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£695,000 Guide Price
Bedrooms
Bathrooms
Guide Price 695,000 - 720,000
A superb, reverse-level, detached home enjoying wonderful wide sweeping views over the village taking in the vineyards, River Teign and beyond towards Dartmoor in the distance. The spacious and versatile accommodation is well presented throughout and would make an ideal family home and also has the flexibility to suit buyers looking for a self-contained annexe for an elderly relative or teenager looking for their own space. A particular feature of this lovely home is the gated driveway which leads to a double garage, two single garages and an outbuilding. Built in the 1970s, the property boasts a living room with balcony off enjoying the breath-taking views, a large kitchen/breakfast room, separate study/utility room, five double bedrooms, sun lounge, two bathrooms and a cloakroom/WC. Gas central heating and double glazing are installed and outside there are well tended gardens. Internal viewings are a must to appreciate the village position, wonderful views and accommodation this lovely home offers.
Lea Mount is situated within an enviable position on the edge of the highly desirable village of Bishopsteignton, which lies midway between the seaside town of Teignmouth and the market town of Newton Abbot and offers a thriving community with a village shop, chemist, post office, parish church, a public house/hotel/restaurant, primary school and health centre. Some of the most beautiful parts of the Teignbridge countryside surround the village and its close proximity to the river and sea with their associated leisure pursuits make it a very popular village in which to live.
Accommodation
A uPVC part-obscure double glazed entrance door with side panels leads to the entrance hallway with cloakroom/WC and stairs to the lower ground floor. The living room is a spacious room with patio doors leading onto a balcony enjoying the wonderful wide sweeping views over the village, vineyard, River Teign and beyond. There is a bedroom which enjoys the wonderful views, the kitchen/breakfast room which is extensively fitted with a modern range of wall and base units with work surfaces and tiled splashback, inset single drainer sink unit, space for range style cooker and American fridge/freezer and again with window enjoying the wonderful views There is a rear lobby with storage cupboard and double glazed door to outside leading to a study /utility with base units, plumbing for washing machine and windows to either side. Also on this floor, there is a further double bedroom with outlook to front and a bath/shower room with panelled Jacuzzi bath, separate walk in shower area, vanity wash basin and heated towel rail.
On the lower ground floor there are three bedrooms, one of which leads to a sun lounge with windows and doors overlooking the garden. There is also a shower room with shower cubicle, low level WC and pedestal wash basin.
Parking
Outside to the front there is a five-bar electric gate with secure entry system leading to a gravelled driveway which gives access to the double garage with electric door and single garages.
Secluded Front and Rear Gardens
There is an area of raised lawn in front of one of the garages with a wide selection of shrubs and level lawn with three sheds and an outbuilding. From the gravelled driveway paved steps lead to the front door with a small lawned area with flower and shrub borders and two paved and deck terraces suitable for relaxing enjoying the sun and alfresco dining, the upper terrace having an electric canopy that provides some shade. Steps lead along the side of the property to the rear with gravelled area, lawn and a wide selection of shrubs, conifer hedging to boundaries and rear access onto Bronescombe Avenue.
Agents Notes
Council Tax: Currently Band F
Tenure: Freehold
Mains water. Mains drainage. Mains gas. Mains electricity.
The property is situated on a private road and there may be a liability for contributions towards maintenance.
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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