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£699,950 Guide Price
Bedrooms
Bathrooms
A beautifully presented four bedroom detached 1920s home situated in an exclusive cul-de-sac location just off the west end of Honiton High Street sat in 0.27 acres.
Cedar Lodge is an extremely well presented period home in an exclusive location. The property has versatile accommodation that would suit most family needs. There is a large welcoming entrance hallway with parquet flooring and stairs leading off to a galleried landing. There are two separate reception rooms (both with feature fireplaces), a well fitted modern kitchen and useful garden room all overlooking the south facing rear gardens. There is also a cloakroom and utility room.
Upstairs the main bedroom enjoys views of the rear gardens with a generous en-suite shower room. There are three further good size bedrooms plus a modern family bathroom.
A real feature of this home is how light it is with several of the rooms having dual aspect windows. The property further benefits from gas central heating with radiators throughout and double glazed windows and external doors.
Set back off Exeter Road in a private close at the western end of Honitons long High Street, the property has a convenient position within close proximity to the centre of town.
Honiton is renowned as an antique centre, as well as for its weekly street market and has the benefit of the A30 dual carriageway. The town is served by a main line rail station with hourly service to London Waterloo.
Exeter, to the west offers excellent shopping facilities, main line rail link to London Paddington, airport and M5 access. The coast at Beer is an easy drive away, as are the seaside towns of Sidmouth and Lyme Regis on the Jurassic coast.
The substantial grounds are a real highlight of the property with a large gravelled driveway to the front providing ample parking and leading to the front of the house and a side garage and store.
The south facing enclosed rear gardens are laid extensively to lawn with a variety of flower borders with shrubs, trees and bushes. There is a large patio area and a feature pond. The whole plot is about 0.27 acres.
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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