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£700,000
Bedrooms
Bathrooms
Detached chalet bungalow which has been recently modernised including kitchen and bathrooms. Accommodation briefly comprises Large Lounge with Patio Doors, Dining Room/Bedroom 3, Modern Kitchen, 2 Further Double Bedrooms, Ground Floor Shower Room, First Floor Bathroom, South Facing Front Garden, Driveway Parking for Several Vehicles.
Lympstone is a highly sought-after picturesque riverside village on the edge of the Exe Estuary and only seven miles from Exeter city centre.
There are excellent transport links to the M5, A30, network rail connections from Lympstone station and Exeter international Airport.
The village has four pubs all with restaurant areas, primary school, sailing club, tennis club, shop, caf and post office are all within easy walking distance.
The Exe Estuary trail with scenic river and countryside views, can be enjoyed, whether walking or cycling, from the coastal town of Exmouth along the estuary to the centre of Exeter. The village has four pubs all with restaurant areas, primary school, sailing club, tennis club, shop, caf and post office are all within easy walking distance.
Accommodation comprises (all measurements are approximate):
Entrance
Covered entrance with Upvc double glazed door to the:-
Hallway
2 storage cupboards, radiator, doors to:-
Lounge - 20`0' x 15`7' (6.09m x 4.57m)
Large bright room with large Upvc double glazed windows overlooking the rear garden, Upvc double glazed doors onto the front patio, 2 radiators, woodburner set in chimney, coved ceiling.
Dining Room/Bedroom 3 - 14`0' x 11`11' (4.26m x 3.62m)
Large Upvc double glazed window overlooking the front garden, radiator, coved ceiling.
Kitchen - 11`10' x 9`10' (3.61m x 3m)
Upvc double glazed window overlooking the rear garden. Recently fitted kitchen comprising worktop surface with 1 1/2 bowl stainless steel sink with drainer and mixer tap, integrated oven with induction hob over and wall mounted extractor, integrated dishwasher, space for fridge/freezer.
Utility Room
Cupboard housing the gas fired boiler with further storage, space and plumbing for washing machine, door to covered storage room.
Bedroom 2 - 11`11' x 11`0' (3.63m x 3.34m)
Large Upvc double glazed window overlooking the front garden, radiator, coved ceiling, built-in wardrobe.
Shower Room
Upvc obscure double glazed window, walk in shower enclosure with electric shower, fully tiled walls, low level W.C, wash hand basin set in vanity unit, inset ceiling spotlights, extractor.
First Floor Landing
Doors to:-
Bedroom 1 - 15`5' x 14`8' (4.70m x 4.46m)
Large bright room with 2 Upvc double glazed windows, door to eaves storage, inset ceiling spotlights.
Bathroom - 10`4' x 9`3' (3.15m x 2.83m)
Velux window, recently fitted bathroom suite comprising panelled bath, low level W.C, pedestal wash hand basin set in vanity unit, inset ceiling spotlights.
Outside
The property is approached via a block paved driveway which provides parking for several vehicles, there are planted borders and a patio area in front of the Lounge doors there is access to the rear garden which is low maintenance being mainly paved with a lawned area.
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Council Tax Band - D
Mortgage Assistance
We are pleased to recommend Meredith Morgan Taylor, who would be pleased to help irrelevant of which estate agent you finally buy through. For a free initial, no obligation chat please contact us on to arrange an appointment.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Meredith Morgan Taylor Ltd is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority (FCA).
The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A buyer is advised to obtain verification from their Solicitor or Surveyor. References to the tenure of the property are based on information supplied by the seller. The agent has not had sight of the title documents. A buyer is advised to
obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Please note that all personal information provided by customers wishing to receive information and/or services from Meadows Estate Agents will be processed by the estate agent, the Meadows Estate Agents for the purpose of providing services associated with the business of an estate agent and for the additional purposes set out in the privacy policy (copies available on request) but specifically excluding mailings or promotions by a third party. If you do not wish your personal information to be used for any of these purposes, please notify Meadows Estate Agents.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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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