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£395,000 Guide Price
Bedrooms
A CHARMING GRADE II LISTED MID TERRACED COTTAGE SITUATED WITHIN PICTURESQUE SHERBORNE LANE, WITHIN A SHORT DISTANCE OF THE TOWN CENTRE AND SEAFRONT
10 Sherborne Lane is a delightful Grade II Listed character cottage, situated within easy walking distance of Lyme Regis town centre and the seafront.
Under the current ownership, the property has been very well cared for and offers well balanced accommodation with two good sized bedrooms, a comfortable lounge, kitchen, and shower room.
The cottage would be ideally suited for a variety of purchasers, and further benefits from a pretty enclosed rear garden, which offers lovely outside space to relax and unwind in during the summer months.
The property is offered to the market with no onward chain.
Lyme Regis is a picturesque coastal town noted for its many character buildings, centuries old Cobb Harbour and unspoilt surrounding countryside. The town centre provides good shopping facilities for day to day needs and the larger centres of Taunton and Exeter are both about 28 miles away. There is a main line railway station at Axminster (6 miles inland). In Lyme Regis there is also a sailing club, bowls, golf course, theatre and numerous local societies.
The town is situated on the beautiful and unspoilt Devon and Dorset Jurassic Coast awarded World Heritage Site status by UNESCO in December 2001.
The Accommodation Comprises: - Front part-glazed door to:
Lounge - 194' x 107' (5.89m x 3.23m)
With exposed beams, staircase to first floor, radiator, stone fireplace with gas flame fire, TV point, window to front aspect, smoke alarm within dining area.
Kitchen - 105' x 77' (3.18m x 2.31m)
With window to rear, radiator, matching wall and base units with laminate worktops and inset stainless steel sink and drainer, tiling to splashbacks, plumbing for washing machine and dishwasher and space for fridge freezer, Vaillant gas boiler, Gas cooker with hob, grill & oven, extractor fan., smoke and carbon monoxide alarms.
Multi-panel glazed door to:
Rear Lobby - With part-glazed door to rear garden.
First Floor -
Landing - With smoke alarm and loft access. Doors off to:
Bedroom 1 - 16 x 10 (4.88m x 3.05m)
With window to front, radiator, built-in cupboard/wardrobe.
Bedroom 2 - 101' x 87' (3.07m x 2.62m)
With window to rear, radiator, built-in cupboard/wardrobe, linen cupboard.
Shower Room - With vinyl flooring, obscured window to rear, fully tiled, WC, pedestal hand basin, shower cubicle with thermostatic shower, built-in cupboard, heated ladder style towel rail.
Outside - Sherborne Lane is a picturesque narrow lane linking Broad Street with the River Lym and the old town, within easy reach of the town centre and seafront. There is a timber pedestrian gate from Sherborne Lane to a pathway leading to the front entrance for the cottage, with the front garden being mainly laid to a paved area and planted and gravelled borders, with substantial hedge screening the cottage from the lane. There is also a pathway from the front garden leading to a passageway (Providence Place), with a timber gate leading to and from the rear garden, which is laid to patio seating areas, with a variety of mature specimen shrubs and plants interspersed throughout. There is a timber shed to the bottom of the garden, with the rear enclosed by part timber fencing and stone walling.
Material Information - Local Authority: Dorset Council
Council Tax Band: C
Tenure: Freehold
We understand that No. 10 owns a portion of the passageway at Providence Place, which leads to properties at the rear of Sherborne Lane, as part of its title. For further information please enquire with our office. This property is a Grade II Listed Building and is situated within a Conservation Area.
Services - We understand the following to be correct but applicants should verify this with their own enquiries.
Electricity: Mains
Water: Mains
Drainage: Mains
Heating: Gas 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 - From our office proceed just a few metres up Broad Street and take the first turning right into Sherborne Lane. No. 10 will be found after a short distance 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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