• LOCATED IN THE HEART OF HAYWARDS HEATH +
• HALLWAY WITH CUPBOARD HOUSING HOT WATER TANK +
• GOOD SIZE DOUBLE ASPECT LOUNGE WITH PANORAMIC VIEWS +
• TWO DOUBLE BEDROOMS +
• BATHROOM WITH WALK IN SHOWER +
• DOUBLE GLAZED WITH ELECTRIC HEATING +
• SECURE ENTRY TELEPHONE SYSTEM +

GUIDE PRICE .. £185,000 .. A spacious (750 ft.²) 2 double bedroom 4th floor flat enjoying sunny south and westerly aspects with fabulous distant views across the town all the way to the South Downs with allocated parking in this town centre block. For many years, Stockwell Court had a lack of investment where residents only paid £90 per month towards the service charges which just about covered the annual buildings insurance and basic works. The active Residents Association and the more recently appointed managing agents, Pepper Fox, have worked wonders to encourage all the leaseholders to finally invest in this prime town centre located block and make them far more saleable.  The building has recently undergone many improvements including repairs to the roof, external decoration, other structural works, repairs to the lift system and some internal decorations. Over the next few years various other works will be carried out including improvements to the car park, lift and decorations to the communal hallways. The cost of which should come out of the maintenance charge. Our clients are also in the process of extending the lease which we believe is going to cost in excess of £30,000 which will give a 90 year extension to the current lease (which only has 54 years remaining) this will also take the ground rent back to zero (Peppercorn).  Service charge: for the last few years and including 2024, the service charge has been significantly increased to £3500 per year to build the fund to carry out the works mentioned above and is expected to be reduced by approximately one third at the end of 2024. With the various works planned these costs will stay around this sort of level but are expected to be brought back down to a much more acceptable level once the final essential works are completed.   Needless to say, Stockwell Court is now a much more saleable property and a great long-term investment. The property is currently let out on an Assured Shorthold Tenancy at £980 per month and the existing tenants would be keen to stay with a new tenancy if required, otherwise, vacant possession will be given.