4 bedroom detached for sale

£975,000

4

Bedrooms

4

Bathrooms

Floorplan

A handsome, superbly presented and spacious detached family home with far reaching countryside views, level wrap around garden, ample parking and spacious living accommodation.

Built in the mid 1920s, this substantial, traditionally built detached home is an extremely individual property set just a short walk from Lyme Regis town centre, seafront and beaches.

The property benefits from many character features throughout including original wooden doors, inglenook fireplace and exposed beams. Despite its age the current owners have kept the property up to date with double glazed windows throughout, modern kitchen and ensuite bathrooms.

Accessed off Uplyme Road the gravel driveway leads to the original wooden front door and enters into the hall with stairs rising up to the first floor and an understair shower room with a modern white suite. The Lounge is extremely spacious and has two sets of French doors and four sets of windows. There is a feature inglenook fireplace in this room.

Double doors lead into a sitting room with TV and bi folding doors that lead onto the patio. A dining room is also found off of the lounge creating a great flow to the ground floor.

The kitchen is an extremely pretty room with vaulted ceiling and exposed beams. Fitted with a range of modern cream units comprising base cupboards and drawers with matching wall cupboards. Work surface with tiled surrounds, two inset sink and drainer. A five-ring gas rangecooker is fitted with extractor above. Other fitted appliances include a wine fridge, dishwasher and fridge. A breakfast bar is found on the island unit and double doors lead out to the garden. A separate utility is extremely useful with fitted cream units, inset sink and drainer, space for washing machine, dryer and large American style fridge/freezer. A back door leads to the front garden. A snug/fourth bedroom includes window seats completing the ground floor accommodation.

The first floor landing has a shower room leading off it with white suite. The main bedroom and second bedroom both are ensuite and benefit from fitted wardrobes and superb countryside views over the garden and beyond. The third bedroom is also a comfortable double with fitted wardrobes and windows looking over the front of the property.

Outside
Iron gates give access the front of the property via a gravel driveway and lead to a garage with electric. The wrap around garden is mainly laid to lawn with mature trees and decking at the bottom with fine views. A raised paved patio is an excellent feature with glass surrounds making the most of the views and give potential for al fresco dining.

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 this property is in Council Tax Band G. Dorset County Council.

Services:
We understand the following to be correct but applicants should verify this with their own enquiries.
Electricity: Mains
Water: Mains
Drainage: Mains
Heating: Gas central heating

EPC Rating: C

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

£ 797075

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
    £ 24375
  • 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

£ 65825
  • 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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