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53 Broad Street, Lyme Regis, Dorset
£795,000
Bedrooms
Bathrooms
A well appointed detached bungalow with superb countryside views, a large garden, parking and double garage, occupying a prime location within this highly sought after and popular residential area.
5 Dragons Hill is a spacious coastal home, well presented and boasting the most impressive far reaching views across the Lym Valley towards Uplyme and sea views in the Lyme Bay. Occupying a lovely position in a quiet and sought after cul de sac comprising just 7 individual homes, 5 Dragons Hill is found on the Eastern side of the town close to the centre of Lyme Regis and the iconic Cobb Harbour, seafront and beaches, as well as the South West Coast path.
The property built in the 1970s, enters into the lobby with plenty of hanging space for coats and three storage cupboards. The dual aspect sitting room is a spacious, light and airy space that is carpeted throughout, a gas fireplace is found on a stone hearth Two sets of doors lead out onto the patio with views over the garden and countryside beyond. This flows nicely into the dual aspect dining room via a large opening and has French doors leading to the patio.
The kitchen/breakfast room is fitted with a range of units including base cupboards, drawers and matching wall cupboards and wall trim. Laminate work surfaces with two inset stainless steel sinks and tiled surrounds. Inset four ring gas hob. Fitted appliances include oven, fridge and freezer. Space for dishwasher. Laminate flooring. A window boasts excellent views towards Uplyme.
The separate utility room with washing machine and tumble dryer is an extremely useful space with fitted washing machine and units. Laminate work surfaces also have an inset sink and drainer. A door accesses the rear garden.
There are four bedrooms all benefitting from fitted wardrobes. The master bedroom has a ensuite with bath, wc, wash hand basin and radiator. The second, third and fouth bedroom are all comfortable doubles with windows looking over the rear garden. A family bathroom and separate WC complete the accommodation and are fitted with a coloured suites.
Outside
The property is approached via a tarmacadam driveway allowing parking for multiple vehicles, the garden is bordered by a variety of hedges and shrubs providing privacy. The rear garden, accessed from both sides of the property, is mainly laid to lawn with planting beds and a variety of mature trees. The paved patio creates an excellent space to take in the views. A further store shed and a variety of fruit trees and shrubs complete the garden.
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: D
Map location is not available for this property.
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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