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RDA ESTATES LIMITED
(We arrange it all)
PROPERTY HOT LIST
for latest information
and new properties
e-mail
management@rdaestates.com
Last updated:
Friday November 14, 2008
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The HOT LIST does
NOT contain all RDA properties. Many recommended properties do not appear on the
HOT LIST because some clients have registered their specific requirements and
are contacted directly when a likely property is found. Why not register your ideal requirements now ? This HOT LIST comprises brief descriptions of properties currently available and recommended by RDA based on the price at which we believe the property can be realistically purchased. The City of Brighton & Hove properties within the specific prime location selected by RDA are chosen because we believe they have growth potential and are ideal for constant rental supporting the mortgage. The cash outlay required to fund a purchase assuming an 80% mortgage is shown on the brief property description viewed below. This figure forms part of a Financial Forecast detailed for each property and includes all refurbishment/update costs to prepare the property for earliest rental, together with solicitor's and RDA fees, based on a realistic purchase price. Description of a Financial Forecast.
CHANGES IN STAMP DUTY AFFECTING BUYERS With effect from 3rd September 2008 properties costing £175,000 or less became exempt from
Stamp Duty.
The £175,000 threshold (up from £125,000) will remain in place up to and
including 2nd September 2009. |
Buying 20% Costs/Fees Cash 10% growth 7% Growth Return on Price Deposit Outlay 7 years 10 years Outlay STUDIO £135,000 £27,000 £7,000 £34,000 £263,000 £263,000 774%
ONE BED £170,000 £34,000 £9,000 £43,000 £331,000 £331,000 770%
TWO BED £210,000 £42,000 £9,500 £51,500 £409,000 £409,000 794% The fact is you’ve bought the flat for just the CASH OUTLAY and your mortgage repayments are mostly repaid by net rental depending on the rate and term of the mortgage arranged.
TO VIEW FULL PROPERTY DETAILS CLICK ON THE
RESPECTIVE PROPERTY ADDRESS ON THE HOTLIST BELOW
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A SELECTION OF BRIGHTON MARINA PROPERTIES |
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Address |
Description |
Price |
| 1 Bed Apartment | £159,000 | |
| 3 Bed Penthouse | £449,500 | |
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TOP FLOOR CONVERTED STUDIO FLAT |
£118,000 |
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Flat 9, 11 Sillwood Place Brighton BN1 2LH A delightful, West facing studio flat in a quiet location in the heart of the city. An ideal property in an excellent location - perfect for rental - a fantastic investment. We understand there may be room for negotiation on the asking price. (£26,695) |
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| Mortgage.. Assuming loan of 80% | £94,400 | 1. Repayment & Interest mortgage @ 6.0% | £608 | |||
| Total cash outlay incl update Cost & Fees | £26,695 | 2. Interest Only mortgage @ 6.0% | £472 | |||
| Mortgage.. Assuming loan of 80% | £94,000 | 1. Repayment & Interest mortgage @ 6.2% | £620 | |||
| Total cash outlay incl update Cost & Fees | £26,695 | 2. Interest Only mortgage @ 6.2% | £488 | |||
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THIRD FLOOR PURPOSE BUILT STUDIO |
£129,950 |
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25 Marlborough Court, The Drive, Hove, BN3 3JX A great studio in a well maintained purpose built block. Situated in a superb location - within easy reach of all amenities, transport facilities and the seafront. This property has an excellent letting record - a sound long term investment opportunity. (£28,135) |
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| Mortgage.. Assuming loan of 80% | £103,960 | 1. Repayment & Interest mortgage @ 6.0% | £669 | |||
| Total cash outlay incl update Cost & Fees | £29,435 | 2. Interest Only mortgage @ 6.0% | £519 | |||
| Mortgage.. Assuming loan of 80% | £103,960 | 1. Repayment & Interest mortgage @ 6.2% | £688 | |||
| Total cash outlay incl update Cost & Fees | £29,435 | 2. Interest Only mortgage @ 6.2% | £544 | |||
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ONE BEDROOM SECOND FLOOR FLAT |
£135,000 |
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Flat 7, 9 Albany Villas, Hove BN3 2RS A one bedroom, second floor converted flat within a period villa in a quiet yet central location. Conveniently situated for local amenities and a range of leisure facilities, this flat benefits from a modern kitchen and bathroom and central heating. (£29,145) |
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| Mortgage.. Assuming loan of 80% | £108,000 |
1. Repayment & Interest mortgage@ 6.0% |
£696 | |||
| Total cash outlay incl update Cost & Fees | £29,145 | 2. Interest Only mortgage @ 6.0% | £540 | |||
| Mortgage.. Assuming loan of 80% | £108,000 | 1. Repayment & Interest mortgage @ 6.2% | £709 | |||
| Total cash outlay incl update Cost & Fees | £29,145 | 2. Interest Only mortgage @ 6.2% | £558 | |||
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ONE BEDROOM FIRST FLOOR FLAT |
£139,950 |
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Flat 6, 58 Denmark Villas, Hove BN3 3TJ A one bedroom converted flat close to Hove Station - ideal for commuters. This flat benefits from a south facing lounge, a new kitchen and a new bathroom. (£30,135) |
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| Mortgage.. Assuming loan of 80% | £111,960 |
1. Repayment & Interest mortgage@ 6.0% |
£721 | |||
| Total cash outlay incl update Cost & Fees | £30,135 | 2. Interest Only mortgage @ 6.0% | £560 | |||
