Property description

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


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.