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2 Bed Flat For Sale The Strand, Brighton, BN2

£345,000- Flat

Yield: 4.43%
1 of 10
Yield: 4.43%
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  • Rental Guide: £1,125 - £1,275
  • 2 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
  • Maps

Key Features

  • Double Glazed
  • Gated Community
  • Close To Restaurants And Leisure Facilities
  • 24 Hr Bus Service To City Centre And Mainline Train Station
  • Option To Rent Mooring
  • Secure Parking
Last Updated: 10th June 2020

Description

Property Ref: 3648

Beautifully presented first floor, two double bedrooms two bathroom apartment. It benefits from a modernised kitchen with all new appliances, updated bathroom suites and tiling, newly installed double glazed window and doors. The lounge has direct views over the inner harbour, and the property has plantation shutters throughout. With an extended lease and allocated parking this lovely coastal home would also be great for investors looking for a buy to let that is ready to go.
Located in Brighton Marina there are a wealth of cafes, restaurants, leisure facilities as well as the beach within walking distance. It also has a 24-hour bus service to the city centre and mainline train station.


Tenure: Leasehold Address: Victory Mews, BN2 5XB...



For viewing arrangement, please use 99home online viewing system.

If calling, please quote reference: 3648

GDPR: Applying for above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property related information. If you disagree, please write to us in the message so we do not forward your details to the vendor or landlord or their managing company.

MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing on the sale.

General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact 99ome and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.

Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.

Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers or tenant to commission their own survey or service reports before finalizing their offer to purchase.

Disclaimer for virtual viewings : If you choose to make an offer based solely on a virtual viewing, then 99home Ltd does not accept any liability for errors in the
information provided, including but not limited to, measurements, photography and video content. Should you decide to make an offer on
a property, you accept that any representations made in relation to the property are based on virtual information provided by the
Vendor only. 99home is not responsible for this information or its accuracy. If in any doubt, you should make additional inquiries before
completion.

Disclaimer: 99home is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible.
Please inform us if you become aware of any information being inaccurate.
Agent Details
99Home LTD
Court Parade, Wembley, HA0 3HS
Show Contact Number
020 3500 0999

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
4.3

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Very good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current record low interest rates encourage house prices as it encourages people to borrow.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages will lead to steady house price growth.
5

Fiscal Policy

Stamp Duty:
£10350
Lower taxes for this property type will not burden this property type as much leading to potential future price growth.
8.4

Comparison with other investment alternatives

Investng in this property will give you a slightly better regular return when compared to other conservatve nvestments.
5

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 bedroom properties in close proximity are mostly listed £1,125 - £1,275 – 19 recently listed properties were found in that band. However, the highest were £3,358, £2,000, £1,950.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested