4 bedroom detached for sale

£1,250,000

4

Bedrooms

3

Bathrooms

Floorplan

Tucked away off Ridgeway Lane, this spacious three/four bedroom house with well maintained gardens and grounds of approximately 1/4 acre, offers versatile and beautifully presented accommodation and benefits from a separate double garage, an abundance of parking and a detached annex.

Storm porch leading into the entrance hall with stairs with spindle balustrade rising to the first floor. There is a dual aspect double bedroom with windows to the front and side aspect with built-in wardrobes and an en-suite wet room with large walk-in shower, WC, wash hand basin with vanity storage under, heated towel rail, fully tiled walls, obscure window to the side aspect. Ground floor cloakroom with WC and wash hand basin. The generously proportioned drawing room is a real feature of this property and is a light and airy room affording an abundance of natural light. Feature fireplace with coal-effect gas fire, hearth and mantlepiece, with built-in alcove shelving and cupboards either side. Window to the front aspect, multiple windows with views over the beautiful south westerly facing garden and french doors to the side aspect opening out to the patio and gardens beyond. The kitchen has a comprehensive range of floor and wall mounted cupboard and drawer units with worktop and matching splashbacks. Inset single bowl and drainer sink unit with mixer tap over, built in appliances include a five ring gas hob with extractor hood over, eye level electric double oven, eye level microwave, dishwasher and American style fridge freezer. The kitchen is open plan to the large triple aspect dining/family room with large rooflight, windows to all sides and french doors to the rear opening out onto the patio area and gardens beyond. Door from the dining area into the utility room with cupboard units, inset single bowl and drainer sink with mixer tap over, space and plumbing for washing machine and tumble dryer, wall mounted gas fired central heating boiler, window to the front aspect and door leading outside.

First floor landing with two large double bedrooms, both of which have a range of built-in wardrobes and juliet balconies, enjoying views over the established and well maintained gardens. Bedroom three has hatch with pull down ladder giving access to the loft space with light.

The property is approached via a private driveway accessed from Ridgeway Lane, leading up to the house, with ample driveway parking, the annex is located to the left of the house and the double garage to the right. The rear garden is sectioned off from the front driveway area, with wall and fencing. There are two sets of wrought iron gates leading through to the garden. At the front of the house there are areas of lawn and an abundance of trees, shrubs and borders. The landscaped gardens are an asset to this delightful property, are well maintained, with the property situated in the middle of the plot. There is a paved patio area that runs adjacent all round the property, offering ample room for patio furniture with the remainder of the garden laid to lawn with well established borders. There is also a summerhouse and greenhouse.

The detached double garage has a pitched roof, outside tap and incorporates a garden store.

The Annex comprises a large workshop/storage room, utility room and an office/bedroom four overlooking the garden, which has heating and an en-suite shower room.

'' Please note the orientation of the compass on the floor plan only applies to the house itself, and not the garage or annex as they are displayed on the floorplan.

The property is located just a stones throw away from Woodside Park and close to the Sea Wall and within easy reach of Lymington High Street. The beautiful Georgian market town of Lymington has many independent shops and the picturesque quay, deep water marinas, and sailing clubs. Lymington has a numerous highly regarded restaurants and designer boutiques and is surrounded by the outstanding natural beauty of the New Forest National Park. To the north are the New Forest villages of Brockenhurst and 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 provides a half hourly service to London Waterloo with a journey time of approximately 90 minutes.



Features
  • Freehold

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

£ 1037700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 31250
  • 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

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£

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

£ 100200
  • 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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