2 bed Flat For Sale £325,000
Cox & Co are pleased to offer this two double bedroom converted upper ground floor apartment. The property is ideally located in the heart of the popular Church Road district with all of its coffee shops, cafes and restaurants. The property is located just 0.2 miles away from Hove seafront.
The accommodation comprises of a large west-facing lounge, two double bedrooms, kitchen and a family bathroom.
Outside the property also has a private off-street parking space at the rear of the property which for central hove is very rare. The flat also owns the front garden to the property.
Please note This property has a 50-year lease with a £72000 lease extension required therefore we are only dealing with buyers with a large deposit or cash purchasers.
This property has a 50-year lease and a figure of £72000 has been given for a lease extension. We are, therefore only dealing with buyers with a large deposit or cash purchasers.
Once you have been the registered owner for 2 years (you do not have to have lived in the property) under Leasehold Reform legislation, you have the legal right to a 90-year lease extension at nil ground rent – called Enfranchisement. This involves a formal process and professional advice should be sought from a solicitor and valuer specialising in enfranchisement valuations. If a price cannot be agreed, the matter can go to a Tribunal that will decide a figure.
The shorter the lease, the more a lease extension will cost due to ‘marriage value’ however, the Government have stated that this will no longer be taken into account under the new legislation, which is scheduled to come into force in 2024.
For more comprehensive advice, see the Government’s lease advisory website -
Front
Front Garden
Entrance Hallway
Lounge
Kitchen
Bedroom One
Bedroom Two
Bathroom
Outside Rear Parking Space
The accommodation comprises of a large west-facing lounge, two double bedrooms, kitchen and a family bathroom.
Outside the property also has a private off-street parking space at the rear of the property which for central hove is very rare. The flat also owns the front garden to the property.
Please note This property has a 50-year lease with a £72000 lease extension required therefore we are only dealing with buyers with a large deposit or cash purchasers.
This property has a 50-year lease and a figure of £72000 has been given for a lease extension. We are, therefore only dealing with buyers with a large deposit or cash purchasers.
Once you have been the registered owner for 2 years (you do not have to have lived in the property) under Leasehold Reform legislation, you have the legal right to a 90-year lease extension at nil ground rent – called Enfranchisement. This involves a formal process and professional advice should be sought from a solicitor and valuer specialising in enfranchisement valuations. If a price cannot be agreed, the matter can go to a Tribunal that will decide a figure.
The shorter the lease, the more a lease extension will cost due to ‘marriage value’ however, the Government have stated that this will no longer be taken into account under the new legislation, which is scheduled to come into force in 2024.
For more comprehensive advice, see the Government’s lease advisory website -
Front
Front Garden
Entrance Hallway
Lounge
Kitchen
Bedroom One
Bedroom Two
Bathroom
Outside Rear Parking Space
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