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£575,000 Guide Price
Bedrooms
Bathrooms
Situated on Exmouth Marina and offered for sale with NO ONWARD CHAIN and having been the subject of much updating by the current owners is this immaculate 2 double bedroom and 2 shower room, first floor apartment, with a Balcony and Marina views. This gas centrally heated (from combi boiler) and uPVC double glazed property comprises of a dual aspect living / dining room with Marina views and access to the Balcony, modern fitted kitchen / breakfast room with integrated appliances, 2 double bedrooms (both having wardrobes) and 2 modern fitted shower rooms. The property further benefits from a garage with a parking space in front. Situated within level walking distance of Exmouth Seafront, Town Centre and Train Station, this property would make an ideal permanent of second home with those lovely Exmouth Marina views.
Accommodation
Main communal front entrance door, with secure telephone entry system leading to communal hallway. Staircase and lifts rising to upper floors.
First Floor
Own entrance door leading to:
Entrance Porch
Main front entrance door leading to:
Entrance Hall
Radiator. Useful storage cupboard which has slatted shelving, electric meter and trip switch fuse box. Wall mounted entry phone. Wall mounted central heating thermostat. Smoke alarm. Doors leading to all rooms.
Living / Dining Room - 249' (7.54m) x 133' (4.04m)
Dual aspect having uPVC double glazed window to side and uPVC double glazed window to rear gaining lovely views of Exmouth Marina, the Sea and Dawlish Warren beyond. Focal point of fitted gas fire on a raised hearth with wooden mantle over. Radiator. uPVC double glazed external door leading to:
Balcony
South facing and a lovely area for outdoor dining and sitting during the fine weather, with views over The Marina with The Sea and South Devon Coastline beyond. Glass balustrades.
Kitchen / Breakfast Room - 147' (4.45m) x 90' (2.74m)
uPVC double glazed window to front. Good range of modern fitted cupboard and drawer storage units with Marble work surfaces and matching up stands. Inset one and a half bowl sink unit with worktop drainer and mixer tap. Built - in 4 ring gas hob with electric oven below and filter hood above. Integrated dishwasher, washing machine, fridge and freezer. Fitted breakfast bar with Wooden top. Tiled flooring. Radiator. Inset ceiling lights. Wall mounted, concealed, gas fired Combi boiler that supplies the central heating and domestic water.
Bedroom 1 - 117' (3.53m) x 113' (3.43m) Plus Recess
uPVC double glazed window to rear gaining those Exmouth Marina and coastline views. Built - in wardrobes to one wall. Radiator. Door leading to:
En - Suite
Modern fitted white suite double shower cubicle with thermostatically controlled shower unit, low-level WC and vanity wash and basin. Fully tiled walls and floor. Heated towel rail. Inset ceiling lights. Extractor fan.
Bedroom 2 - 114' (3.45m) x 96' (2.9m)
uPVC double glazed window to front. Built - in wardrobe. Radiator. Door leading to:
Shower Room
Modern fitted white suite of shower cubicle with electric shower unit, concealed cistern WC and vanity wash hand basin. Fully tiled walls and floor. Heated towel rail. Inset ceiling lights. Extractor fan. Door leading to entrance hall.
Garage - 197' (5.97m) x 90' (2.74m)
Situated to the front of the building with a parking space in front of the garage. Up and over door to front. Under eaves storage space. Power and light connected.
Tenure
The property is LEASEHOLD. A 125 year lease was granted in May 2000. Ground Rent 257 per annum. Combined Service Charge & Buildings Insurance for 2025 of 3203.82 per annum. There is an active residents Association looking after the interests of the 266 properties within The Marina
Services
All mains services are connected. The property is on a water meter. Council Tax Band E
Mortgage Assistance
We are pleased to recommend Meredith Morgan Taylor, who would be pleased to help no matter which estate agent you finally buy through. For a free initial chat please contact us on to arrange an appointment
Your home may be repossessed if you do not keep up repayments on your mortgage
Meredith Morgan Taylor Ltd is an appointed representative of The Openwork Partnership, a trading style of Openwork Ltd which is authorised and regulated by the Financial Conduct Authority (FCA).
Agents Note
These are draft particulars and are awaiting vendors verification
Directions
From our prominent town centre office, turn right down Rolle Street and take a left hand turning at the round about. Take a left at the next roundabout and head along Imperial Road. At the next roundabout, head straight across into Langerwere Way and take the 2nd left hand turning into Shelly Road. Proceed along the road, where the entrance to Sailmakers Court will be found on the left hand side.
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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.
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