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£685,000
Bedrooms
Bathrooms
Unique Large Victorian property situated in the heart of the picturesque fishing village of Beer with mews style additional cottage, the whole providing versatile and adaptable accommodation with a delightful large rear garden.
Colebrooke House is a large, attractive Victorian property with later additions and more recently had alterations and an extension which created Colebrooke Mews. The property has over the years had many permutations, more recently being a guest house with separate owners accommodation. However, over the years it has been a shop, a builders merchants and a restaurant. This property now offers the opportunity for another owner to put their own stamp on these unique properties, as the current owners have obtained permission for change of use to residential with additional plans for further alterations should a new owner so wish. Alternatively, the property could be used as it is currently, as a successful guest house with separate owners cottage.
The current owners have updated and improved the property over the years and the property is presented in good order throughout and must be viewed internally to fully appreciate the size, flexibility and potential of this unique property.
An ornate, part glazed, front door opens to a large communal entrance area with double doors opening to a large open area which is currently utilised as a dining space for the guest house with a large understairs cupboard and a door opening to a serving area with a range of matching kitchen units. (This area could be separated, and the roof removed to create a private courtyard for Colebrook House with a private accessway leading to Colebrooke Mews.)
Colebrooke House:
A private door to the right hand side of the entrance, opens to a staircase to Colebrooke House. The accommodation flows over the first and second floors with the rooms enjoying many character features with some original attractive fireplaces, ornate coving and deep skirting boards alongside some original decorative windows etc. On the first floor there are three bedrooms. Two of these bedrooms have been altered to offer a living room with a large bay window to the front with a large arch through to a room suitable for a kitchen. The bedroom on this floor has a large bay window to the front which as with the living room bay window, has pleasant views over Fore Street. In addition, there is a WC and a storage room alongside a fitted kitchen with matching units, sink, built-in oven with hob and extractor over. The second floor has 3 further double bedrooms all which are of a good size and one which is particularly spacious having been originally 2 rooms which could be separated again or altered to provide a dressing room or similar. All of the bedrooms benefit from en-suite shower rooms with WCs.
Colebrooke Mews:
At the rear of the property and accessed through the open dining area and serving area is a covered passageway with door to a laundry room. A door opposite opens to a double bedroom with an en-suite shower room. (This room could be removed to form part of the courtyard for Colebrooke House if this was required). A front door opens directly into an open plan kitchen/dining room which has a matching range of base and wall units, laminate worktops with inset sink, a gas hob, integrated oven with space for microwave over and space and plumbing for a dishwasher. In addition, there is space for an American style fridge/freezer and table and chairs. Stairs rise to the first floor accommodation which comprises a large landing area which is currently used as a study area. A door then gives access to a large double aspect living room with a modern feature fireplace and a large roof lantern style skylight which provides additional light to the room. A door then leads to a single bedroom to the rear of the building. A door from the living room opens to the rear outside of the building.
A door from the landing/study area opens to a large double bedroom with a large range of fitted bedroom furniture incorporating wardrobes and cupboards above the bed space and a built-in cupboard housing a gas central heating boiler. A door opens to a sizeable contemporary en-suite shower room.
Outside:
There is wooden decked seating area which adjoins the rear of Colebrooke Mews. A paved pathway then leads right to the end of the garden, the size of which is a real surprise, as the garden is particularly large extending to approximately 25 meters in length. This attractive garden has a further large decked garden area at the bottom which continues to a lawned area with a raised flower bed to one side and a garden shed. Beyond this is a barked area and steps rise to the final decked level of the garden which enjoys expansive views across the village and towards the sea in the distance with a large garden shed and a pedestrian gate. The gate leads to a small pedestrian pathway (Pig Lane) which provides a short cut to the centre of the village and the local car park where permits can be purchased for parking.
What3Words Directions: ///oatmeal.optimists.passively
Services: We are advised all mains services are connected
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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