3 bedroom detached bungalow for sale

£650,000 Guide Price

3

Bedrooms

Floorplan

Sea Shore, or Morrep in Cornish, is a lovely, detached, three-bedroom, beach-side bungalow, perched on the cliff above Hayle Towans Beach and just a 2 minute walk to 3 miles of golden sand, stretching all the way to Gwithian and Godrevy! With stunning views across St Ives Bay, this beautifully presented bungalow is a must-see if you are looking for coastal living!

Whether you are looking for a family home, to retire by the sea, or a holiday home, Morrep truly has something for everyone. Whats more, this beautifully presented bungalow is ready to move into, so the new owners can fully appreciate all that the area has to offer from day one!

Recently renovated, there is a modern, fitted kitchen which is well equipped with electric ceramic hob, oven and grill, fridge - freezer and dishwasher. A spacious lounge, with a cosy log-burner, has patio doors which extend the interior space into the sun-drenched conservatory to make the most of the coastal panorama, perfect for taking in the sunset across to St Ives whilst enjoying a glass of wine! Additionally there are three spacious bedrooms, a family bathroom, a utility area with washing machine and dryer.

Outside there is a secluded, wrap-around garden with a lawn and a seating area to enjoy the splendid views, the perfect space for a BBQ. There is a garage with a fully equipped shower room, with toilet and a large sink at the rear, which is perfect when coming back from the beach. There is also a garden shed and a warm outdoor shower, ideal for sandy toes, surfers and dogs! There is parking for 3 vehicles on the driveway. Wheelchair and pushchair access down to the beach can be found a few minutes walk from the house via The Bluff Inn carpark.

Morrep encourages you to relax from the moment you arrive, with some of the best that Cornwall has to offer literally on your doorstep. St Ives is only a short drive away with its Tate Modern Art Gallery and Barbara Hepworth Museum to name a few of the many attractions. You will enjoy wandering through the maze of narrow cobbled streets, independent shops and fishermens cottages and there are many restaurants and cafes to sample! This part of the coast is one of the most sought after locations in South West Cornwall for surfing and kitesurfing and boards can be hired on the beach for surfing and stand up paddle-boarding (SUP).

EPC D
Council Tax Band C
Utilities: Mains Electric, Water and Drainage
Owned Solar Panels
Efficient Electric Heating
Floor Area : Approximately 828 sq ft / 77 sq m
Rental income of over 50k per year.


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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£
£
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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

£ 538950

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
    £ 16250
  • 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

£ 51450
  • 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
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  • 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.

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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

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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.

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