2 bedroom terraced for sale

£375,000

2

Bedrooms

1

Bathrooms

Floorplan

Located in the heart of Lymington, this delightful two bedroom mid terrace Grade II Listed cottage has been recently renovated to a high standard and benefits from a kitchen/breakfast room, courtyard garden and is offered for sale with no forward chain.

Front door leading into the through living/dining room, which is a light and airy room with chimney breast with new wood burner and hearth. Built-in alcove shelving and feature wood panelling on one wall. Window to the front aspect with white cafe style shutters. Stairs rising to the first floor with open balustrade and under stairs storage cupboard. New carpet on stairs with deep acoustic underlay. Dining area with space for dining table and chairs and feature stable door leading out to the rear garden. The property has a superb kitchen/breakfast room which has been fitted with a range of white high gloss floor mounted cupboard and drawer units with marble worktop over, with inset sink unit with mixer tap over. Integral appliances include an electric oven with ceramic four ring hob above, wine fridge, under counter fridge with freezer compartment and washing machine. Space and plumbing for dishwasher. New bi-fold doors lead out to the terrace, bringing the outside in and offers attractive views out from the kitchen.Castle reclaimed engineered wood flooring with thermal underlay throughout the ground floor.

First floor landing with door into doublebedroom one with storage and window with white cafe style shutters to the front aspect. Large family bathroom with panelled bath unit with mixer taps and electric shower over and glass shower screen. Low level W.C. with concealed cistern, inset wash hand basin with mixer taps and range of vanity storage beneath, chrome heated towel rail, part tiled walls, herringbone style parquet flooring, obscure window to the rear aspect. Second floor double bedroom with window to the front aspect. New carpets with acoustic underlay to all rooms on first and second floor.

All new plumbing from the mains, including a hot water tank, bathroom and kitchen. New Dimplex Wi-Fi programmable electric heaters throughout.

The beautifully landscaped rear garden is a hidden gem, with a patio area directly off the kitchen/breakfast room, with steps leading up to a raised area, laid to artificial lawn, offering an ideal entertaining space. There is ample space for patio furniture and BBQ and there are various shrubs and trees. This charming walled garden offers a tranquil oasis from busy town life. There is the added benefit of an original brick shed at the rear of the garden and storage down the side of the kitchen providing useful storage for bikes/bins etc.

The property is located just a couple of minutes level walk from Lymington High Street. The beautiful Georgian Market town of Lymington offers an extensive range of shops from large household names such as M&S Simply Food and WH Smith to independent boutiques, coffee shops, restaurants, pubs and tea rooms. There are also a variety of hair salons and beauticians to choose from. Saturdays provide a vibrant atmosphere throughout the town as the market attracts many locals and visitors from throughout the forest and beyond. Lymington is the ideal location for those who enjoy water sports with two marinas and sailing clubs holding access to the Solent and a short drive away from beaches. Lymington is surrounded by the outstanding natural beauty of the New Forest National Park, to the north, is the New Forest village of Lyndhurst and Junction 1 of the M27, which links to the M3 for access to London. There is also a branch line train link to Brockenhurst Railway Station (approx. 5.5 miles) which gives direct access to London Waterloo in 90 minutes.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 312075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 9375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 30825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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