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£425,000 Guide Price
Bedrooms
Bathrooms
Colin Ellis welcomes to the market a SUBSTANTIAL property set within Scarboroughs SOUTH CLIFF. This STUNNING property is brought to the market IN VERY GOOD ORDER throughout and benefits from SIX bedrooms, THREE bathrooms, a downstairs W/C, ROOF TERRACE, utility room, GARAGE and whilst being MODERNISED has retained MANY ORIGINAL FEATURES. Currently used as a HOLIDAY HOME this STUNNING property would be ideal as an INVESTMENT or main RESIDENCE.
Full - Briefly comprising of an entrance porch and hall with stairs to the first floor, a bay fronted lounge with a feature fireplace, dining room, a spacious kitchen/diner and a utility room with a WC.
To the first floor offers a landing with built-in storage, a master bedroom with an en-suite and a large bay fronted window, two double bedrooms (one of which could be as a sun room/reception room as it benefits from double doors to a decked roof terrace), a bathroom and a separate WC.
The second floor offers built-in storage, a double bedroom with fitted wardrobes and an en-suite and two further double bedrooms.
To the rear of the property benefits from a garage which can be accessed via the rear lane (Belvedere Place) or internally via a door in the utility room. The property also benefits from a low-maintenance block paved yard with gated access.
The property is conveniently located minutes from a wealth of local amenities including, bars, restaurants and a short walk to the South Bay beach., town centre and the train station. The nearby Spa footbridge leads to Scarboroughs South Cliff/Esplanade, and the celebrated, recently-renovated Italian Gardens.
Entrance Hall - Porch leading to hallway, stairs to first floor, power points, single radiator, tiled floor, and coving.
Lounge - 4.5 x 5.5 (149' x 180') - Coving, TV point, power points, uPVC double glazed bay window, double radiator and gas fire with feature surround.
Dining Room - 3.9 x 5 (129' x 164') - Coving, power points, uPVC double glazed window, double radiator and gas fire with feature surround.
Kitchen - 3.0 x 6.3 (910' x 208') - Base, wall and drawer units, tiled splash back, integrated oven, hob, grill, fridge, and dishwasher, sink/drainer unit with mixer tap, power points, uPVC double glazed windows, underfloor heating and under stairs cupboard.
Utility - Tiled splash back, space for tumble dryer, uPVC double glazed door, space for freezer, underfloor heating and door leading to garage.
Landing - Coving, power points, uPVC double glazed window, single radiator and airing cupboard.
Bedroom One - 5.8 x 5.5 (190' x 180') - Coving, power points, double glazed windows, double radiator and fitted wardrobe.
Bedroom Two - 3.9 x 4.2 (129' x 139') - Coving, power points, double glazed window, and single radiator.
Bedroom Three - 5.8 x 4.9 (190' x 160') - Powe points, uPVC double glazed windows, double radiator, fitted wardrobe,
Second En-Suite - 1.7 x 1.9 (56' x 62') - Wash hand basin with vanity, low flush WC, shower cubicle, ladder radiator, tiled floor and shaver point.
Second Floor Landing - Powerpoints, single radiator and built in cupboard,
En-Suite - 2.1 x 2.0 (610' x 66') - Shower cubicle, low level flush WC, sink with pedestal, ladder radiator and tiled floor.
Bedroom Four - 3.9 x 4.2 (129' x 139') - Double glazed window, power points, single radiator, and airing cupboard,
Bedroom Five - 3.0 x 3.2 (910' x 105') - Double glazed window, power points, single radiator and built in cupboard.
Bedroom Six/Sun Room - 3.0 x 3.0 (910' x 910') - uPVC double glazed window, uPVC double glazed double doors, power points and double radiator.
Sun Terrace - 3.0 x 7.2 (910' x 237') - Powerpoints, water supply and space for shed.
Bathroom - 0.2 x 1.9 (07' x 62') - Panel bath with shower over, wash hand basin with vanity unit,, uPVC double glazed window, ladder radiator and tiled floor.
Separate Wc - 1.3 x 0.9 (43' x 211') - Wall hung basin, low flush WC, uPVC double glazed windows, and tiled floor.
Garage - 3.9 x 5.2 (129' x 170') - Intergrated garage with window, up and over door, and electric power.
Outside - Forecourt front with gate. To the rear is a gated enclosed yard.
Fixtures And Fittings - All furniture can be negotiated
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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