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£420,000 Guide Price
Bedrooms
AN ATTRACTIVE 1920s DETACHED BUNGALOW, IN AN ELEVATED POSITION WITH LOVELY COUNTRY AND VALLEY VIEWS
Bailey Gate is an attractive 1920s detached bungalow, positioned off Lyme Road, one of the main routes to and from Lyme Regis. The bungalow is thought to have once been a residence for the local foreman of a former dairy farm, and built as separate accommodation from the main farm itself.
Owing to its elevated position, the property benefits from wonderful valley and country views in the distance. It offers good sized and well balanced accommodation throughout, with the benefit of an attic room which is currently utilised as a self contained annexe but could be utilised as a third bedroom with access internally via a staircase from the dining room.
The bungalow further benefits from two double bedrooms, a comfortable lounge, shower room, generous dining room and kitchen, whilst outside there is off road parking for two vehicles and a garage, with mature front and rear gardens.
The Accommodation Comprises: - uPVC front door leading to entrance porch with further double doors to:
Hall - With wooden floorboards, radiator, ceiling light. Doors off to:
Lounge - 146' x 1011' (4.42m x 3.33m)
With wood laminate flooring, 2 radiators, french doors to decked area, woodburner within marble surround and timber mantle, part panelling to ceiling, telephone point.
Bedroom 1 - 139' x 11 (4.19m x 3.35m)
With double glazed window to front, radiator, built in wardrobes, part panelling to ceiling.
Bedroom 2 - 125' x 104' (3.78m x 3.15m)
With double glazed window to rear, radiator, built in wardrobe and overhead storage, part panelling to ceiling.
Shower Room - With tiled flooring, obscured double glazed window to rear, part tiled, radiator, WC, hand basin wihtin vanity under, shower cubicle with electric shower, shaver point.
Cloakroom - With WC and hand basin.
Dining Room - 145' x 123' (4.39m x 3.73m)
With timber floorboards, radiator, double glazed window to side, stove within brick and tiled surround, part panelling to ceiling. Door and staircase leading to first floor loft room/bedroom. Squared arch to:
Kitchen - 124' x 611' (3.76m x 2.11m)
With wood laminate flooring, double glazed window to rear, uPVC stable door to side access from gardens, matching wall and base units with wooden worktops and inset circular stainless steel sink and drainer, space for oven and washing machine, pantry cupboard, quarry tiles to splashback areas.
First Floor - Access from rear garden via uPVC obscured double glazed door, opening to staircase rising to:
Annexe/Attic Room -
Living Room/Bedroom - 146' x 118' (4.42m x 3.56m)
With double glazed windows to front affording views, light and power, velux window to rear.
Kitchen - 71' x 6 (2.16m x 1.83m)
With velux window, wall and base units with laminate worktop and inset single bowl stainless steel sink and drainer, laminate flooring, space for oven. Door to:
Shower Room - With skylight, laminate flooring, WC, vanity unit with inset hand basin, shower cubicle with Triton electric shower in tiled surround.
Location And Outside Space - Bailey Gate is positioned and accessed off Lyme Road, one of the principal roads in and out of Lyme Regis. The property is approached via the off road parking area for two vehicles, leading to the garage, with a pathway bisecting two lawned areas heading to the front entrance via two sets of steps. The front garden is interspersed with mature shrubs and trees and bordered by high hedging to both sides. Two hard standing pathways to either side of the bungalow provide side access to and from the rear garden, with the lower level being laid to hard standing and patio areas with a greenhouse and raised pond. A small pathway and set of steps lead to the upper level which is laid to lawn with mature shrubs, with the rear being enclosed by hedging and timber fencing. There is also an outhouse/store to one side of the lower level, which has light and power and space for a washing machine.
Garage - 1811' x 125' (5.77m 3.78m)
With double timber doors, further pedestrian side door, strip lights, small single glazed window to side.
Store - 1410' x 62' (4.52m x 1.88m)
With light and power, plumbing for washing machine.
Material Information - Local Authority: East Devon District Council
Council Tax Band: D
Tenure: Freehold
Services - We understand the following to be correct but applicants should verify this with their own enquiries.
Electricity: Mains
Water: Mains
Drainage: Mains
Heating: Liquid Petroleum Gas (LPG)
Broadband and Mobile Signal/Coverage: See checker.ofcom.org.uk
Viewing - Strictly by appointment with the Vendors Agents, Martin Diplock Estate Agents of 36 Broad Street, Lyme Regis.
Directions - From Lyme Regis, proceed out of the town via Silver Street and Uplyme Road eventually reaching Uplyme. Continue over the mini roundabout after the village hall and garage, and proceed for approximately 200 yards. Bailey Gate can be found on the right hand side just before the turning for Woodhouse Heights.
Map location is not available for this property.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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