3 bedroom detached bungalow for sale

£699,000

3

Bedrooms

2

Bathrooms

2

Reception

Floorplan

Enjoying breathtaking and uninterrupted sea views this stunning and beautifully presented detached bungalow boasts an impressive range of features that are sure to appeal to those seeking an idyllic holiday home, holiday let or a combination of the two.

The property is situated in a prime coastal location, just a short distance from the stunning beaches and rugged coastline that Cornwall is famous for. The bungalow boasts three spacious bedrooms, each with engineered wood floors for a contemporary feel, providing ample room for family and guests. The principal bedroom features an en-suite shower room, while a family bathroom provides ample convenience for all. An open plan living room provides a welcoming environment for relaxation and socialising, with polished limestone floors and double doors opening out onto the garden area. A dining room is situated adjacent to the living room, perfect for entertaining guests or hosting dinner parties. The impressive and well equipped kitchen features a generous breakfast area, making it the perfect place to enjoy your morning coffee or a leisurely brunch. The kitchen includes a range of integrated appliances and boasts an abundance of storage and work surfaces for those who love to cook. One of the unique features of this stunning bungalow is the low maintenance patio garden, providing a private and secluded space for outdoor relaxation and entertaining. The garden can be accessed from both the living room and breakfast area, providing a seamless transition between indoor and outdoor living.

The bungalow also features a garage and parking for one vehicle, making it practical for those on holiday as well as those who enjoy outdoor pursuits. Additional features include double glazing, under floor heating, and Solar PV for maximum efficiency and eco-friendliness.

The property is sold fully furnished and equipped as seen, with the added benefit of advance bookings, making it an ideal choice for those seeking a hassle-free holiday home or an investment opportunity. Please note, this property is for holiday home/let use only and cannot be your main residence.

Location
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, and local amenities. 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
3 bedrooms, one with en suite shower room, family bathroom, inner hall, entrance hall, well fitted kitchen with opening to breakfast area and door out to the patio garden. Dining room, living room with doors out onto the patio garden. From all the rear facing room you can enjoy breathtaking sea views.

Gardens
These are low maintenance patio gardens of good size that extend along the rear of the property and around to one side. The gardens offer a high degree of privacy and from all points you have superb views out to sea and over the distant countryside.

Garage and Parking
Just a few yards from the entrance there is a single detached garage with parking for one vehicle to the front.

General Information
Services: Mains water and electricity. Private drainage.
Heating: An air source heat pump provide under floor central heating throughout the property. There are solar panels on the rear section of the roof, these are owned by the property.
Windows and external doors: uPVC double glazed.
For information on the availably of broadband and the strength of mobile phone signals please refer to the Offcom checker.



Council Tax
Band A

EPC Rating
C70

Tenure
Freehold

Restriction on Use
When the property was rebuilt in 2009, as part of the planning permission the council placed a restriction on its use. This means it can only be a holiday home/let and not a main residence but there is no restriction on the amount of time it can be occupied.

The owner has applied to Cornwall Council for this restriction to be lifted and should hear the result of this application by 12 July 2024.

Agents Notes
The property is being sold furnished and equipped as seen together with the benefit of any holiday bookings that have already been taken.

The property is in a private road.



Directions
From our office proceed out of Looe towards Plymouth. After passing the Railway Station on your left the road forks, take the right hand turn signposted Plymouth. Follow this road to the top of the hill and turn right opposite St Martins Church, into Barbican Road. Continue across the Barbican passing Looe Academy and the shops on your right. On reaching the Junior school which is on your left, turn down the side of this into Hay Lane. After a short distance the roads bears to the right, go straight ahead into Plaidy Park Road (Private Road). Follow this passing a small green on your right and as the road bears around to the right go straight ahead, go past the parking area on your right and follow the small lane to a gate, this will be open, drive through and park in front of the detached garage on your left. The property is on your right.

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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: Unknown
Gas: Unknown
Water: Unknown
Sewerage: Unknown
Broadband: Unknown
Telephone: Unknown

Other Items
Heating: Under Floor Heating
Garden/Outside Space: Yes
Parking: Yes
Garage: Yes

New Home: Non New Home
Maximum Area (in sq ms) 134 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

£ 579375

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 17475
  • 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

£ 55125
  • 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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  %
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£
  %

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.

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

£

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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