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£285,000 Guide Price
Bedrooms
Bathrooms
Immaculately presented two bedroom bungalow in the heart of Watchet with private parking, garage and enclosed rear garden.
11 Admirals Close is a beautifully presented two bedroom bungalow with sea views, within the harbour town of Watchet. Located on the very desirable Admirals Close, this quiet location has sea views and is within close proximity to the town centre.
The accomodation briefly comprises:
Entrance - Composite door to the front ad UPVC double glazing throughout, radiator, vinyl floor covering.
Kitchen- window to the side elevation, modern shaker style kitchen with ample cupboard space, room for white goods, ceramic single sink with drainer, integrated oven with gas hob top and extractor over, ceramic wall tiles and vinyl floor covering.
Sitting Room/Dining Room- French doors and window to rear garden, gas coal effect fire, radiator, fitted carpet.
Bedroom 1- double bedroom with bay window to the front elevation, integrated wardrobes, radiator, fitted carpet, sea views.
Bedroom 2- window to front elevation, hosing electric fusebox, radiator, fitted carpet, sea views.
Bathroom- Opaque window to side elevation, three piece bathroom suite consisting bath with shower over, toilet, sink, heated towel rail, ceramic wall tiles, vinyl floor covering.
SERVICES & OUTGOING
Mains Water & Drainage, Mains Electricity, Gas Central Heating.
Somerset County Council Tax Band C
EPC Rating D
Admirals Close is a peaceful cul de sac in the historic harbour town of Watchet with shops and amenities serving most everyday needs and an active community supporting many clubs etc. There is a library and doctors surgery and a station serving the West Somerset Steam Railway.
There is a regular bus service connecting the coastal resort of Minehead some 8 miles to the west with the County town of Taunton, which has a mainline railway station and M5 motorway connections, about 15 miles to the south.
To the front of the property there is a well maintained lawn with sea views, attractive borders and private parking for two vehicles. To the rear of the property is a paved area for seating and dining. A well stocked terrace garden sits beyond the paved area with steps up to the boundary. There is gated access to the front of the property and side access to the garage.
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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