12 Year Lease Option Deal – St Leonards on Sea

2 Bed Basement Apartment (Sea Fronted)
Packaged Property Deals, ‘Leaving you time for more important things’

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Property Details Eversfield Place, St Leonards on Sea TN37, (Share of Freehold)

Accommodation comprises of:
Hall, Lounge Diner, Kitchen, 2 Bedrooms, Bathroom in great condition , includes shower cubicle. GCH, Dbl Glazed

Structure of deal:
        Market value £115,000 Investor price £103,000 Discount from market value 10.5% Estimated rent £500 per month (single let) Mortgage payments £250 12 Year Lease Option available Investment required - £4,995+vat Legals included

Financial details:
Investment required for lease option is £4,995+vat
          Rental cashflow (as standard property £250 per month) With tenant buyer, cashflow rises to £350 per month Return on investment in 20 months No mortgage required No credit checks required No applications Recommended & experienced solicitors used Funds in Escrow until completion Rental Profit (per term) £36,000 Profit during life of lease option £79,853

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

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Neighbourhood Profile
Often, many of the people who live in this sort of postcode will be low income singles living in small rented flats Geographically neighbourhoods fitting this profile occur in various locations including Canterbury, seaside towns such as Torquay and Blackpool, and Scottish towns such as Dundee, Galashiels, and Paisley. These neighbourhoods are largely composed of single people, both young and old. Around 20% of the people in these areas are in their 20s, but 10% are over 75. Both are well above the national average. The dominant characteristic is the single person renting small flats. There may also be some communal establishments such as nursing homes. Incomes are quite low. People have average educational qualifications. Their relatively routine jobs are in shops and offices, and there is some unemployment. With the elderly contributing to higher than average numbers of people with long term illnesses, these areas are beginning to experience some need for social services. While the younger people aspire to gold cards, interactive TV and telephone banking, the reality is they have low limits on their credit cards, plan to pay off debts, and possibly need a loan. Their spending on food is low, and catalogue shopping helps them economise. Few people own a car, with those who do paying high insurance premiums. Most get about on foot, by bike, or public transport. The pub is a relatively popular place for eating, either at lunch-time or in the evening. Leisure interests tend to be football and betting on the horses. At home they might unwind by listening to music or reading a novel. There is a keen interest in self-improvement and education. eighbourhood Profile

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

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Rental Comparable

£600 pcm
2 bedroom apartment to rent Eversfield Place, ST. LEONARDS-ON-SEA Fox & Sons are delighted to offer you this spacious two bedroom ground floor flat. The property consists of two double bedrooms, recently fitted kitchen, spacious lounge. The property benefits from gas central heating, located on the seafront with seaviews. Highly recommend viewings at this stunn... See this property on rightmove.co.uk

£550 pcm
2 bedroom flat to rent Eversfield Place, St Leonards on sea, Very well presented two double bedroom second floor flat located on the seafront with panoramic sea views. The flat comprises of open plan lounge/kitchen with feature bay window and fully integrated appliances to include fridge/freezer, washing machine and gas hob with electric oven, two doub... See this property on rightmove.co.uk

£550 pcm
2 bedroom flat to rent Eversfield Place, ST. LEONARDS-ON-SEA Fox & Sons are pleased to offer this delightful two bedroom seafront apartment. The property consists of two double bedrooms, modern open plan lounge / kitchen, modern fitted bathroom. The property benefits from gas central heating, double glazing and stunning seaviews. Available Now! See this property on rightmove.co.uk

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

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Sales Comparable

£119,950
2 bedroom flat for sale Eversfield Place, St. Leonards-On-Sea Two Bedroom second floor flat, located on St Leonards seafront with views across the English Channel to Hastings Pier and Beachy Head. The property has the benefit of upvc sealed unit double glazing and night storage heating and is to be sold to include a share of the Freehold of the building. See this property on rightmove.co.uk

£124,950
2 bedroom flat for sale Eversfield Place, St Leonards On Sea, East Sussex Bairstow Eves are proud to present this 2 bedroom Victorian style sea front apartment, boasting stunning sea views from both living room and kitchen. The property features large 18' lounge with original floorboards, bespoke bookcases and separate WC. Early viewing is recommended. See this property on rightmove.co.uk £129,950 2 bedroom flat for sale Eversfield Place, St. Leonards-On-Sea

Fox & Sons are delighted to offer to the market this recently refurbished two bedroom second floor flat, situated on St Leonards sea front. The property has the benefit of gas central heating and enjoys far reaching sea views. Viewing is considered highly recommended! See this property on rightmove.co.uk

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

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MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.