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118 High Street, Lee-On-The-Solent, Hampshire
£615,000 Guide Price
Bedrooms
Bathrooms
A chance to acquire a 3 bedroom bungalow in a prestigious Hill Head address. The property is perfectly situated being close to the sea and features gardens to all four sides giving lots of scope for expansion if required. Equally, for those downsizing and requiring less accommodation but keen to keep outside space, this detached home presents a wonderful opportunity. The home has been in the same family since its construction in 1957 and is ready for its next careful owner.
The accommodation comprises:
Entrance Hall:
An original wooden door leads into a pleasant entrance hall. There is a double-glazed window alongside the front door with a further double glazed window round to the right, radiator, built in electric and gas cupboard with fitted light, plus an additional airing cupboard housing a Vaillant combination boiler.
Sitting Room: 15 x 11 (4.57m x 3.35m)
The sitting room has a warm and cosy feel, with dual aspect double glazed window to side and large picture window to front. There is a feature exposed brick wall with display niche and a coal effect gas fire, coved ceiling and radiator.
Kitchen: 910' (3) x 9 (2.74) (narrowing to 75' (2.26))
With wall and base units, inset one and a half bowl stainless steel sink unit, slide in cooker space and plumbing for a washing machine. A double glazed door leads out onto a shingle courtyard and a double glazed window sits above the sink.
Bathroom: 65' x 56' (1.96m x 1.68m)
Comprising of enclosed shower cubicle, WC and pedestal wash hand basin, tiled wall, fitted mirror and courtesy light and a double glazed window to the side.
Bedroom 1: 12 (3.66) x 124' (3.76) (into alcove)
With a recessed double bed alcove and side reading lights, double glazed window to the side and radiator.
Bedroom 2: 910' x 8 (3m x 2.44m)
With two built in wardrobes, fitted desk/dresser, double glazed window and radiator.
Bedroom 3: 76' x 610' (2.29m x 2.08m)
Featuring a fitted single bed and shelving, built in cupboard, double glazed window and coved ceiling.
Front Garden:
There are gardens surrounding the bungalow with a beautiful and well stocked frontage leading onto Little Gays. There is a drive leading to the garage and this separates a second area of lawn to the side.
Courtyard:
A shingle courtyard area, enclosed from the front with timber fencing and accessed from the kitchen.
Rear Garden:
A tranquil space offering privacy and seclusion. Largely laid to lawn. There are mature trees and shrubs, large raised patio and a side pedestrian gate. The courtesy door to the garage is here, making access to garden equipment etc, quick and easy.
Garage:
With vehicular door, courtesy door at the rear and drive for a number of vehicles.
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.
118 High Street, Lee-On-The-Solent, Hampshire
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