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Property
Investment
RDA ESTATES LIMITED
(We arrange it all)
19 RICHMOND PLACE, BRIGHTON BN2 9NA
ONE BEDROOM GROUND FLOOR CONVERTED FLAT
WITH OWN DECKED GARDEN

£147,500 - OR NEAR OFFER - LEASEHOLD
Location: Richmond Place is situated in an extremely convenient
location in central Brighton and yet from inside the property nobody would guess
that much of what one of Britain's liveliest cities has to offer is just a short
walk away. Richmond Place is directly opposite the exotic Royal Pavilion - seaside fantasy palace of King George IV. Brighton Station, with its
commuter links to London Victoria, Kings Cross and London Bridge, is within 10
minutes walk. A modern shopping mall as well as a quirky mix of hundreds
of unique specialist shops are all within easy reach, as is the seafront with
its lively promenades. An excellent bus service provides easy access to
most parts of town and beyond.
Description:
A one bedroom ground floor flat within a recently converted period property.
A perfect flat for commuters, additional
benefits include gas central heating, newly fitted kitchen and shower room and a
rear decked garden.
Approximate
Area: 400 square feet
Communal Hallway: Understairs cupboard housing electricity meter.
Lounge: 14'8" x 10'
Double radiator, wall mounted electric
fuse box, double doors to outside, ceiling spotlights.
Kitchen: 12' 7" x 6' 5" Modern range of wall & base units
with roll edged work surfaces over, inset stainless steel single drainer sink
unit with mixer taps, inset 4 ring 'Stoves' gas hob with electric oven under &
cooker hood over, integrated dishwasher, integrated fridge/freezer.
Cupboard housing 'Ideal' combi boiler and space & plumbing for washing machine,
further storage cupboard, breakfast bar, ceiling spotlights.
Shower Room: Modern fitted shower room with tiled double shower
cubicle with sliding door, low level WC, pedestal wash hand basin, chrome ladder
style heated towel rail, fully tiled walls, uPVC double glazed window with
frosted glass to side.
Inner Hallway
Bedroom: 13' 7" into bay x 10' 4" Double radiator, sash bay
window to front with secondary glazing, ceiling spotlights.
Rear Garden: Decked walled garden measuring 20' 2" x 14' 2", pebbled
area to rear. L shaped.

Outgoings:
Lease: New 125 year lease
Maintenance: £600 pa - tbc
Ground Rent: £125 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.
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FINANCIAL FORECAST |
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Flat 1, 19 Richmond Place, Brighton BN2 9NA |
| Asking Price |
£147,500 |
|
| Set Up Costs |
| Solicitors Fees |
£645 |
Inc
VAT excludes disbursements |
| Research |
£1,500 |
|
| Purchase Costs |
| Assumed Purchase Price |
£147,500 |
|
|
Estimated Update |
£700 |
Includes 10% Supervision |
| Stamp Duty |
nil |
Commencing @ 1% over
£175k |
| Total Purchase Costs |
£148,200 |
|
| |
|
|
| Estimated
Rental Income |
| Rent per week |
£179 |
|
| Rent per month |
£775 |
|
| Rent per year |
£9,308 |
|
| |
|
|
| |
| Owners
Annual Operating Costs |
|
Rental Agents Fees |
£1,640 |
@15% plus VAT |
|
Ground Rent |
£125 |
Per annum |
| Maintenance |
£600 |
Per annum |
|
Total |
£2,366 |
Per annum |
| Summary |
| Gross rent per year |
£9,308 |
|
| Annual Operating Costs |
£2,366 |
|
| Nett Cash in Hand p.a. |
£6,942 |
|
| Nett Cash in Hand p.m. |
£579 |
|
|
|
|
| Mortgage ....
Assuming 80% loan |
| Amount of Loan |
£118,000 |
|
| Total Cash Outlay |
£32,345 |
See Notes
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