This lower ground floor apartment is in a fantastic location, near seven dials. It comes with a share of freehold and is being sold chain free.
As you enter the property, the hallway has plenty of storage space. The living room is to your left and benefits from plenty of natural light. The kitchen is incorporated within this room and has plenty of storage. The bathroom is in a good condition with no urgent need of updating, a great cost saving, in particular for first time buyers or investors.
There is one bedroom with this property with ample room for storage and there is the bonus of a second room to be used as an office.
Overall we think this is a great opportunity for a first time buyer or investor to buy in a fantastic location in Brighton.
Dyke Road Mansions is based on the edge of one of the most popular parts of Brighton with its popular cafes and restaurants. You are only just a five minute walk away from our favourite pub in the area, The Shakespeare’s Head, a cosy pub with good food and drink. From the apartment you are only a ten minute walk to Brighton station with its direct trains to London Victoria and London Bridge.
Council Tax Band – A
EPC Rating – D
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Finding a mortgage
Buying a house is a massive investment and getting it just slightly wrong can be costly. Unless you have big savings, chances are you’re going to have to get a mortgage. It’s a loan secured against the property which means if you can’t meet the repayments the lender may repossess your home and sell it to get their money back.
The better you understand mortgages and everything to do with them, the better armed you will be to get the very best deal. With MMR in place, you’ll need to review your finances themselves before approaching possible lenders to see whether you can afford the monthly payments now and if interest rates go up, which they will…
What is MMR?
When it comes to finding a mortgage you have several options: mortgage brokers, individual banks or searching online. Again, it’s important to do your research. Searching online first, gives you a good idea of what’s available, but an independent mortgage broker can provide a more in-depth search and help you through the process. Being independent holds great value as they are not bias to any particular lenders or deals, they will give you their honest opinion and take away the stress of working your way through the mortgage market, they work for you to find you the best package to suit your requirements.
For more information on the current mortgage rules and deals, contact your local branch today to arrange an appointment.
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