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£1,950,000 Offers in excess of
Bedrooms
Bathrooms
This stunning detached property is located on the exclusive Eastern Avenue, one of Southseas most prestigious addresses. Double gates open to a paved and lawned garden leading up to an impressive entrance with an original stained-glass surround. The ground floor boasts a fabulous kitchen/dining room, a formal dining room, two spacious living rooms, a dedicated music room and a cloakroom. Upstairs, youll find five generous double bedrooms, a 6th room currently used as a dressing room and 2 bathrooms. The basement with marble floor throughout offers recreational space with a games room, gym room, shower and bathroom and a utility room. Throughout the house, period features abound, from the beautiful panelling and intricate stained-glass windows to the elegant chandeliers, adding charm and character to this grand family home.
Occupying a corner plot, the property has a garage and driveway that can accommodate several cars. In the south facing garden a swimming pool offers a touch of luxury for outdoor relaxation with ample space for social entertaining. With its combination of classic beauty, spacious living areas, and unrivalled views across The Solent, this is a truly exceptional residence.
Alternatively, the property which boasts 5,333sq ft of existing residential space could be developed along with the roof space into a select number of luxurious apartments.
Material Information: Tenure: Freehold Electricity: Mains Supply Heating: Gas supply Water Supply: Mains supply Sewage: Mains Supply Broadband: standard, Superfast and Ultrafast Fibre are all available in this area Parking: Private Parking for several vehicles Council Tax: G Mobile: Ofcom official website checker states that EE, Vodafone, O2 and Three have all availability in the area Flood Risk: Low risk
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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