3 bedroom detached for sale

£595,000 Guide Price

3

Bedrooms

Floorplan

GROUND FLOOR
The front entrance is central to the property and opens onto a spacious hall with the kitchen/ dining room to the left and the sitting room to the right. The stairs to the first floor and the cloakroom are ahead. The sitting room is dual aspect with the window to the front having views out over the Green towards the sea and there are sliding doors out to the garden at the rear. The kitchen/ dining room is also dual aspect. The fully fitted kitchen is to the rear and has a range of sleek, modern, wall and base units as well as a central island and breakfast bar. A door from the kitchen opens into the utility room which has a door opening on to the rear garden.

FIRST FLOOR
A return staircase ascends to a spacious first floor landing which has large storage cupboards, three bedrooms and the family bathroom. The principal bedroom is to the right and has views out over the green to the sea and an ensuite bathroom. There are two further double bedrooms, which have partially vaulted ceilings and Velux windows. The bathrooms have sleek, contemporary fittings and each has both a walk-in shower and separate bath.

GARDENS & THE EXTERIOR
Access to the property is via a shared driveway and there are two parking spaces to the front of the property. The garden wraps around from the right-hand side of the property to the rear where there is a garden-room and lawn.

ADDITIONAL INFORMATION
The property was constructed in 2023 and therefore has the benefit of the remainder of a Build-Zone 10-year warranty.

SERVICES
Mains water (metered), drainage and 3 phase electricity.
Heating via an Air Source Heat Pump with zoned under floor heating on both floors controllable via iPhone or iPad.
Super-fast broadband available.

TENURE : Freehold
EPC : B
COUNCIL TAX BAND : E

LOCATION
Located approximately 12 miles south of Helston, The Lizard is the most southerly village in Great Britain. There is a thriving coastal community with a public house, junior school, shops, doctors surgery, garage, post office, galleries, restaurants, newsagent and church.

The Lizard peninsula provides unique opportunities for adventure with a myriad of outdoor activities on your doorstep. Whether you are into bird watching, hiking, sea kayaking or surfing, there truly is something for everyone.



ANTI MONEY LAUNDERING REGULATIONS - PURCHASER
We are required by law to ask all purchasers for verified ID prior to agreeing a sale.

PROOF OF FUNDS PURCHASERS
Prior to agreeing a sale, we will require proof of financial ability to purchase which will include an agreement in principle for a mortgage and/or proof of cash funds.

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

£ 493575

Mortgage Loan to Value

%

Gross Yield

%

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
    £ 14875
  • 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

£ 47325
  • 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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