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£875,000
Bedrooms
Bathrooms
Nestled in the sought-after location of Haven Cliff, this impressive 19th-century 4-bedroom detached property offers character features set within expansive, wrap-around gardens, the property boasts breathtaking views across Seaton Bay and towards Beer Head.
5 Old Coastguard Cottages is a substantial detached property benefitting from 4 bedrooms, sizeable gardens and flexible accommodation throughout. Dating back to the 19th century, this unique property has a rich maritime history having previously been home to the Coastguards. This house retains many of its period features, including large wooden panelled doors, hardwood windows, picture rails and high ceilings. To take full advantage of the views, the majority of the living space and the main bedroom are located on the upper floor.
The well-equipped kitchen has a matching range of cream base and wall units, complemented by a variety of integrated appliances. The kitchen also features a breakfast bar, ideal for informal dining. A separate utility room provides storage and additional space for appliances, as well as a separate shower room.
The generous living room benefits from two large windows, filling the space with natural light and framing the picturesque views as well as a feature fireplace. There is also a separate study / small bedroom offering flexible accommodation. Additionally, there is a dining room which could serve as a third bedroom, with stunning views across the bay.
The main bedroom is a spacious double room with built-in storage, enjoying spectacular views over the bay and surrounding countryside. Bedroom two is another generously sized double room located on the ground floor, featuring a fireplace and large window overlooking the gardens.
The property includes a family bathroom on the ground floor with a panelled bath, WC, hand wash basin, and an airing cupboard for additional storage.
Outside:
The sizeable gardens are landscaped over several levels, offering a mix of mature shrubs, flowering plants, and a large area laid to lawn. Gravelled footpaths lead to the top of the garden with a number of seating areas to take advantage of the views. In addition, there is an enclosed rear courtyard bordered by original stone walling.
Services: Mains electricity and water, electric central heating. Septic tank drainage (shared with the neighbouring properties).
Council Tax: We are advised that this property is in council tax band E. East Devon District Council.
What3words Location: ///into.station.saturate
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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