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Property Investment Newsletter - 13th March 2006
 

RECOMMENDED PROPERTY HOTSPOT

HASTINGS AND BEXHILL EAST SUSSEX COAST

HASTINGS

When it comes to buying property as an investment a lot of people make the mistake of only looking at the price when making their decision. While buying property below market value is attractive, even more important, especially if you plan to hold on to the property, are the prospects for capital growth in the local area. One of the key benefits of our service is that we do the research; evaluation and assessment for you with a view to picking property hotspot areas which we think are likely to out perform the general market. By their very nature property hotspots tend to be more competitive markets than average, property tends to get snapped up quickly and the key to success is the ability to act decisively. We have picked Hastings as a property investment hotspot for several reasons. 

  • Hastings is experiencing local re-generation, with high levels of state and private investment
  • Local incomes are rising which is pushing up rents,
  • The quality of the local housing stock is very high with some especially attractive Victorian architecture.
  • It is under valued compared to other sea side towns close to London, in particular when compared to Brighton.
  • There is great scope for adding value through refurbishment
  • The popularity of working from home increases the attractiveness of living by the sea
  • More and more baby boomers are migrating to the south coast increasing local demand
  • The market is very buoyant and optimistic
  • Our Chairman has bought there personally

We have prepared some additional information for your attention plus we have included two properties which we believe represent excellent investments either to develop or to buy to let, please use the enquiry form to register your interest or speak to your advisor.

Kind regards
Choices Acquisitions and Investments
01342 840050
Contact an advisor

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Hastings Economic and Population Profiles
Choices have compiled a detailed report regarding the area which includes population demographics, economic growth and property price information. Details available on request.

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Address:


Asburnham Road, Clive Vale, Hasting TN35

Description:

A first floor studio apartment situated to the rear of an older style building about 1 and 1/2 miles from Hastings station and 1/2 mile of Ore station. The property is vacant and comes with electric heating, shower room and living area. 

Financial Information:

Current Asking Price

£45,000

Target Purchase Price

 tba

Estimated Discount

 tba

Choices Commission

 tba

Stamp Duty

 £0

Estimated Survey Fee

 £300

Estimated Solicitor's Cost

 £1000

Estimated Monthly Rental

£300



Address:

 
Cambridge Gardens, Hastings TN34
Description:

A large four storey house located right in a central location a short walk from Hastings station. The property is currently let out on a room by room basis with 10 lettable rooms fetching £50-£60 per week. The property will be sold as a vacant possession but lends itself to conversion (stpp) or to be run as an HMO or bed and breakfast )subject to obtaining the appropriate certification).

Financial Information:


Current Asking Price

£245,000

Target Purchase Price

tba

Estimated Discount

£tba

Choices Commission

£tba

Stamp Duty

 £tba

Estimated Survey Fee

 £300

Estimated Solicitor's Cost
(Including Disbursements)

 £1000

Estimated Monthly Rental (room by room)

£2000

Yours sincerely

Choices Acquisitions and Investments
01342 840000