5 bedroom detached for sale

£1,500,000 Guide Price

5

Bedrooms

2

Bathrooms

A detached family house of considerable grandeur, as impressive in its handsome aesthetic appeal as it is with its well balanced accommodation. Gables is believed to have been constructed circa 1925, when it is reputed that a returning Hong Kong diplomat challenged his architect to create him a home of then cutting edge design, fused with Medieval architecture along with the associated features of that era. Of particular note are the decorative open fireplaces, carved beams and bespoke hand made oak doors. This home to aspire to has been warmly embraced and enjoyed by the present owners who have overseen the installation of double glazed windows throughout, without compromising the period charm and splendour. For an appointment to view, please contact our Lewes Office.

Description: - A detached family house of considerable grandeur, as impressive in its handsome aesthetic appeal as it is with its well balanced accommodation. Gables is believed to have been constructed circa 1925, when it is reputed that a returning Hong Kong diplomat challenged his architect to create him a home of then cutting edge design, fused with Medieval architecture along with the associated features of that era. Of particular note are the decorative open fireplaces, carved beams and bespoke hand made oak doors. This home to aspire to has been warmly embraced and enjoyed by the present owners who have overseen the installation of double glazed windows throughout, without compromising the period charm and splendour. The accommodation as detailed in the accompanying floor plan comprises:-

Entrance Porch : Reception Hall : Drawing Room : Lounge/Dining Room : Sitting/Cinema Room : Kitchen/Breakfast Room : Utility Room : Dual Ground floor Cloakrooms : Garden/potting Area : Principal Bedroom with en suite Shower Room : four further Double Bedrooms : Family Bathroom : Study : Integral Double Garage with potential to convert into Annexe accommodation (subject to the appropriate consents) : Garden Room/Store : Glass House Base : Extensive Off-Road Parking : Mature well screened Garden plot with south easterly aspect.

All mains services are appointed to the property. Gas fired central heating serves panel radiators appointed throughout the accommodation. Lewes District Council Tax Band H.

The large Gardens/Grounds of approximately 0.8 acre are approached via a broad sweeping shingle driveway which provides access to the integral garage and a broad paved turning circle. Adjacent to the front door is a charming sandstone paved terrace with dwarf retaining brick wall, an area ideal for entertaining and eating alfresco. The garden plot is well established and affords a high degree of privacy ,courtesy of mature hedging specimen trees and panelled fencing. There are various outbuildings including a WWII Anderson Shelter Workshop, Boiler Room and Log Store. In all, an ideal recreational facility for both entertaining and thriving families.

Location: - Gables is very conveniently situated on the edge of Lewes within easy reach of the town centre by walking (10 minutes), bicycle or car. There are a plethora of countryside walks via public footpaths immediately available, in particular the Egrets Way. This historic county town offers a wide range of amenities including a variety of individual specialist retail outlets, three-screen cinema, major supermarkets including Tesco and Waitrose, schooling for all ages, tertiary college and leisure centre. The universities of Sussex and Brighton and the coast at Brighton are about 6 and 9 miles respectively, Newhaven port with ferry services to Dieppe, is approximately 6 miles distant and the famous Glyndebourne Opera House is about 6 miles away on the outskirts of Ringmer. there is a mainline railway service from Lewes to London Victoria in just over the hour.



Features
  • Freehold

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

£ 1256450

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
    £ 37500
  • 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

£ 131450
  • 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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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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

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

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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