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Market Place, Colyton
£235,000
Bedrooms
Bathrooms
A semi-detached bungalow situated in a popular cul-de-sac within reach of a local convenience store and bus stop with routes to the Town Centre, Shops, restaurants, sea front and beach. The property briefly comprises entrance porch, hall, small kitchen, living / dining room, two bedrooms, conservatory and shower room. The gardens extend to three sides and have in the main been designed for ease of maintenance. There is also a driveway and garage to the rear.
Seaton is located at the mouth of the Axe Estuary, a haven for wild fowl, and adjoins the pretty Axmouth harbour. The town offers a range of day to day needs including shops, cafes, doctors, a bank, post office, primary school and even a hospital. The mile long shingle beach features a long level pedestrian promenade overlooking Lyme Bay and surrounding cliffs and forms part of the Jurassic coast, England`s only natural World Heritage site. About 6 miles north along the Axe Valley is the market town of Axminster with a mainline railway station operating services to London Waterloo and Exeter. The delightful coastal town of Lyme Regis is just over 6 miles to the east and the ever popular coastal town of Sidmouth, just under 10 miles to the west.
The accommodation, all measurements approximate, comprises
PORCH
uPVC porch with windows to front & side. uPVC front door with glazed pane into
HALL
Wall and floor cupboards. Doors to
LIVING ROOM - 4.83m (1510') Max x 3.02m (911') Max
Window to front. TV point. Radiator.
Door from hall to
KITCHEN - 2.49m (82') x 1.65m (55')
Window to side. The kitchen is fitted with a matching range of wall and base units with laminate work surfaces and inset stainless steel one and a half bowl sink unit and drainer. Space for free standing cooker and washing machine. Baxi wall mounted gas boiler. Vinyl flooring. Tiled walls. Radiator.
INNER HALL
Attic entrance. Doors to
BEDROOM ONE - 4.06m (134') Max x 2.51m (83') Max
Window to rear looking through to the conservatory. Radiator.
BEDROOM TWO - 3.18m (105') Max x 2.16m (71') Max
Glazed door to conservatory. Cupboard containing hot water cylinder with slatted shelves. Radiator.
CONSERVATORY - 4.34m (143') x 2.97m (99')
uPVC windows and polycarbonate roof. Sliding door to rear garden. Tiled floor. Radiator
OUTSIDE
Paved path to front.
GARDEN
The front garden comprises an area of slate with path to front porch, and lawned area extending to one side of the property. This has been planted out with trees and low shrubs. Side gate to rear garden. This again has been designed for ease of maintenance with slated area incorporating a diamond shaped gravel bed, astro turf, shrub beds, further gravelled and paved area. Gate providing access to the drive and
GARAGE - 5.08m (168') x 2.59m (86')
Up and over garage door to front. Eaves storage.
TENURE
Freehold.
SERVICES
All mains services are connected. Water is metered.
BROADBAND
Broadband availability at this location can be checked through:
MOBILE
Mobile coverage can be checked through:
COUNCIL TAX
Band B. East Devon District Council. 1858.32 (2024/25).
FLOOD RISK
Flood risk Information can be checked through the following:
ADDITIONAL INFORMATION
The property has been recently redecorated and has new fitted carpets.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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.
Market Place, Colyton
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