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53 Broad Street, Lyme Regis, Dorset
£395,000
Bedrooms
Bathrooms
A well maintained semi-detached property quietly situated in a private cul de sac, within short walking distance of both the beach and village amenities. Constructed we believe around 1987 along with a range of similar houses in the cul de sac. The upside down layout to the property makes the most of the excellent sea and coastal views.
The property accessed from Kidmore Close a private road, has gas central heating and double glazing throughout. The front entrance door leads into the hallway with two understairs storage cupboards one with fitted shelving and currently housing a freezer. The dual aspect master bedroom has a window, French doors leading to the rear garden and a built-in wardrobe. The second bedroom also features s built in wardrobe and a window looking towards Stonebarrow Hill. A family bathroom services the bedrooms with a white fitted suite and coloured tile surrounds.
Stairs up from the entrance hall lead to the landing with loft hatch and separate wc fitted with a white suite. A door leads into the Lounge/Diner with large picture window and doors opening to a Juliet balcony creating a light and airy space and utilising the far-reaching views of the sea, Jurassic coastline and countryside beyond.
The kitchen is fitted with a range of wooden base cupboard and drawer units with matching wall cupboard and wall trim. Roll edge laminate work surfaces with inset stainless steel sink and drainer. Tiled surrounds. Freestanding four ring cooker. Appliance space for a standup fridge/freezer and washing machine. Wall mounted combi boiler. A window looking over the rear garden and door to metal corrugated steps going down onto the garden.
Outside
The South-westerly facing rear garden is enclosed by timber fencing and features a paved patio area and lawn creating an excellent sunny space for alfresco dining. A side access gate leads back to the front of the property where across the road a garage measuring an internal size of 4.825m x 2.57m and parking spaces measuring total 4.8m in width can be found.
Services and Tenure
All mains services connected.
Freehold.
Dorset Council tax band C.
No Onward Chain.
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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