8 bedroom detached for sale

£2,200,000

8

Bedrooms

8

Bathrooms

Floorplan

The Sea Gazer is an impressive coastal ranch style home with lovely sea views set amidst 1.29 acres of mainly south facing gardens and grounds. It has been extensively extended and refurbished in recent years and now boasts over 9600sqft of luxury accommodation and located in one of Weymouths most coveted locations, within a short stroll of the seafront and several local beaches. Weymouths picturesque harbour and Town centre are easily accessible being just over a mile away. The property offers extremely versatile accommodation perfectly suited for multigenerational living. The property as a whole comprises the kitchen/dining/family room, three further reception rooms, a cinema room, indoor pool, utility room, coat room, dog room, shower room and WC. The first floor boasts six bedrooms, four with en-suites, two family bathrooms, a laundry room, kitchen and an office. The top floor boasts the principal suite with its luxury bedroom, living room, dressing room and bathroom. The current owners utilise the house in two parts, and have created an annexe for family and friends - served by an interconnecting door by the pool.
A private driveway leads you through the electric gates and onto an extensive gravel drive with a large turning circle and parking for numerous vehicles plus a double garage with workshop and double car port or boat storage. Nestled in an elevated position and set well back from the road, the property occupies a secure and private plot surrounded by mature trees. In the summer months the trees offer a high degree of privacy whilst in the winter months, when the leaves fall, the sea views are very much enhanced.

Situation - Wyke Regis is a residential area of Weymouth. The property is close to the coastal footpath, on the heritage coast, and the famous Chesil Beach which runs from Portland to Abbotsbury, in an area of outstanding natural beauty. The location offers good public transport to Weymouth town and is in walking distance to the local schools. Weymouth is a beautiful seaside town situated halfway along the Jurassic Coast and just 7 miles south of the Dorset County town of Dorchester. Its charming harbour, sandy beaches and superb National Sailing Academy attracts numerous visitors and it is also home to several nature reserves and a wealth of amenities, including schools, doctors, dentist, library, and supermarkets. As a result of its affiliation with the Olympics, the town has benefited from improved transport links, including a bypass and a network of cycle paths. There are regular bus services to neighbouring towns and a mainline trainline to Bristol Temple Meads and London Waterloo.

Key Features - The kitchen with its views out to sea is a wonderful and social space with living and dining areas and a kitchen fitted with a range of wall and base level units, two large islands with granite work surfaces over and a selection of integral electric appliances. All the principal rooms are south facing with the lounge and snug having access onto the covered veranda, a unique feature of this property, with its sweeping views over the Chesil and beyond.

There are 5 bedrooms in the main house, four are on the first floor, one with an ensuite along with a family bathroom incorporating an infrared sauna. The top floor is home to the stunning principal suite with its own living room, a coffee area with integrated fridge and granite top, a fully fitted dressing room with vanity unit and ample storage, luxurious bathroom with spa bath and separate shower. The bedroom itself is light filled from the huge triangular windows and enjoys views towards Portland and the Chesil.

Part of the house is currently utilised as an annexe, and comprises of a reception room with shower room, a cinema room and direct access to the pool. Spiral stairs lead to the first floor. Upstairs boasts three huge bedroom suites, all with en suites and two with dressing rooms and access to the full width sea facing balcony. There is also the kitchen and family bathroom.

Agents Notes - Please note there is a TPO at the property.

Flood Risk - Enquire for up-to-date details or check the
website for the most current rating.

https://check-long-term-flood-
risk.service.gov.uk/risk#

Broadband And Mobile Service - At the time of the listing, standard broadband, superfast broadband and ultrafast broadband are available.

Mobile service indoors is listed as likely and outdoors is likely.

For up-to-date information please
visit

Services - Mains electricity, water and drainage are connected.
Gas fired central heating.

Local Authorities - Dorset Council
County Hall
Colliton Park
Dorchester
Dorset
DT1 1XJ

We are advised that the council tax band is G.

Viewings - Strictly by appointment with the sole agents:
Parkers Property Consultants and Valuers
Tel:

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1882950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 55000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 232950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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