3 bedroom detached for sale

£215,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

AUCTIONEERS NOTES Coombe Cottage is set in an elevated position, in a favoured district known as Perrancoombe, on the outskirts of Perranporth. There is off-street parking for two vehicles and external steps to the front entrance. We believe the property was constructed in the 1930s as a dormer dwelling, which has a more recent extension at the rear. The accommodation has a light and modern appearance, with two open-planned living areas. There are modern kitchen and bathroom suites, modern aluminium framed double glazing and oil fired central heating. The outside areas are also an appealing modern design.

There are AST tenants in situ. The current gross yield is 13,500pa. The AST paperwork will be included in the auction legal pack.

In June 2021 stage 1 and 2 concrete screening tests were carried out for a Mundic classification. One type of unsatisfactory concrete was found in the footings and the property was classified Mundic B, the property is currently unsuitable for mortgage lending purposes. The test result and paperwork will be added to the auction legal pack.



FRONT ENTRANCE Approached via external staircase also giving access to front sun terrace and both sides of property to rear.

FRONT DOOR to

HALL with parquet floor leading to open-plan dining area and doors to

LOUNGE 19 5" x 10 11" (5.94m x 3.33m) With attractive fireplace surround and hearth and french doors to front sun terrace

KITCHEN 12 11" x 10 5" (3.94m x 3.2m) with ceramic tiled floor, modern fitted kitchen units and worktop with inset sink, fitted oven, hob and extractor, plumbing for washing machine and dishwasher, oil fired boiler, dual aspect and door outside

DINING HALL 15 10" x 13 6" (4.83m x 4.14m) incorporating staircase to first floor, understairs cupboard and french doors to rear courtyard.

SHOWER ROOM with shower cubicle, wash basin, toilet, tiled splash backs and window

BEDROOM 11 1" x 9 10" (3.4m x 3.02m) with dual aspect and connecting folding doors to

ENSUITE BATHROOM with fitted bath unit and electric shower unit over, wash basin, toilet, tiled splash backs and window

FIRST FLOOR with doors to

BEDROOM 14 2" x 10 9" (4.32m x 3.3m) with large dormer window and fitted cupboard

BEDROOM 9 10" x 9 1" (3.02 m x 2.79m) with velux skylight window

OUTSIDE Approached from the Perrancoombe Road, there is off-street parking for two vehicles. Adjacent to the parking area, 26 external steps lead to the front entrance and give access to the front sun terrace and both sides of the property and on to the rear garden. Here there is a rear courtyard, raised flower beds and sun terrace and a small raised lawn area

VIEWINGS Viewing sessions will be available in the lead up to the auction. T: to arrange a viewing

SOLICITORS Nalders LLP
Farley House, Falmouth Road
Truro, Cornwall
TR1 2HX
T:
E:
A: Zoe Trethewey

AUCTION LEGAL PACK Available by registering and downloading free of charge via our website:

TENURE Freehold CL93940

LOCAL AUTHORITY Cornwall Council

COUNCIL TAX BAND C

EPC Band D 58 80

ADDITIONAL FEES Auction Administration Fee: 1200 (1000 + vat) payable on exchange of contracts to Millerson Land and Property Auctioneers

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

NOTICE TO BIDDERS Photographs, Dimensions, Floor Plans and Area Measurements, are published to aid identification of the land or property and are not necessarily to scale

Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 169325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 5375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 8075
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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