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£595,000
Bedrooms
Established over 35 years Blakes Restaurant & Cellar Bar is situated in the heart of the old town, offering two restaurants, a cellar bar, rear courtyard and 4 en-suite letting rooms. Theres even a self-contained owners flat.
RESTAURANT
The beautifully presented wood-panelled restaurant, serving classic British cuisine, offering 22 covers of dining
BAR
A popular real ale cellar bar, with exposed brick walls, beamed ceilings and open fire leads out on to a very nice patio with tables and chairs. Ideal for that alfresco drink or light bite, offering 35 covers
B&B
There are four bright en suite letting rooms, traditionally furnished; all come with free WiFi, TVs, and tea and coffee making facilities. And not to forget, the 1 bedroomed self-contained owners flat.
OUT & ABOUT
Walkers and beach lovers alike are spoilt for choice with easy access to the stunning coastline, countryside and cliff tops of the world famous white cliffs of Dover.
Set in Old Town Dover, with its newly regenerated Marina & cruise terminal, brand new shopping centre and the old town; where youll discover independent shops, buzzing cafes, pubs and restaurants. Not to be missed is a spring stroll along the beach and harbour.
Nearby youll find some fine golf courses and Deal; a gorgeous award winning seaside town, full of maritime charm, with a stunning unspoilt seafront and sweeping pier.
Just a drive or train ride away from Central London, the perfect place to run off to for the weekend. If you live more of a jet-set lifestyle, hopping off to Europe for weekend trips is made easy with the Ferries at Dover within walking distance. So much to enjoy!
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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