3 bedroom detached for sale

£1,150,000

3

Bedrooms

3

Bathrooms

4

Reception

Floorplan

Occupying a prime coastal position in one of the most sought after locations in Looe, this substantial detached property has panoramic sea views from all the principal rooms and the gardens. The accommodation, which is extremely spacious throughout has the added benefit of planning permission granted to extend and enlarge should it be required. Situated between the Barbican and Plaidy, on the lower section of Bay View Road, this unique property offers three first floor bedrooms each with its own generous en suite shower room and far reaching sea views taking in Rame Head and beyond, on a clear day. From the first floor landing there is also a door to the outside and a large relaxing patio, again with sea views. On the ground floor, the main hall provides access to most rooms and these include a visitors cloakroom, magnificent lounge with fireplace and doors to an external balcony overlooking the sea. The dining room can be accessed from the lounge or kitchen and this has a picture window so as to take full advantage of the views. From the dining room you enter a cinema room complete with screen and sound system, sea views, and a door to the outside, as well as a shower room. The kitchen is an absolute haven for anyone who enjoys entertaining, it is comprehensively fitted and finished with a central island. Leading off the kitchen there is a laundry room and a large integral workshop which could be easily brought into the main accommodation. On stepping outside you are greeted by pleasant gardens on various levels with areas of patio, lawn and decking. From the patio at first floor level there is a feature waterfall that cascades into a pond on the lower level patio. From nearly every part of the garden there are breathtaking views out to sea taking in Rame Head to the East and Looe island to the West. From Bay View Road there is a drive that provides parking for 2/3 vehicles and this leads to a double garage with pedestrian door to the garden. Within a relatively level walk from the property you will find a range of local amenities as well as the Wooldown, an open amenity area overlooking the sea. The main town, harbour and beach are just a little further but accessible on foot for those that are moderately fit.

Situated on the south coast of Cornwall, Looe is a historic, picturesque, and magical fishing town with quaint old buildings, narrow twisting streets, smugglers taverns, fine restaurants and a wonderful sandy beach with shallow seas and a wealth of rock pools. Divided into East and West by a seven arch bridge and the Looe River, the main town is on the eastern side and offers a diverse range of shops, good facilities, local amenities and excellent schools. The safe bay and estuary are a favourite with holiday makers as well as sailing, motorboat, and water sports enthusiasts, whilst the activities of the fishing fleet are a constant fascination to all. Looe is easily reached by the M5/A38 and is served by a scenic branch railway from Liskeard that connects through to Plymouth and from here to the rest of the UK.

Accommodation
Ground Floor: Hall, cloakroom/wc, kitchen, laundry room, lounge, dining room, cinema room, shower room, workshop/reception room.
First Floor: Landing with doors off to three double bedrooms each with its own en suite shower room.


Gardens
These are generous in size and consist of lawns and patios with flower beds and borders containing a variety of shrubs. Ornamental pond with waterfall cascading from the patio above. From almost every part of the garden there are panoramic sea and coastline views.

Garage and Parking
Large garage with door to the front and pedestrian door to the rear. Hard standing for 2/3 vehicles on the drive.

Utilities
Services: Mains water, electricity, drainage and gas
Heating: Gas central heating to radiators.
Windows: uPVC double glazed.
Broadband and land line connected.
For information on the strength of mobile phone signals please refer to www.offcom.org.uk


Tenure
Freehold

Council Tax
Band G

EPC Rating
D57

Restrictions and Access
There is level access to the property from the parking area and garage. There are steps within the gardens to gain access to the first floor patio area.

Flood Risk
The property is not in flood zones 2,3, or 3b. (source Cornwall Interactive Mapping)

Planning
The register shows a planning application made on 4 February 2019 for a Ground Floor Annexe Extension, 2 Storey Extension, First Floor Extension, Roof Dormers, Balconies, Demolition of garage and garage extension and new parking areas, which was approved with conditions. Some of this work has been carried out.
Source: www.cornwall.gov.uk



Directions
From our office proceed along Station Road passing the doctors surgery and train station on your left hand side. Continue along and take the right hand junction heading towards Plymouth. Proceed up the hill and take the second right into Barbican Road. Continue along this road passing Looe Academy and the parade of shops on your right hand side. Where the road divides keep left and follow this, after a few hundred yards you will enter a private road, Bay View Road. Follow this and take the first turning right, where you will find Boulders is immediately on your right. Pull onto the drive and a member of staff will meet you by the garage.






Notice
IMPORTANT NOTE: Messrs Seasons Estate Agents Ltd for themselves and for the vendors or lessors of this property whose agents they are give notice that: these particulars are set out as a general outline only for the guidance of intended purchasers or lesses, and do not constitute part of, an offer or contract; all descriptions, dimensions, floor plans, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; no person in the employment of Messrs Seasons Estate Agents Ltd has any authority to make or give any representation or warranty whatsoever in relation to this property.

Utilities
Electric: Mains Supply
Gas: Mains Supply
Water: Mains Supply
Sewerage: Mains Supply
Broadband: ADSL
Telephone: Landline

Other Items
Heating: Gas Central Heating
Garden/Outside Space: Yes
Parking: Yes
Garage: Yes

New Home: Non New Home
Maximum Area (in sq ms) 233 sq ms

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

£ 950200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 28750
  • 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

£ 87700
  • 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

£
  • 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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