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£1,250,000
Bedrooms
Bathrooms
DESCRIPTION
This enchanting Grade II Lised period property is enviably situated on Sandgate Esplanade in a slightly elevated position from where it commands a stunning panorama of the sea, around the bay to Dungeness and to the coast of France on a clear day.
The handsome double fronted weather boarded facade conceals an interior boasting a wealth of original details throughout the elegantly proportioned, attractively presented accommodation. This includes a welcoming entrance hall leading to the sitting room and dining room, both enjoying sea views, the garden room and a cloakroom. The lower ground floor comprises the generous kitchen/breakfast room (which also accesses the garage), utility room and the fourth bedroom with en-suite shower room. On the first floor there are three further bedrooms, two enjoying sea views, the principal bedroom with dressing area and en-suite bathroom, and a family bathroom.
The house has been much improved by the current owners, most recently with the installation of replacement timber framed double glazed windows. It also benefits from a double garage which is accessible from the kitchen, double width parking on the driveway and a delightful tiered garden with a Mediterranean atmosphere.
Grafton Cottage is believed to have been built circa 1822 along with the adjoining property known as Regency Villa as summer accommodation for the Commanding Officer and his Second in Command of the Royal Engineers based at Shorncliffe Barracks above Sandgate. They had been responsible for the construction of Napoleonic defences comprising the Royal Military Canal from Hythe to Rye and the Martello Towers along the coast.
For room sizes please refer to the floor plan.
SITUATION
Prime Beachfront Living on Sandgate Esplanade. Set directly on the seafront, Sandgate Esplanade is one of the areas most desirable locations. Just a short stroll along the promenade brings you to the heart of Sandgate village, where youll find an eclectic variety of independent boutiques, inviting pubs, cafs, restaurants, and a thriving rowing club.
Enjoy coastal walks along The Leas toward Folkestone Harbour, home to the vibrant Harbour Arm - a regenerated hotspot with champagne bars, eateries, and live music - and explore the Creative Quarter with its buzzing caf culture and arts scene. For breathtaking Channel views, The Leas clifftop promenade is just moments away.
Hythe, with a broader range of amenities, including a Waitrose, lies 3 miles west, while Folkestone is just 2 miles east. The area offers excellent leisure facilities, including sailing and rowing clubs, multiple golf courses, and the Imperial Hotel Leisure Centre. Commuters enjoy excellent connectivity, with High Speed trains to London St Pancras from Folkestone West (1 mile) and Ashford International (16 miles), plus easy access to the M20 and Channel Tunnel - just 35 minutes to Calais.
Map location is not available for this property.
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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