5 bedroom detached for sale

£430,000 Offers over

5

Bedrooms

2

Bathrooms

4

Reception

McEwan Fraser Legal are delighted and extremely proud to present to the open market one of Arrans most exceptional and unique properties located close to all that Arran has to offer.Seacliffe Cottage sits in the tranquil hamlet of Dippen just a five-minute drive from shops and services with a tranquillity thats rarely seen in such close proximity to facilities.In its elevated position overlooking 180-degree sea views, is this impressive cottage, built on three levels referred to as lower, middle and upper. In terms of location, layout, style and detail, it makes a super 5 bedroom family home. It has the bonus of being able to be used as a two-bedroom self-contained accommodation and a three-bedroom self-contained accommodation, which has in the past been used as a holiday let.Built-in circa 1800 and whilst on the outside retaining its character and old-world charm has been extensively modified internally. Floors have been relaid with damp proof membrane and insulation. Walls have been lined with studding, plasterboard, insulation and plaster finish. Windows are all double glazed uPVC. Roofs have been upgraded with battens and counter battens, and existing slate refitted.Seacliffe Cottages has one of the most beautiful positions on the island and enjoys spectacular sea views and views of the surrounding area. In this extensive home, you will find exceptional design and an inspired layout over three levels.On the middle level is a large kitchen/diner which is the hub of the home, with an original stone inglenook fireplace at one end and a modern fitted kitchen at the other, complete with a large central island/breakfast bar, double stainless steel sink and drainer, large 5 ring induction hob, double oven, space and fittings for dishwasher, all units have large soft closure draws and fitted with striking Duropal work surfaces. The dining area has ample space and currently has a ten-person dining table making it a perfect zone for more informal gatherings with friends and family. From the kitchen there is access to a utility room fitted with floor and wall units with space and fittings for a washing machine and dryer, also off the kitchen is a boiler room and store/pantry. A door from the kitchen/diner via a landing leads to three steps of a solid oak stair to the lower level, which is a substantial triple aspect lounge with beautiful sea views. From the kitchen, a few steps lead to a landing from which, a staircase leads to two en-suite bedrooms.From the middle level, three steps lead through an adjoining door to the upper level which has three double bedrooms, bathroom, lounge, kitchen, and conservatory.Outside there is a concrete driveway with parking for several cars. The garden is one and a quarter acres, which includes an extensive vegetable growing area with a 20ftx10ft greenhouse and a collection of fruit bushes and fruit trees. There is a wooded area with a chicken compound and two chicken houses, a burn runs along the bottom of the garden. This is the perfect garden for anyone willing to be self-sufficient.At the rear of the property are a summer house/shed and a barbecue area. The house is served by oil fired central heating, mains water supply, and a private sewage treatment plant.Available as a combination residential and or letting venue it offers to its next owners a plethora of opportunities within the new staycation changes within the current holiday market in the UK. Tenure-FreeholdExtras (Included in the sale):To be discussed at formal offer.

Nearest Stations:

16.44 miles
Ardrossan Harbour
16.64 miles
Ardrossan Town
17.02 miles
Ardrossan South Beach
17.09 miles
Saltcoats
17.36 miles
Maybole

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

£ 357450

Mortgage Loan to Value

%

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
    £ 10750
  • 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

£ 34950
  • 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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