3 bedroom detached for sale

£695,000

3

Bedrooms

Floorplan

Martin and Co Bournemouth are pleased to welcome to the market this detached house in a seaside location. Currently serving as two separate dwellings, the building offers a spacious 2-double bedroom flat on the first floor and a spacious 1-double bedroom flat with a private garden on the ground floor. Originally a large, detached property, comprising of 1771sqft of living space, this building would make a great family home should the idea of converting it back to its original form be for you.

As one house, the property would boast 3/4 bedrooms with family bathrooms on both the ground and first floors, off street parking, garage, and side access to the rear garden space. The ground floor bedroom would become an additional reception room providing you with plenty of additional living space to play around with. Create the ideal family home by putting your stamp on the property right from the outset.

GROUND FLOOR APARTMENT
Currently vendor occupied the ground floor flat consists of over 700sqft of living space and is an ideal retreat to return home to. Overlooking the driveway at the front is a spacious bedroom with Bay window giving you the westerly sunshine to enjoy throughout the early afternoon and into the late evening. The lounge space offers large windows overlooking the private rear garden and has a warm feel to it with character high ceilings. The garden is made up of a patio area, grass lawn and border shrubbery. There is a partially tiled shower room with a freestanding shower unit, White W/C and white hand wash basin.

The kitchen sits alongside the lounge and is a very clean and tidy space, offering ample room for all the kitchen mod cons, including washing machine, dishwasher, oven, and hob. There is plenty of worktop space, lots of cupboard space and there is even a place for a dining room table. Double doors lead you out to the rear garden which spends most of the day in sunshine.

FIRST FLOOR APARTMENT
The first-floor flat boasts approx. 1000 sqft of living space and consists of two double bedrooms with family bathroom, kitchen, and lounge. Both bedrooms offer a very comfortable amount of space to come home to with the master being a really good size room with a bay window area. The lounge also benefits from a bay window, and is a great space to return home to. Both flats also benefit from their own private entrances, with the first floor flat benefiting from a spacious entrance porch area.

Conveniently located to the high street in Southbourne, you are with-in walking distance to all the amenities on offer, including bars, restaurants, coffee shops and more. The award-winning beaches of Bournemouth are even closer and are just a short stroll from the property.
There is no shortage of off-road parking on the front drive and the garage is an ideal space for storage.

Agents Notes:
Tenure - Freehold
Council tax - B
All mains are connected


1. Money laundering regulations: intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation 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 be pleased to 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 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

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

Mortgage Required

£ 576075

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
    £ 17375
  • 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

£ 54825
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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

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  • 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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