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£285,000 Guide Price
Bedrooms
A VERY WELL PRESENTED SEMI DETACHED HOUSE, BENEFITTING FROM COMFORTABLE ACCOMMODATION AND OFF ROAD PARKING.
5 South Avenue is a well appointed semi detached house, situated close to walks via the River Lym to Lyme Regis town centre. Under the current ownership, the property has been subject to reconfiguration and improvement in creating a lovely family home, including a delightful kitchen/diner which is the real hub of the house. The rear garden is especially private and tiered, with the added benefit of parking for one vehicle nearby. No. 5 further benefits from three bedrooms, comfortable lounge, and downstairs WC.
The Accommodation Comprises: - Part glazed uPVC door to:
Hall - With laminate flooring, radiator, understairs cupboard, smoke alarm, stairs to first floor. Door to:
Cloakroom - With obscured window, tiled floor, hand basin, WC.
Reception Room - 1210' x 1011' (3.91m x 3.33m)
With bay window, radiator, TV and telephone points, recessed fitted shelving.
Kitchen/Dining Room - 194' x 1211' (5.89m x 3.94m)
With vinyl flooring and double glazed window to rear and side, obscured double glazed door to outside, matching wall and base units with wood laminate worktops, inset 1.5 bowl sink and drainer, integrated gas hob and electric oven and grill, space for fridge freezer and tumbledryer, built-in cupboard, space and plumbing for washing machine.
First Floor -
Landing - With double glazed window to side, loft access. Door to:
Bedroom 1 - 135' x 113' (4.09m x 3.43m)
WIth double glazed window to front, radiator, fitted shelving.
Bedroom 2 - 113' x 92' (3.43m x 2.79m)
With double glazed window to rear, radiator, feature fireplace.
Bedroom 3 - 103' x 710' (3.12m x 2.39m)
With double glazed window to front, radiator, built-in cupboard.
Bathroom - With obscured double glazed window, tiled flooring, partly tiled with panelled bath and fitted screen with shower over, vanity unit with hand basin, WC, heated ladder towel rail, extractor vent.
Outside - South Avenue is a well established residential area, found to the eastern side of Lyme Regis. No. 5 is approached from the pavement via a pedestrian gate and pathway leading to the front entrance. The front garden is enclosed by timber fencing, with a small lawned area bordered by mature planting and shrubs, with the hard standing pathway providing side access to and from the rear. The rear garden is tiered and offers a large paved seating area and two small lawned areas, accessed via a set of steps from the lower level, which are bordered on each side by high hedging and mature planting. To the far end of the garden, there is access to the hard standing parking area for one vehicle, as well as a timber shed providing useful storage.
Material Information - Local Authority: Dorset Council
Council Tax Band: C
Tenure: Freehold
Section 157 Restriction: Under the 1985 Housing Act there is a rural restriction that applies to ex-Local Authority properties. This means that the proposed Purchasers must have lived or worked within the County of Dorset for a continuous period of 3 years or more. If the proposed Purchasers are unable to comply with the rural restriction, then it would be necessary to obtain the specific consent of Magna Housing Association to purchase.
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 in Lyme Regis, proceed via Broad St to the bottom of the town and through the traffic lights. Continue through Bridge St and Church St into Charmouth Road and take the first left hand turning into Anning Road. Proceed along Anning Road and upon passing the right hand turning for Queens Walk, continue for a further short distance. No. 5 will be found on the right hand side just before the turning for Bay View Road.
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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