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£565,000 Guide Price
Bedrooms
A DETACHED BUNGALOW SITED WITHIN 1.25 ACRES, IN THE POPULAR AREA OF RAYMONDS HILL. POSSIBLE DEVELOPMENT POTENTIAL.
Devonacre is a detached bungalow, sited within approximately 1.25 acres and occupying a favoured position at Raymonds Hill close to commuter links and equidistant to both Lyme Regis and Axminster.
The bungalow is generally in good order and condition throughout, with the possibility of reconfiguring the existing layout or extension subject to necessary consents being obtained.
The gardens and land are a real feature, with vast swathes of lawn and mature trees throughout, with further outbuildings and stores serving a variety of purposes depending on preference and needs. Given the size of the total land and acreage, there would be possible development potential given its orientation and access, although interested parties would need to make their own enquiries.
The Accommodation Comprises: -
Entrance Porch - With tiled flooring and front entrance door to:
Lounge - 24 x 141' (7.32m x 4.29m)
Carpeted, dual aspect double glazed windows and french door to outside, TV point, 2 radiators, woodburner. Door from loung to:
Inner Lobby - With door off to:
Bathroom - With laminate flooring, obscured glazed windows to side, fully tiled, corner bath with shower over, pedestal hand basin, WC, Dimplex wall heater.
Further door from lobby to:
Kitchen - 217' x 99' (6.58m x 2.97m)
With part laminate and part tiled flooring, double glazed window to side, matching solid wood wall and base units with laminate worktop and inset stainless steel 1.5 bowl sink and drainer, space for range cooker. Doors off kitchen to:
Side Porch - With laminate flooring, door to outside.
Utility Room - 73' x 65' (2.21m x 1.96m)
With tiled floor, double glazed window to side, base unit with space and plumbing for washing machine, wall mounted Glowworm boiler, pantry cupboard.
Doorway from kitchen to:
Rear Hall - With skylight, laminate flooring, airing cupboard and doors off to:
Bedroom 1 - 128' x 108' (3.86m x 3.25m)
With laminate flooring, vertical radiator, double glazed window to side, built in wardrobes.
Shower Room - Fully tiled with obscured double glazed window, vanity unit with inset hand basin and WC, walk in shower cubicle, heated towel rail.
Bedroom 3 - 1010' x 97' (3.30m x 2.92m)
With laminate flooring, radiator, double glazed window.
Bedroom 2 - 125' x 11 (3.78m x 3.35m)
With laminate flooring, radiator, built in wardrobes with mirrored sliding doors. Sliding doors to:
Conservatory - 164' x 84' (4.98m x 2.54m)
With laminate flooring, radiator, ceiling fan light, double glazed doors to outside, glazed door to Utility Room.
Outside - Devonacre is situated within the popular area of Raymonds Hill, within easy commuter reach of both Lyme Regis and Axminster in the opposite direction. The bungalow is approached off Charmouth Road via the driveway for the property, which leads to the side elevation where there are a number of timber outbuildings, stores and garage. A pathway provides access to the front entrance porch, with the frontage of the land being laid to lawn with mature specimen trees and shrubs, a raised decked area to the front and side of the property and feature pond. From here, a hard standing pathway leads to the side part of the garden (also linking to the side aspect of the property), which is again laid to lawn with mature trees and greenhouse. The rear aspect of the outside space is again lawned, with specimen trees and shrubs interspersed, with a timber store to one side. The land totals approximately 1.25 acres which is enclosed by a combination of high hedging and timber fencing.
Material Information - Local Authority: East Devon District Council
Council Tax Band: F
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: LPG fired central heating
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 - Proceed into Silver Street just after our office, continuing and merging into Uplyme Road and Lyme Road thereafter. Proceed through Uplyme and Yawl, and upon reaching the junction at Raymonds Hill, turn right onto the A35. Continue for approximately 150 yards and just before the turning for Green Lane, the property will be found on the left hand side.
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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