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2 bedroom flat for sale

Royal Oak House, Sandhill Lane, Crawley Down, West Sussex

Guide Price £220,000

Property Description

Full description

Tenure: Leasehold

***GUIDE PRICE 220,000 TO 240,000.***
Investors and First time buyers alike will find this wonderful 2 bedroom, first floor flat in the heart of Crawley Down village with Parking and an abundance of storage. The shops are less than a minute from the front door as are the bus stops with services to East Grinstead, Copthorne, Crawley & Tunbridge Wells.

The flat itself is accessible via communal entrance leading to its private front door with a lockable storage cupboard to the side. The large entrance hall offers access to every room as well as 3 large storage cupboards. The refitted kitchen overlooks the front, with a range of wall and base units, electric oven and hob with cooker hood above. Space and plumbing for washing machine and fridge freezer. There is also another large pantry.

The Lounge is almost 16ft in length and offers double aspects to the front and rear. Bedroom 1 is L shaped and 12' 3" x 11' 11" max whilst bedroom 2 is 9' 9" x 6' 9" and has built in double wardrobes which maximises the ground floor space of the room, the bathroom comprises of a modern white suite

INVESTMENT INFORMATION:
The flat has been assessed by our lettings department to obtain approx.' 875 - 915 pcm.
At 900 pcm this offers a 4.6% return assuming full asking price deal and using cash.
If you were to mortgage 50% of the property on a buy-to-let then it would offer a 9.2% return, whilst a 75% loan to value purchase would offer a return of 18.4% on your invested sum.
(This does not take into account charges, fees etc)

LEASEHOLD INFORMATION:
Lease is 125 years from 12th April 1988 so has 98 years left.
The total charges for 2014-2015 are 489.23 and includes; Communal Electricity, Maintenance, Estate Repairs, Block Repairs, Window Cleaning, TV/AERIAL Servicing. There appears to be no major works pending.

Two Bedrooms
Re-Fitted Kitchen
Off Street Parking
Flat/Apartment
Leasehold


Energy Performance Certificates (EPCs)

Energy Performance Certificate (EPC) graphs

Listing History

Added on Rightmove:
12 May 2016

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Disclaimer - Property reference KCD150099. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by King & Chasemore, Crawley Down. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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