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£350,000
Bedrooms
Bathrooms
Tucked away just behind Lymington High Street is this quirky and well presented one/two bedroom mews style house, ideal for use as a second home investment or first time buy.
The covered entrance porch leads to the entrance hall with study area, Large cloaks cupboard providing storage for coats/shoes etc with further storage cupboards. Door into the master bedroom with built-in storage cupboard with shelving and light, window to the front aspect and door into the en-suite bathroom, which comprises of a panelled bath unit with mixer taps and shower above, glass shower screen, tiled walls, low level wc, wash hand basin with mixer taps, heated towel rail, extractor fan. Ground floor shower room comprising of a fully tiled shower cubicle, low level wc and pedestal wash hand basin, extractor fan.
Stairs rising to the half landing leading to the open plan living/dining room and kitchen. Living area with French doors overlooking the Juliette balcony and windows to the front aspect and vaulted ceiling with velux roof light, cupboard housing boiler. Kitchen with range of floor and wall mounted cupboards and drawer units with glass and tiled splashbacks. Integral dishwasher, washing machine, fridge and freezer, electric oven and induction hob, one and a half bowl stainless sink unit, space for table, velux window to the front aspect.
Further stairs to the second floor galleried mezzanine landing/occasional bedroom two which has space to easily accommodate a double bed, and has a large velux window with rooftop views of the Solent and Isle of Wight and further side triangular shaped window. This area would also be ideal for a study/home office.
Tenure: Share of Freehold
This charming property is tucked away just behind Lymington High Street, accessed through a pedestrian wrought iron gate leading into the Solent Mews Courtyard, close to all the conveniences that the Georgian market town of Lymington has to offer with its array of boutique shops, restaurants, Quay, train station with links to London Waterloo and supermarkets.
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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