| Mortgage.. Assuming loan of 80% | £111,960 | 1. Repayment & Interest mortgage @ 6.2% | £735 | |||
| Total cash outlay incl update Cost & Fees | £30,135 | 2. Interest Only mortgage @ 6.2% | £578 | |||
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ONE BEDROOM GROUND FLOOR FLAT |
£147,500 |
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Flat 1, 19 Richmond Place, Brighton BN2
9NA A one bedroom ground floor flat within a recently converted property in a prime location with a secluded decked walled garden - another perfect flat for commuters. We understand there may be room for negotiation on the asking price. (£32,345) |
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| Mortgage.. Assuming loan of 80% | £118,000 | 1. Repayment & Interest mortgage @ 6.0% | £760 | |||
| Total cash outlay incl update Cost & Fees | £33,820 | 2. Interest Only mortgage @ 6.0% | £590 | |||
| Mortgage.. Assuming loan of 80% | £118,000 | 1. Repayment & Interest mortgage @ 6.2% | £775 | |||
| Total cash outlay incl update Cost & Fees | £33,820 | 2. Interest Only mortgage @ 6.2% | £610 | |||
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ONE BEDROOM FIRST FLOOR FLAT |
£147,500 |
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First Floor Flat, 19 Richmond Place, Brighton BN2
9NA A one bedroom first floor flat within a recently converted property in a prime location with a decked roof terrace - the perfect flat for commuters. We understand there may be room for negotiation on the asking price. (£32,345) |
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| Mortgage.. Assuming loan of 80% | £118,000 | 1. Repayment & Interest mortgage @ 6.0% | £760 | |||
| Total cash outlay incl update Cost & Fees | £33,820 | 2. Interest Only mortgage @ 6.0% | £590 | |||
| Mortgage.. Assuming loan of 80% | £118,000 | 1. Repayment & Interest mortgage @ 6.2% | £775 | |||
| Total cash outlay incl update Cost & Fees | £33,820 | 2. Interest Only mortgage @ 6.2% | £610 | |||
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TWO BED GROUND FLOOR FLAT WITH PARKING |
£148,000 |
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15 South Point, Emerald Quay, Shoreham-By-Sea BN43
5JL Emerald Quay is riverside marina development where residents enjoy exclusive use of a Leisure Complex. This property further benefits from an allocated car parking space plus visitors parking and landscaped communal gardens. (£35,321) |
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| Mortgage.. Assuming loan of 80% | £118,400 |
1. Repayment & Interest mortgage@ 6.0% |
£763 | |||
| Total cash outlay incl update Cost & Fees | £35,321 | 2. Interest Only mortgage @ 6.0% | £592 | |||
| Mortgage.. Assuming loan of 80% | £118,400 | 1. Repayment & Interest mortgage @ 6.2% | £777 | |||
| Total cash outlay incl update Cost & Fees | £35,321 | 2. Interest Only mortgage @ 6.2% | £612 | |||
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ONE BEDROOM SECOND FLOOR FLAT |
£149,950 |
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12 Cavendish House, Kings Road, Brighton BN1 2JH A one bedroom property situated directly on Brighton's famous seafront. The apartment has been completely refurbished to a high standard and has plenty of storage. This property also benefits from a resident caretaker. (£32,135) |
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| Mortgage.. Assuming loan of 80% | £119,960 |
1. Repayment & Interest mortgage@ 6.0% |
£773 | |||
| Total cash outlay incl update Cost & Fees | £32,135 | 2. Interest Only mortgage @ 6.0% | £600 | |||
| Mortgage.. Assuming loan of 80% | £119,960 | 1. Repayment & Interest mortgage @ 6.2% | £788 | |||
| Total cash outlay incl update Cost & Fees | £32,135 | 2. Interest Only mortgage @ 6.2% | £620 | |||
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TWO BED SEVENTH FLOOR FLAT PURPOSE BUILT FLAT WITH GARAGE |
£249,950 |
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29 Grove Court, The Drive, Hove BN3 3JG This spacious property is situated on one of the most sought after roads in Hove. Located on the seventh floor, this apartment benefits from a westerly aspect balcony with views to the sea and a garage at the rear of the building. (£54,635) |
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| Mortgage.. Assuming loan of 80% | £199,960 |
1. Repayment & Interest mortgage@ 6.0% |
£1,288 | |||
| Total cash outlay incl update Cost & Fees | £54,635 | 2. Interest Only mortgage @ 6.0% | £999 | |||
| Mortgage.. Assuming loan of 80% | £199,960 | 1. Repayment & Interest mortgage @ 6.2% | £1,313 | |||
| Total cash outlay incl update Cost & Fees | £54,635 | 2. Interest Only mortgage @ 6.2% | £1,033 | |||
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TWO BED THIRD FLOOR FLAT PURPOSE BUILT FLAT WITH BALCONY & COMMUNAL GARDENS |
£239,950 |
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24 Furze Hill Court, Hove BN3 1PG A superb south facing apartment in highly popular location. Fully refurbished to an exceptionally high standard. Stylish kitchen, luxury bathroom, new gas central heating. Balcony with sea views. Resident caretaker. (£52,535) |
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| Mortgage.. Assuming loan of 80% | £191,960 |
1. Repayment & Interest mortgage@ 6.0% |
£1,237 | |||
| Total cash outlay incl update Cost & Fees | £52,535 | 2. Interest Only mortgage @ 6.0% | £960 | |||
| Mortgage.. Assuming loan of 80% | £191,960 | 1. Repayment & Interest mortgage @ 6.2% | £1,260 | |||
| Total cash outlay incl update Cost & Fees | £52,535 | 2. Interest Only mortgage @ 6.2% | £992 | |||
If you don't see what you are looking for, ask and we will source properties that meet your requirements.