7 bedroom detached for sale

£980,000

7

Bedrooms

6

Bathrooms

Floorplan

This charming and characterful period property known as Durlock Lodge is a detached Grade II Listed dwelling situated within the village of Minster Ramsgate with origins dating back to the 1700s boasting versatile accommodation over three floors on an extensive plot of circa 0.7 of an acre.
Internally the property offers spacious rooms including seven bedrooms, six bathrooms plus a self contained one bedroom studio which could offer many opportunities as guest accommodation or work from home office/therapy room or wing for the teenager/family member. The useful cellar comprises areas currently used for additional storage and a workshop.Externally there are plenty of places to enjoy a sunny aspect courtesy of lawned gardens and sun terrace on the westerly side of the property which features a gazebo and brick built barbeque. Theres a variety of mature trees, plants and shrubs in borders and beds, fruit cages and raised planters for the budding gardener, and a pleasant walk to the bottom of the garden offers a place to relax and take in the tranquil setting with a view over farmland.A large shingled forecourt offers vehicular parking and is accessed via tall timber gates where youll have space for cars/motorhome or caravan.
Our current owners previously operated a successful Bed & Breakfast business from Durlock Lodge as the room configuration and setting made it a popular choice for many people over many years, and this could be something that the new owners may want to re-kindle.In more recent years our vendors have just enjoyed this delightful property as their family home and have loved the village life and surrounding countryside.For those seeking a taste of growing their own, the generous garden and meadow could be ideal for some livestock, vegetable allotment, and perhaps a few chickens or pigs! If you fancy being the next Tom & Barbara, this is an opportunity to sample a go at the Good Life
Around a ten minute walk to a wealth of local amenities making it a practical choice for those wanting the semi-rural setting, yet be convenient for shops, eateries, pubs and countryside walks.The railway station is also near by and within 300 meters by foot making this location a great option for those needing rail links to London.Escape from the busy Hussle & Bustle of London and be in the garden of England within an hour & thirty minutes ! Or a car journey just over ten minutes away to the Thanet Parkway and you could be London St Pancras in around 68 minutes!
Call to find out more and book your appointment to view to really appreciate whats on offer here at Durlock Lodge.Viewings strictly by appointment.

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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

£ 801450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 24500
  • 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

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£

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

£ 66450
  • 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.

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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

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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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