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RDA ESTATES LIMITED
(We arrange it all)
FLAT 7, 9 ALBANY VILLAS, HOVE BN3 2RS
ONE BEDROOM SECOND FLOOR FLAT
PRICE £135,000 WITH SHARE OF FREEHOLD
Location: This central Hove location offers superb shopping facilities and a cosmopolitan selection of bars and restaurants. The lawns, promenades and beaches of Hove seafront are just a short walk away, as is Sussex County Cricket Ground. Hove's mainline railway station provides fast, frequent links to London and Gatwick Airport and the local buses provide quick regular services to Brighton city centre and beyond.
Description:
A one double bedroom, second floor converted flat within a period villa.
This property benefits from a modern kitchen and bathroom and gas central
heating.
Approximate Area:
350square feet
Entrance:
Communal entrance with stairs rising to the property on the second floor.
Hallway with radiator and storage cupboards with washing machine, doors to all
rooms.
Lounge:
11' 3" x 10' 4" Coved ceiling, radiator, sash windows to the
rear of the property, wall lights.
Kitchen:
Modern Kitchen comprising range of wall, base and drawer units with
rolled edge work surfaces, part tiled walls, Worcester combination boiler,
stainless steel sink and drainer with mixer tap, four ring gas hob with oven
under and cooker hood over, space for appliances, tiled flooring, single glazed
window.
Bedroom:
12' 9 x 9' 3 Coved ceiling, wall lights, radiator, two sash windows
to the rear.
Bathroom:
Coloured bathroom suite comprising pedestal hand wash basin, low level
close coupled WC, bath with mixer tap and shower attachment, radiator, coved
ceiling, glass fronted cabinet, part tiled walls, vinyl flooring, extractor fan.
Outgoings:
Lease: Share of Freehold
Maintenance: £990 pa
Ground Rent: n/a
Recommended Update:
No work 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 7, 9 ALBANY VILLAS, HOVE BN3 2RS |
||
| Asking Price | £135,000 | |
| Set Up Costs | ||
| Solicitors Fees | £645 | Inc VAT excludes disbursements |
| Research | £1,500 | |
| Purchase Costs | ||
| Assumed Purchase Price | £135,000 | |
|
Estimated Update |
£0 | No work required |
| Stamp Duty | £0 | Commencing @ 1% over £175k |
| Total Purchase Costs | £135,000 | |
| Estimated Rental Income | ||
| Rent per week | £142 | |
| Rent per month | £615 | |
| Rent per year | £7,384 | |
| Owners Annual Operating Costs | ||
|
Rental Agents Fees |
£1,301 | @15% plus VAT |
|
Ground Rent |
£0 |
|
| Maintenance |
£990 |
Per annum |
|
Total |
£2,291 |
Per annum |
| Summary | ||
| Gross rent per year | £7,384 | |
| Annual Operating Costs | £2,291 | |
| Nett Cash in Hand p.a. | £5,093 | |
| Nett Cash in Hand p.m. | £424 | |
| Mortgage .... Assuming 80% loan | ||
| Amount of Loan | £108,000 | |
| Total Cash Outlay | £29,145 | |
See Notes