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£260,000
Bedrooms
Bathrooms
Two-bedroom end of terrace house situated in the heart of Seaton with garden and allocated parking space.
1 Bay Court is an attractive two-bedroom end of terrace house situated in the heart of Seaton. The property which we believe was built in 1996, is ideally positioned just a short walk from the seafront and beach and close by to the towns shops and amenities.
A small set of steps with iron handrail lead up to the uPVC front door of the property and into the entrance hallway which has a large built in storage cupboard with shelving alongside wood effect flooring flowing throughout and into the living room.
The kitchen is fully fitted with a range of matching white base and wall units, tiled splashback, worktop and sink alongside electric oven with a gas hob over. There is also space/plumbing for a dishwasher, washing machine and tall fridge freezer in addition to the fitted gas central heating boiler.
A door leads into the living room which is a spacious room with a ventral feature electric fireplace with wooden surround and sliding patio doors to the conservatory with views and access out onto the rear garden.
A staircase from the living room leads up to the first-floor landing where there are two double bedrooms alongside a family bathroom which is part tiled with white suite comprising a bath with shower over, WC and wash hand basin. Bedroom 1 is a large double room with built in wardrobe with sliding doors and faces the rear of the property looking South with glimpses to the sea beyond. Bedroom 2 is also a well-proportioned double room and faces the front over Harbour Road with distant countryside views and access to a built-in storage cupboard with shelving which runs over the stairs.
The property benefits from uPVC double glazing and gas central heating and is being sold with no onward chain.
Outside:
The property benefits from a low maintenance rear garden with wooden fence and mature shrub borders. The garden is mainly laid to paved patio interspersed with gravel and some mature flowering shrubs.
Steps lead up to a rear pedestrian wooden gate which provides access to a shared footpath leading to the parking area for Bay Court, where the property benefits from one allocated parking space.
Council Tax: We are advised that this property is in council tax band B. East Devon District Council.
Services: We are advised that all mains services are connected.
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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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