5 bedroom detached for sale

£925,000

5

Bedrooms

4

Bathrooms

Floorplan

This charming detached house located in the picturesque East Cliff area of Lyme Regis. Boasting a generous 2,465 sq ft of living space, this property offers ample room for you to create your dream home.

The detached nature of Bramcote ensures privacy and tranquillity, perfect for those seeking a peaceful retreat by the sea. With its prime location in East Cliff, youll have easy access to stunning coastal walks, quaint shops, and delightful cafes. Dont miss out on the opportunity to make this house your own and enjoy the best of Lyme Regis living.

The Property - A versatile home comprising 4 bedroom house with two holiday apartments close to the beach. Sitting/ dining room, Kitchen/ breakfast room, Conservatory, 4 Bedrooms, 2 Bathrooms, 2 x 1 bedroom holiday lets, Garden and parking with Stunning sea views.

This is an attractive detached home believed to have been built in the 1920s and offers rooms to the proportions one would expect from this era. The property occupies a convenient position within level walking distance of the beach and town centre.

The accommodation comprises entrance hall, spacious sitting room, dining room/ ground floor bedroom, kitchen/dining room, conservatory and bathroom on the ground floor. On the first floor is a delightful master bedroom with bay window enjoying the sea view, a door leads to what is currently a kitchen (from a life, as a holiday let) which would convert to an en suite. Also on the first floor is a further double bedroom, again, with bay window enjoying the views, a large single bedroom and a family bathroom. In addition to the main house there are two self-contained apartments attached to the property, each of which offer accommodation comprising open plan living area, bedroom and bathroom. These produce a good income as popular holiday lets. The apartments can also lend themselves to a number of other uses, subject to relevant consents. The property is situated on a peaceful, unadopted, lane running adjacent to the sea front so enjoys some delightful sea and coastal views. This is a unique property presented in good order and offering flexible accommodation with good income potential and also ideal for those looking for multi generation living.

Outside - Bramcote is approached from the unadopted East Cliff via an open entrance which leads to a parking area with space for a number of vehicles. A pathway leads from here to the two apartments, further gate leads to the main gardens of Bramcote and the house. The principal garden to Bramcote lies to the front and is laid to level lawn, interspersed by beds of mature shrubs and flowers and is ideally positioned to enjoy the views, the garden is south facing. To the rear of the main house are some patio areas, two useful sheds and a timber workshop. Each of the apartments have access to a private patio area, again in a position to enjoy the views.

Location
Lyme Regis is famed for its many historic connections and character buildings, and of course, for its well known Cobb Harbour. As a resort, it is considered quite unspoilt, but has most of the shops and amenities that one could require, in addition to which there are numerous leisure activities including both sailing and power boat clubs, a cliff top golf course and a bowling club. The whole coastline with Lyme Regis and Charmouth at its centre has recently been designated a World Heritage Site commonly known as the Jurassic Coast. It lies approximately 5 miles from the market town of Axminster, with its main line railway connections to Exeter (41 minutes) and Waterloo (Approx. 2 hours). Taunton and Exeter are within a radius of about 30 miles with access to the M5 motorway and the county town of Dorchester is a similar distance. Locally there are primary schools in Lyme Regis and Uplyme along with the well respected Woodroffe and Colyton Grammar Schools.

Council Tax:
We are advised that:
Garden Flats are council tax band A,
Bramcote Apartment is council tax band B
Main House is council tax band B

Services:
All mains connected.

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

£ 765825

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
    £ 23125
  • 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

£ 72075
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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

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  • 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

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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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