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118 High Street, Lee-On-The-Solent, Hampshire
£635,000 Guide Price
Bedrooms
Bathrooms
An opportunity to purchase an extended and improved 4 bedroom, 3 reception room detached property boasting a double garage and larger than average plot for the area. There are extensive grounds and gardens to the front and side in addition to the rear garden, and as such this property could lend itself to possible conversion, alteration or even the addition of an annexe. Located conveniently for access to Gosport High Street with its host of facilities plus local benefits such as Stokes Bay Golf Course and Haslar Marina, this property offers an excellent opportunity for the discerning buyer.
The accommodation comprises:
Double glazed composite front door to:
Entrance Vestibule:
With doors to inner hallway and access to the studio with entrance at the rear.
Hallway: 153 x 610 (4.65m x 2.08m)
A spacious hallway to greet your guests and visitors with stairs to the first floor accommodation and understair cupboard plus radiator.
Living Room: 150 x 130 (4.57m x 3.96m)
A spacious room with a large double glazed window to the front, radiator and coved ceiling. An open plan arrangements leads into the:
Dining Room: 124 x 100 (3.76m x 3.05m)
Double glazed window to the front, radiator and coved ceiling.
Kitchen/Breakfast Room: 191 x 1110 (5.82m x 3.61m)
This spacious kitchen/breakfast room comes with a good range of wall and base units, lots of work surfaces and a peninsular including a breakfast bar. There is a twin bowl single drainer enamel sink with mixer tap above, coordinating upstands to the work surfaces, an integrated oven and gas hob with a chrome and glass cooker hood over, double glazed windows to the side and rear and a double glazed door providing access out to the rear garden. There is ample room for a breakfast table and chairs, space beneath the counter tops for a fridge and freezer and plumbing for a dishwasher or washing machine. A door returns to the entrance hall
Shower Room & WC: 140 x 60 (4.27m x 1.83m)
Accessed from the hallway, this useful space currently comprises a double shower, wash hand basin in a vanity unit with cupboards and WC. There is also appliance space and plumbing, a cupboard housing a Vaillant hot water boiler, radiator and a double glazed window. There is cloaks storage space upon entering this room adding to its many benefits.
Studio: 157 x 91 (4.75m x 2.77m)
Forming part of an extension to the rear of the property, this room has tiled flooring and sliding patio doors leading out to the rear garden and an additional double glazed window, fitted work surfaces and a single drainer stainless steel sink unit. This has a flexible feel and equally could be a ground floor bedroom if required.
First Floor Landing:
Built in cupboard housing the hot water cylinder, access to loft space, double glazed window and coved ceiling.
Bedroom 1: 135 x 107 (4.09m x 3.23m)
A good size double bedroom with far reaching views of the water. There are fitted wardrobes with sliding doors, radiator and coved ceiling.
Bedroom 2: 106 x 102 (3.20m x 3.10m)
A further good size double with a double glazed window to the front, radiator and fitted wardrobes with sliding doors and coved ceiling.
Bedroom 3: 94 x 72 (2.84m x 2.18m)
With a double glazed window to the rear elevation, radiator and coved ceiling.
Bedroom 4: 94 (narrowing to 62) x 107 (2.84m x 3.23m) (L-shaped room)
With a double glazed window to the side elevation, radiator, built in wardrobe/cupboard and coved ceiling.
Bathroom: 61 x 62 (1.85m x 1.88m)
Comprising of panel bath with fitted shower above and glass shower screen, concealed cistern WC, vanity unit of storage cupboards and wash hand basin, chrome ladder style radiator, tiled walls and a double glazed window.
Outside:
Front Garden:
There are large areas of lawn to the front and to the eastern side of the property with mature trees and shrubs, sculptured lawn and an outside shed. There is lots of parking on the drive ahead of the:
Double Garage: 176 x 156 (5.33m x 4.72m)
Accessed via a remotely operated electric door to the front and pedestrian door to the rear, there is a double glazed window, power and light.
Rear Garden:
The rear garden has an area of patio, lawn, flower and shrub borders, timber boundary enclosures, second shed and outside tap.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £2,746.16
Total Interest: £353,619.25
Overall Total: £988,619.25
Amortization For Monthly Payment: £2,746.16 over 30 years ( Based on 3.20% Interest )
Year | Interest | Principal | Balance |
---|---|---|---|
2025 | £20,133.04 | £12,820.93 | £622,179.07 |
2026 | £19,716.70 | £13,237.27 | £608,941.80 |
2027 | £19,286.84 | £13,667.13 | £595,274.67 |
2028 | £18,843.02 | £14,110.95 | £581,163.71 |
2029 | £18,384.79 | £14,569.18 | £566,594.53 |
2030 | £17,911.68 | £15,042.30 | £551,552.23 |
2031 | £17,423.20 | £15,530.77 | £536,021.46 |
2032 | £16,918.86 | £16,035.11 | £519,986.34 |
2033 | £16,398.15 | £16,555.83 | £503,430.51 |
2034 | £15,860.52 | £17,093.46 | £486,337.06 |
2035 | £15,305.43 | £17,648.54 | £468,688.52 |
2036 | £14,732.32 | £18,221.65 | £450,466.87 |
2037 | £14,140.60 | £18,813.37 | £431,653.49 |
2038 | £13,529.67 | £19,424.31 | £412,229.18 |
2039 | £12,898.89 | £20,055.09 | £392,174.10 |
2040 | £12,247.63 | £20,706.34 | £371,467.75 |
2041 | £11,575.22 | £21,378.75 | £350,089.00 |
2042 | £10,880.98 | £22,072.100 | £328,016.00 |
2043 | £10,164.19 | £22,789.78 | £305,226.22 |
2044 | £9,424.13 | £23,529.85 | £281,696.37 |
2045 | £8,660.03 | £24,293.95 | £257,402.42 |
2046 | £7,871.12 | £25,082.86 | £232,319.57 |
2047 | £7,056.59 | £25,897.39 | £206,422.18 |
2048 | £6,215.61 | £26,738.37 | £179,683.82 |
2049 | £5,347.32 | £27,606.65 | £152,077.16 |
2050 | £4,450.84 | £28,503.14 | £123,574.02 |
2051 | £3,525.24 | £29,428.74 | £94,145.28 |
2052 | £2,569.58 | £30,384.39 | £63,760.89 |
2053 | £1,582.89 | £31,371.08 | £32,389.81 |
2054 | £564.16 | £32,389.81 | £0.00 |
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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Fri May 16 2025
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Fri May 16 2025
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