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£700,000 Offers in excess of
Bedrooms
Bathrooms
Scott & Stapleton are privileged with instructions to offer for sale another landmark property situated in the heart of Leigh on Sea.
This magnificent Victorian Villa has been in the current family for over 65 years and belonged to one of the last real Leigh characters. Ken Paddy French was a true hero and proper old fashioned eccentric, being a former Spitfire pilot in World War II and would think nothing of scaling the outside of the house to carry out his own repairs to the roof.
The property has unfortunately now fallen in to disrepair but retains many original features such as the ornate stair case & fireplaces although is in need of complete refurbishment and modernisation and has some evidence of structural movement. It does however occupy a stunning, elevated plot with a charming secluded garden and superb views over Two Tree Island and the Estuary and has huge potential.
The current property comprises of 5 good size bedrooms, 2 large reception rooms, good size kitchen and large loft. This property could be refurbished and/or extended to provide a substantial family home. Alternatively the property could be demolished and a brand new, extremely large detached house could be erected for owner occupiers.
The property is located within the ever popular Leigh conservation area so all options would be subject to the usual planning permissions.
Ideally situated for all amenities with Leigh Broadway, station & Old Town within short walks this is a truly unique opportunity for an owner occupier or developer to build a true Leigh legacy.
Offered with vacant possession & no onward chain, an early inspection is strongly advised.
Accommodation Comprises -
Entrance Porch - 1.85m x 1.37m (61 x 46) -
Entrance Hall - 3.58m x 1.91m & 4.09m x 1.32m (119 x 63 & 135 x -
Lounge - 4.47m x 3.68m (148 x 121) -
Dining Room - 4.65m x 3.25m (153 x 108) -
Kitchen/Breakfast Room - 5.18m x 3.48m (17 x 115) -
Utility Room - 2.01m x 1.63m (67 x 54) -
Landing -
Cloakroom - 2.03m x 1.57m (68 x 52) -
Bedroom 1 - 4.62m x 3.71m (152 x 122) -
Bedroom 2 - 4.67m x 3.25m (154 x 108) -
Bedroom 3 - 3.05m x 2.31m (10 x 77) -
Bedroom 4 - 3.86m x 2.64m (128 x 88) -
Bathroom - 1.96m x 1.93m (65 x 64) -
Further First Floor Room - 3.48m x 1.96m (115 x 65) - We understand that this room has structural defects.
Loft - 6.78m x 5.49m (223 x 18) -
Externally - The property occupies an impressive road frontage with brick retaining wall and steps leading up to the house.
Rear Garden - Tiered rear garden with many sheds & greenhouses. In need of clearing in a current overgrown state. The rear garden extends to approx. 40 x 80.
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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