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RDA ESTATES LIMITED
(We arrange it all)
FLAT 6, 58 DENMARK VILLAS, HOVE BN3 3TJ
ONE BEDROOM FIRST FLOOR CONVERTED FLAT
PRICE £139,950
LEASEHOLD
Location: Denmark Villas is
centrally situated, close to Hove railway
station, an excellent range of shopping facilities and an abundance of fine
restaurants and wine bars. Hove seafront and Sussex County Cricket Club are
also within walking distance. Both the train and local bus services
provide a quick route to the centre of Brighton and beyond.
Description:
A newly refurbished one bedroom first floor flat within a converted
period property in a sought after, central Hove location. Features include
a south facing lounge, a new kitchen and a new bathroom. An ideal flat for commuters
and a sound investment property.
Approximate Area: 300 square
feet
Communal Entrance: Stairs to first floor, personal front door to:
Lounge:
South facing large bay window with sash windows, recessed cupboard, night
storage heater and new carpet.
Kitchen: Newly installed units with single drainer sink
unit, cupboards beneath, laminate work surface, electric oven and hob,
extractor, eye level wall cupboards, useful recess, window.
Bedroom: South facing sash window, new carpet.
Bathroom: New white suite comprising panel bath, wash hand
basin, low level WC and new Mira shower.
Outgoings:
Ground Rent: £150 pa
Maintenance: £551.28 pa
Recommended Update: Newly refurbished -
no update required.
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 |
||
|
FLAT 6, 58 DENMARK VILLAS, HOVE BN3 3TJ |
||
| Asking Price | £139,950 | |
| Set Up Costs | ||
| Solicitors Fees | £645 | Inc VAT excludes disbursements |
| Research | £1,500 | |
| Purchase Costs | ||
| Assumed Purchase Price | £139,950 | |
|
Estimated Update |
nil | |
| Stamp Duty | nil | Commencing @ 1% over £175k |
| Total Purchase Costs | £139,950 | |
| Estimated Rental Income | ||
| Rent per week | £140 | |
| Rent per month | £607 | |
| Rent per year | £7,280 | |
| Owners Annual Operating Costs | ||
|
Rental Agents Fees |
£1,586 | @15% plus VAT |
|
Ground Rent |
nil |
|
| Maintenance |
£720 |
Per annum |
|
Total Operating Costs |
£2,306 |
Per annum |
| Summary | ||
| Gross rent per year | £7,280 | |
| Annual Operating Costs | £1,983 | |
| Nett Cash in Hand p.a. | £5,296 | |
| Nett Cash in Hand p.m. | £441 | |
| Mortgage .... Assuming 80% loan | ||
| Amount of Loan | £111,960 | |
| Total Cash Outlay | £30,135 | |
See Notes