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53 Broad Street, Lyme Regis, Dorset
£565,000
Bedrooms
Bathrooms
No.8 'The Little Sea House' has just been beautifully refurbished & modernised to a high standard. The end result is a light, spacious and adaptable ground floor with the Living room with double doors into the Dining room, leading in to the rear atrium style snug area. This clever new configuration draws the eye right through from front to back and allows rooms to be opened up or used as individual spaces. Light just floods into this atrium area with a glass roof and external French doors, leading into the kitchen. Delightful new fitted Wren kitchen fully integrated overlooking a very attractive mediterranean style rear garden. Three spacious first floor bedrooms and large family bathroom. Bespoke window shutters throughout.
The rear garden has been redesigned with light porcelain tiling with composite decking which provides a tranquil attractive easily maintained space with a garage to the rear. Ideally situated in a quiet level cul de sac within a few minutes walk of the beach and a short stroll to the village and shops.
Upon entering a linear entrance hall with door to ground floor cloakroom. Stairs to first floor with cupboards below housing new Alpha gas boiler. Door to front Living room with feature fire place. Double doors to Dining Room. Opening in to rear glass roofed atrium styled seating area with wide French doors into the garden. The effect of being able to see all the way from the front to the back garden is delightful. The new fitted kitchen has integrated appliances including two ovens, (one dual microwave), gas hob, fridge freezer, additional fridge, dishwasher & washing machine. Quartz worktops with solid oak breakfast bar incorporating deep soft close drawers. A window overlooks the gardens.
On the first floor are three generous double bedrooms, one to the rear and two to the front. Front views with sea & coastal glimpses. A very stylish bathroom with both bath and separate shower, built in Wc and basin. Landing with loft hatch to insulated loft space.
Outside there are flower beds to the frontage with mature plants & climbers. Side gate to rear. A side drive provides shared access to the rear single garage with timber gate into enclosed rear garden. This has been thoughtfully redesigned to include shallow steps to a wide level porcelain tiled patio with shrubs and eucalyptus. Pedestrian door to garage. Power and light to garage.
EPC D All mains services. Gas central Heating and double glazing.
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.
53 Broad Street, Lyme Regis, Dorset
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