.
Lounge With Open Plan Kitchen:
18'1" x 13'7"
Lounge area: dual aspect room
with north and west facing double glazed windows, electric heater, two wall
light points, wall to wall fitted mirrors.
Kitchen area: Newly fitted
with range of units comprising eye level wall cupboards and base cupboard units
with working surfaces over, single bowl single drainer stainless steel sink unit
with Monobloc mixer tap, integrated washing machine, four ring electric hob with
Neff stainless steel electric oven below and extractor fan unit over, over
display lighting.
Bedroom:
7'7" x 6’3" West facing double glazed
window, electric heater.
Bathroom: Newly fitted with
white suite comprising bath with Monobloc taps and wall mounted shower unit,
pedestal wash hand basin with Monobloc taps, close coupled WC, part tiled walls,
tiled flooring, chrome ladder style heated towel rail, recessed down lighting,
frosted double glazed window, extractor fan.
Lease: 990 years remaining tbc Maintenance: £1,000 pa tbc
Ground Rent: nil
Update: No work required
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.
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FINANCIAL FORECAST |
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12 Cavendish House Kings Road Brighton BN1 2JH |
||
| Asking Price | £149,950 | |
| Set Up Costs | ||
| Solicitors Fees | £645 | Inc VAT excludes disbursements |
| Research | £1,500 | |
| Purchase Costs | ||
| Assumed Purchase Price | £149,950 | |
|
Estimated Update |
£0 | No work required |
| Stamp Duty | £0 | Commencing @ 1% over £175k |
| Total Purchase Costs | £149,950 | |
| Estimated Rental Income | ||
| Rent per week | £150 | |
| Rent per month | £650 | |
| Rent per year | £7,800 | |
| Owners Annual Operating Costs | ||
|
Rental Agents Fees |
£1,375 | @15% plus VAT |
|
Ground Rent |
£0 |
|
| Maintenance |
£1,000 |
Per annum |
|
Total |
£2,375 |
Per annum |
| Summary | ||
| Gross rent per year | £7,800 | |
| Annual Operating Costs | £2,375 | |
| Nett Cash in Hand p.a. | £5,425 | |
| Nett Cash in Hand p.m. | £452 | |
| Mortgage .... Assuming 80% loan | ||
| Amount of Loan | £119,960 | |
| Total Cash Outlay | £32,135 | |
See Notes