6 bedroom terraced for sale

£410,000

6

Bedrooms

2

Bathrooms

Floorplan

SUMMARY '''Nestled opposite the verdant expanse of the beautiful Freedom Fields park and graced with captivating sea views across Plymouth Sound from its expansive tiled roof terrace, this distinguished Edwardian townhouse presents an exceptional opportunity for family living'''

LOCATION Nestled in the vibrant coastal city of Plymouth, Devon, Lipson is a well-established and sought-after residential area offering a blend of community spirit and convenient access to urban amenities. Characterized by its leafy streets, a mix of traditional and modern housing, and a strong sense of local identity, Lipson provides a comfortable and appealing environment for families, professionals, and retirees alike.

The area benefits from its proximity to a range of local shops, independent businesses, and essential services, fostering a strong sense of local convenience. Residents enjoy easy access to well-regarded schools, making it a popular choice for families. Green spaces and parks are dotted throughout Lipson, offering opportunities for recreation and relaxation.

Lipson also boasts good transport links, connecting residents to the city centre, the historic Barbican waterfront, and other parts of Plymouth with ease. Its location offers a balance between suburban tranquillity and urban accessibility, making it a desirable place to call home within the wider Plymouth area. While retaining its own distinct character, Lipson contributes to the rich tapestry of Plymouths diverse neighbourhoods

DESCRIPTION Situated within a well-maintained and predominantly residential terrace, the property exudes a sense of established community and care. Convenience is seamlessly integrated with the presence of two electric car charging stations located immediately outside the front door.

Stepping inside, one is immediately struck by the preservation of numerous original features, including elegant coving and authentic panelled doors, which whisper tales of the propertys rich history. Spanning three thoughtfully designed floors, the interior boasts beautifully proportioned rooms throughout, enhanced by high ceilings that amplify the feeling of spaciousness and light. The generous living accommodation provides ample room for a growing family to thrive.

To the rear of the property, a charming courtyard garden offers a private outdoor retreat. However, the true jewel in the crown is the stunning roof garden, a tranquil haven commanding breathtaking panoramic views of Plymouth Sound - an idyllic setting to unwind and savour the coastal ambiance at the close of a busy day.

Internally, the layout offers potential for flexible use of rooms, adapting effortlessly to the evolving needs of a family. The largest and arguably most impressive room in the house benefits from an enviable position, offering a direct and picturesque vista over the lush greenery of Freedom Fields park. Modern comforts are assured with gas central heating and double glazing installed throughout, although it currently holds a D EPC rating. Adding a layer of reassurance, the property is equipped with a fire alarm and emergency lighting system.

The location further enhances its appeal, with a wealth of local amenities within easy walking distance, including a variety of local shops catering to everyday needs and a well-regarded primary school, making it an ideal setting for families with young children.

Having been cherished and meticulously maintained by a local couple since 1993, this much-loved home now awaits a new chapter with a younger family who can fully appreciate the unique blend of period charm, modern convenience, and exceptional location this Edwardian townhouse has to offer.

VIEWINGS Interested applicants should call Martin & Co (Plymouth) today on in order to arrange their viewing appointment.

NOTICE TO APPLICANTS We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We routinely refer potential purchasers to Simply conveyancing. It is your decision whether you choose to deal with Simply Conveyancing. In making that decision, you should know that we receive an annual payments benefits, equating to approximately 200 per referral.

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

£ 340950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 10250
  • 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

£ 33450
  • 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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