3 bedroom cottage for sale

£495,000 Guide Price

3

Bedrooms

Floorplan

Enjoying an elevated position on a little lane just off Claremont Terrace is this two, potentially three-bedroom cottage which has been sympathetically updated whilst retaining its character.

Entering the property from the lane which is Claremont Cottages, you first come into a porch with a part glazed door and a traditional tiled hallway with a lovely plaster arch. The lounge is to your immediate left and has a recessed window to the front and a feature fireplace with built-in cupboards either side of the chimney breast.

To the rear of the ground floor is a bright kitchen, with glass doors opening onto a glazed balcony which gives wonderful far-reaching river views. A truly wonderful spot to sit and enjoy your morning coffee! The kitchen is presented very well with a range of fitted units including an integrated fridge-freezer and an integrated oven and 6 burner gas hob. There is a tiled splash back above a Corian worktop along with a ceramic butlers sink and space for a small dishwasher as well as a breakfast table.

Stairs in the corner lead down to the lower level which is a versatile room, with ensuite shower room, and opens out onto the rear courtyard garden. This would be great for guest accommodation or for use as a home office.

From the hallway on the ground floor there is a graceful, turned staircase leading up to the first-floor landing with a window giving beautiful river views and providing lots of lovey natural light.

There are two double bedrooms, both with a built-in wardrobe , and the rear having gorgeous sea views. There is an immaculate modern shower room, part-tiled and with a large shower enclosure, a basin set into a vanity unit with drawers and a heated towel rail.

To the rear is a superb, sheltered two-tiered courtyard style garden. There is a sunken seating area adjacent to the cottage and then an upper gravel patio, bounded by red brick and stone walls, with raised planted borders. Both areas catch the sun for much of the day and provide the perfect setting for al-fresco dining!

A viewing appointment is highly recommended to appreciate what this stunning property has to offer! Sympathetically presented accommodation combined with 360 panoramic views from the rear, spanning the Penryn River, from Flushing across to St Mawes and St Anthonys Lighthouse.

EPC D
Council Tax Band B
Gas Central Heating and Hot Water
Freehold
Mains Gas, Electricity, Water and Sewage
No Allocated Parking


LOCATION
Claremont Cottages is ideally situated for all the shops, cafes, pubs and other amenities of central Falmouth with the Hight Street being less than 100m away and Gyllyngvase Beach just over a mile away. Falmouth is exceptionally located on the south coast of Cornwall, well connected by roads and train services to the rest of the county and beyond. Swathed in maritime history, Falmouth is now a vibrant hub for sporting and cultural pursuits. The south Cornish coast offers fabulous hiking trails and water sports opportunities just a stones throw away and there are numerous yacht and sailing clubs with some of the finest day sailing waters in the UK. Additionally, Falmouth is also a centre for the Arts in Cornwall, with the Princess Pavilion and The Poly offering a rich programme of events throughout the 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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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 411075

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
    £ 12375
  • 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

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£

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

£ 39825
  • 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.

£

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
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    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

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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