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66 Market Street, Lancaster
£575,000
Bedrooms
Bathrooms
Welcome to Main Road
Bolton-le-Sands is a picturesque village with lots to offer, and this road runs through the heart of the old village. You have a gym, tennis club, crown green bowling, playground, and cricket club all on your doorstep, alongside the highly regarded local primary school. This creates a real community spirit.
There are two popular pubs and three restaurants to choose from. Its a great location for active families, with walks available along the canal and along the shore, where you can pop into the garden centre or continue to Archers Caf. It is a popular location thanks to its semi rural feel, all while being just a 10 minute drive to Lancaster, Morecambe, and the M6.
The Overview
The former Packet Boat Hotel is now available and offers a four bedroom house, plus full planning for the development of two further dwellings on site. Since its closure in 2015, the property has been split into two, with a stylish four bedroom house already been completed. The site now has planning permission approved for an additional three bedroom semidetached house and a detached two bedroom house to be built on a plot at the far end of what was the car park.
The completed main house offers period features including high ceilings and original doors. There is a large bright and airy lounge, modern kitchen and dining area, a particularly impressive master bedroom with attached dressing room and ensuite, including shower and freestanding bath. There are two further double bedrooms with canal and sea views, a generous single bedroom and attractive modern family bathroom.
The house also benefits from a walk-in cellar with the same footprint as the ground floor, accessed by stairs from the kitchen.
Offstreet parking for two cars and the outside garden space for this house is yet to be completed, but are included in the approved plans for the site.
The attached building has planning consent for a three bedroom house with spacious living areas, a study and a generous outside garden space, plus parking for two cars. The plans for the detached two bedroom home include an open plan kitchen and living space with a private rear garden and further offstreet parking for two cars. All approved plans are available on Lancaster Council planning portal. The site is being sold as one.
Approved Planning Permission
Change of use of former public house to 2 dwellings and erection of 1 dwelling on former car park, construction of boundary walls and creation of associated car parking
Listed building application for the demolition of rear extension with flat roof, with erection of single storey rear extension ( been completed), existing side extension with slated roof and two storey side extension, alterations to openings, installation of new windows/doors, removal of toilets/bar/fixed seating, installation of partition walls, erection of new and raising of existing boundary walls
Extra Information
Grade II Listed Building - vendors inform us this is only relevantto external
Dating back to the 1820s
Main house refurbished in 2017
Right-of-way between three bedroom semi-detached and plot for two bedroom detached
All on one deed - This sale is for the entire site
Planning permission has been approved
Each property will have off-street parking on currently approved plans
Brilliant village location
Map location is not available for this property.
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.
66 Market Street, Lancaster
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