5 bedroom detached for sale

£1,675,000 Offers in excess of

5

Bedrooms

4

Bathrooms

Floorplan

Ideally located in a choice elevated position on the edge of Lewes, with delightful structured gardens approaching 1 acre, is this impressive 5 bedroom detached family home. Built circa 1959 and subsequently extended, Ord, as seen today, boasts spacious and flexible accommodation across two floors with the valuable self contained annexe over the garage and carport.

Available for viewings now: Please call the Lewes office to book an appointment.

DESCRIPTION:
An impressive modern five-bedroom detached family home, situated in an elevated position on the edge of Lewes with far reaching views over the Ouse Valley and to the Downs beyond. Built in 1959, Ord, as seen today, has evolved into the most welcoming and spacious family home with the addition of a delightful first floor self-contained Annexe over the garage and car port in 2015. The flexible accommodation promotes a feeling of light and space with large picture windows to the southerly aspect. The beautifully structured gardens of approaching one acre are a true feature, surrounding the property on all sides.

Accommodation comprises: solid wood Front Door into Entrance Hall with parquet floor, under stairs cupboard housing electric meters; Cloakroom with wall mounted hand wash basin, low-level WC, terracotta tiled floor; Sitting Room with large picture windows overlooking the terrace to the garden beyond, feature open fireplace with tile surround and wood mantel over, fitted shelves, skirting board electric heating; Dining Room with French doors onto front terrace, skirting board electric heating, parquet floor; large well fitted Kitchen with electric Aga with tile splashback and integrated extractor fan over, double basin sink, integrated dishwasher, tile effect Karndean flooring; Utility Room with terracotta tile floor, space for washing machine and dryer; Boiler Room with Belfast sink, Grant oil fired boiler; large double Bedroom/Sitting Room suite with vaulted ceiling and en suite Shower Room with shower cubicle, low-level WC, vanity unit with inset handwash basin, glazed window.

Staircase from Hallway to First Floor landing with airing cupboard housing hot water tank, door to stairwell leading to insulated attic space; dual aspect Principle Bedroom with large picture windows, fitted wardrobes and en-suite Shower Room with walk-in shower, low-level WC, vanity unit with hand wash basin; Double Bedroom with large picture windows, fitted wardrobes; Study/ Single Bedroom with fitted shelves and cupboards, Shower Room with shower cubicle, low-level WC, vanity unity with inset hand wash basin. Door at the end of the corridor leads through to the self contained Annexe comprising Double Bedroom with a wall of fitted wardrobes, cupboard housing the separate water tank, picture windows, en-suite Bathroom with panelled bath, shower cubicle, low-level WC, vanity unit with hand wash basin, heated towel rail, Karndean flooring; open plan, double aspect Sitting Room/ Kitchen with a vaulted ceiling, Velux roof windows, large picture windows, sliding glass doors onto elevated terrace with wrought iron balustrade; fitted Kitchen area with space for free standing fridge/freezer, integrated oven with induction hob over, extractor fan, Karndean flooring.

Mains water and electricity. Part oil fired central heating, part electric heating. Separate meters and hot water tank for Annexe. Double glazing throughout. Lewes District Council Tax Band F. EPC Rating D.

Outside: The property is approached via a shared but privately owned tarmac drive leading up to the garage and car port with ample parking. The garage has an electric up and over door with plumbing for a washing machine and tumble dryer, and a fitted dog bath/ grooming area. Both the car port and the garage have a rear door giving access onto the rear paved walkway and landscaped terraced gardens above.
The gardens are a true feature, surrounding the property on all four sides. To the front and side are areas of terraced garden laid to lawn with mature planting, including shrubs and trees. There are also a variety of fruit trees including fig, apple and pear. The rear terraced garden boasts superb views to the Downs with the primely sited Summer House on the top lawn. There is a substantial wooden garden shed to the side and a partially hidden oil tank.

LOCATION:
Ord is conveniently situated on the outskirts of Lewes and is within easy reach of the town centre. 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, France is approximately 6 miles distant and the famous Glyndebourne Opera House is about 6 miles away on the outskirts of Ringmer. Mainline railway service from Lewes to London Victoria (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

£ 1413075

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
    £ 41875
  • 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

£ 156825
  • 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.

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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.

£

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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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.

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