|
The leader in Residential Property Investment
in Brighton for the astute investor at home or abroad
Home Page
Stop Press
UK Property Market latest news
Property
Hot List
Updated at least twice a week
Financial Forecast
International
Contacts
UK
Hong Kong
Registration
Form
Expatriate
Mortgages
"IMP"
Independent
specialists for homes in the UK
UK Taxation
Leasehold Properties
B & H
Bullet
Points
| |
Property
Investment
RDA ESTATES LIMITED
(We arrange it all)
19 RICHMOND PLACE, BRIGHTON BN2 9NA
ONE BEDROOM FIRST FLOOR CONVERTED FLAT
WITH OWN DECKED REAR ROOF TERRACE

£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 light, airy one bedroom first floor flat within a recently converted period property.
A perfect flat for commuters, additional
benefits include a modern fitted kitchen, gas central heating and a decked rear
roof terrace.
Approximate
Area: 400 square feet
Entrance Hall:
Wall mounted electric fuse box, door entry phone receiver, door to:-
Lounge: 14'6" x 10'
Double radiator, double glazed window to
rear, ceiling spotlights.
Recessed Kitchen: 9' 5" x 7' 1" Modern range of wall & base
units with roll edged work surfaces over, inset stainless steel sink unit with
mixer taps, inset 4 ring hob with electric oven under & stainless steel cooker
hood over, integrated washing machine, integrated dishwasher, integrated
fridge/freezer. Double radiator, wall mounted 'Ideal' combination boiler,
double glazed window to side, double doors to roof terrace.
Inner Hallway
Door to:
Bedroom: 14'1" into bay x 10' Double radiator, sash bay
window to front with secondary glazing, ceiling spotlights.
En Suite Shower Room: Modern fitted shower room with tiled shower
cubicle with sliding door, low level - dual flush WC, pedestal wash hand basin,
chrome ladder style heated towel rail, fully tiled walls.
Lobby
Fire door to communal hallway
Rear Roof Terrace:
Decked roof terrace
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.
|
FINANCIAL FORECAST |
|
FFF, 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 |
£173 |
|
| Rent per month |
£750 |
|
| Rent per year |
£8,996 |
|
| |
|
|
| |
| Owners
Annual Operating Costs |
|
Rental Agents Fees |
£1,586 |
@15% plus VAT |
|
Ground Rent |
£125 |
Per annum |
| Maintenance |
£600 |
Per annum |
|
Total |
£2,311 |
Per annum |
| Summary |
| Gross rent per year |
£8,966 |
|
| Annual Operating Costs |
£2,311 |
|
| Nett Cash in Hand p.a. |
£6,685 |
|
| Nett Cash in Hand p.m. |
£557 |
|
|
|
|
| Mortgage ....
Assuming 80% loan |
| Amount of Loan |
£118,000 |
|
| Total Cash Outlay |
£32,345 |
See Notes
|