9 bedroom semi-detached for sale

£640,000 Offers over

9

Bedrooms

Floorplan

Area A stunning nine bedroom semi detached guest house with owners accommodation included, situated in a convenient corner plot location in Bournemouth and with ample parking to the front. Superbly kept throughout the property offers versatile living and could be used as a business, family home or could be a spacious residential dwelling.

The property has been owned by its current owner for over twenty years and has built up a regular clientele of returning short and long term guests. Situated over three floors the property has been tastefully modernised throughout and is fully compliant with updated certification. There are a mixture of double, twin and family rooms and just one single room, which is always popular. Bathrooms are located on each level. The dining room currently caters for twelve covers, although more could be added if required. The kitchen is modern throughout with range of appliances, a further utility area adjoins. The owners accommodation is a good size with lounge, double bedroom and ensuite. There are further adjoining rooms which offer versatile usage, gym, snug, office etc. To the side of the property is a 20 Garage/workshop. The propertys corner plot offers a good size rear garden which is part laid to lawn and patio, various borders and range of mature hedging offers a great deal of seclusion and security. Side Gate. To The front of the property a recently tarmacked driveway offers ample parking.

Springbourne is a suburb of Bournemouth, it occupies the north-east part of the town and is in close proximity to Bournemouth Town Centre. Springbourne has a mixed selection of property but primarily is made up of houses circa 1900s. Some of the original houses have been converted into apartments and theres also plenty of new modern developments offering further flat living. Its main road, Holdenhurst Road, has an array of small individual shops which lead through to the town centre. Kings Park is close by and offers climbing frames, swings, roundabouts, ball courts, slides, a skate park for teenagers and other facilities. Theres almost something for everyone with a Caf, sports pitches, orienteering, athletics track, large open areas, indoor bowls and free off road parking. Home also to AFC Bournemouth and the Vitality stadium.

Agents Notes:
Tenure - Freehold
Council Tax Band - A ( personal )
No business rates
Commercial EPC - C

Tenure 1. Money laundering regulations: intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your cooperation in order that there will be no delay in agreeing the sale.
2. General: while we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: these approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Martin and Co Bournemouth limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

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

£ 530700

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 16000
  • 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

£ 50700
  • 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

Adjust these figures

  %

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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