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£550,000 Guide Price
Bedrooms
A 1920s/30s DETACHED BUNGALOW, INCLUDING MANY CHARACTER FEATURES AND SET WITHIN GENEROUS GARDENS. IN NEED OF UPDATING.
Ravello is a well built, characterful 1920s/30s bungalow, situated on the edge of Lyme Regis and benefitting from sea views to the rear.
Set within approximately 0.3 acres of mature gardens, the property has been under the same ownership for some years. It benefits from lovely character features throughout including timber panel doors, picture rails and feature period fireplaces, as well as an impressive wrap around timber decked and part quarry tiled veranda affording a pleasant outlook onto the gardens to the side and rear aspects.
Ravello would now benefit from updating to better suit modern living requirements, with scope to extend the existing accommodation subject to the necessary consents being obtained, given the plot that it occupies.
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: - Pathway from front garden to timber part glazed door to:
Lean-To/Sun Room - 51' x 243' (1.55m x 7.39m)
With part glazed door to:
Lobby - With vinyl flooring and door to:
Utility - 84' x 62' (2.54m x 1.88m)
With single glazed window, vinyl flooring, striplight, base unit with inset stainless steel sink and drainer, space for washing machine.
Further timber part glazed door to:
Kitchen - 1211' x 129' (3.94m x 3.89m)
With vinyl flooring, single glazed window to side, base units with laminate worktops and inset stainless steel single bowl sink and drainer, night storage heater, speace for oven and fridge freezer.
Timber door to:
Hall - With loft access, airing cupboard housing immersion tank, obscured glazed entrance door to far end of hall, night storage heater. Doors off to:
Bathroom - With timber floorboards, single glazed window to rear, night storage heater, panelled bath, WC, shower cubicle in tiled surround.
Lounge - 1211' x 12 (3.94m x 3.66m)
Carpeted with french doors to decked verandah. Feature fireplace within timber and tiled surround, night storage heater, TV point, picture rails.
Bedroom 1 - 1410' x 119' (4.52m x 3.58m)
Carpeted with window to side aspect, night storage heater, feature fireplace wihtin timber and tiled surround, picture rails.
Bedroom 2/Dining Room - 1411' x 118' (4.55m x 3.56m)
Carpeted with dual aspect windows, night storage heater, feature fireplace within timber and tiled surround.
Bedroom 3 - 1211' x 102' (3.94m x 3.10m)
With timber floorboards, window to front, fireplace within brick surround, picture rails.
Location And Outside Space - Ravello is situated off Uplyme Road, one of the main principal routes into Lyme Regis, with the local medical centre and the local comprehensive Woodroffe School found within metres of the property. Access to the property is via a tarmacadam driveway which is shared with the neighbouring property (Woodberry), which in turn leads to a paved pathway to the front entrance as well as dual side access to and from the rear gardens again via pedestrian pathways. The front garden is laid to lawn with a variety of mature trees and planting throughout, whilst the rear garden is also laid to lawn with varieties of mature specimen trees, shrubs and planting, with a pond to the lower part of the garden. To the side of the bungalow, there is a generous patio seating area bordered by a brick arch feature, with steps down from the patio to the rear garden. The veranda can also be accessed from the patio area, which makes an ideal space for unwinding and relaxing during the warmer months of the year.
Material Information - Local Authority: Dorset Council
Council Tax Band: D
Tenure: Freehold
Please note that Ravello is a Probate Property and buyers are kindly advised to research the history of this property and enquire with the marketing agent prior to arranging a viewing. The owners of neighbouring properties propose to develop property or land nearby or make alterations to a nearby building. The Land Registry certificate refers to the right to collect water by The Haye and Haye Farm dating from September 1918. The Executors are not aware that this has affected Ravello in any way. The Executors have a verbal agreement with the owner of a neighbouring property for them to connect their new sewage pipe into the existing pipework for Ravello.
Services - We understand the following to be correct by applicants should verify this with their own enquiries.
Electricity: Mains with a smart meter
Water: Mains
Drainage: Mains
Heating: Electric night storage heaters. There is no gas supply connected to the property.
Broadband and Mobile Signal/Coverage: At present there is no telephone or broadband services connected to the property.
Viewing - Strictly by appointment with the Vendors Agents, Martin Diplock Estate Agents of 36 Broad Street, Lyme Regis.
Directions - From our offices, proceed up Pound Street and take the first right hand turning into Pound Road. At the junction, turn left into Silver Street, eventually merging into Uplyme Road. Upon reaching the medical centre on the right hand side, continue for a short distance where Ravello can be found on the right immediately opposite the entrance for Woodroffe School.
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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