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53 Broad Street, Lyme Regis, Dorset
£1,175,000 Guide Price
Bedrooms
Bathrooms
A superbly presented and spacious detached family home with an attached self-contained studio annex, double garage and landscaped gardens.
Completed by Bloor Homes in 2016, this substantial, traditionally built detached home is one of ten individual properties set in a peaceful cul de sac on the popular Woodberry Copse development.
The property benefits from a 5.4 kW/h solar system with a 13.5 kW/h store battery and a recently installed (April 24) Worcester Bosch boiler.
An electric gate opens to a block paver driveway providing turning and parking space for several cars and access to an integral double garage with twin electric doors.
The covered porch and front door lead to the generous ground floor reception hallway with double doors opening to the lounge with an electric living flame fire. A separate study with an adjacent shower room could, if required create a fifth bedroom.
Stairs rise to the impressive and light open plan living space which extends across the rear of the property. The stylish kitchen is fitted with high quality integral appliances and a comprehensive range of gloss finished storage cupboards and drawers with marble worktops. A central island houses an induction hob with a glass and stainless steel extractor hood.
The living space extends through the dining area to a sitting/family room with bi fold doors opening to the terrace and garden. From the first floor landing doors open to a balcony with lovely views over the town, the sea and the Lim Valley. The beautiful main bedroom sits over two floors with a luxury en suite having a spacious walk in shower, a freestanding bath, twin wash basins and a wc. An adjoining dressing room is fitted with built in wardrobes.
There are a further three double bedrooms and a family bathroom with the guest bedroom having an en suite shower room.
Externally a sunny south facing paved terrace provides the ideal place for al fresco dining and entertaining. The lawned rear garden is enclosed by railings and mature hedgerow with colourful borders, a vegetable garden and a useful timber store shed.
The West Dorset town of Lyme Regis sits at the heart of the glorious Jurassic Coast, a World Heritage site famous for its fossils and beautiful coastline. The town with its popular beaches and iconic Cobb Harbour boasts a variety of interesting shops, galleries and eateries along with local leisure facilities and excellent schools.
EPC Rating B
Council Tax Band G (House) A (Annex)
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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