4 bedroom detached for sale

£500,000 Guide Price

4

Bedrooms

3

Bathrooms

Floorplan

Perfectly positioned to enjoy all the benefits of this vibrant coastal town, Leeway House has been beautifully renovated to a high standard and boasts sea views, spacious accommodation throughout, driveway parking and a rear garden.

Leeway House has been the subject of a masterful renovation project over recent years to create a fabulous home which has been carefully considered for modern-day living. Recently featured in Hello magazine, the property is full of period early 1900s character, which has been enhanced and added to with a stunning interior design scheme throughout, and the layout has been thoughtfully updated. In addition to the styling, recent upgrades include a new distribution board, a rewire, new heritage style radiators and hardware, and the replacement of all three bathrooms. Large rooms sizes, ample bathrooms and a flowing floorplan combine to offer a versatile home which would make a wonderful family residence or a large second/holiday home which can easily accommodate 8 10 guests. Leeway House has operated as a successful holiday let in the past, and so conforms to all regulations, and also offers further potential with the benefit of approved planning permission (IOW Planning Ref : 22/00005/HOU ) to extend the ground floor to provide a 7.5m x 5.5m kitchen/diner with doors to the garden. Accommodation comprises a welcoming entrance hall, a spacious living room which is open-plan to an enchanting snug, a kitchen and dining/breakfast room, with doors to the garden and a walk-in pantry, a useful utility/drying room and a cloakroom on the ground floor, with two large double bedrooms, one of which has an ensuite shower room, and a bathroom on the first-floor, with a further two double bedrooms and an ensuite shower room on the top floor.

Conveniently close to a wide range of amenities, the bustling town centre of Cowes is just a short walk away and offers visitors a mix of wonderful boutique shops, independent restaurants, bars and cafes along with the high-speed Red Jet foot passenger service to Southampton. This vibrant seaside town is a magnet for the sailing community and each year plays host to the world-famous Cowes Week and is also the starting point for the Round the Island yacht race. Situated just one mile from this lovely home is the picturesque, pebble and shingle beach at Gurnard, where wonderful family days out can be enjoyed. Offering safe bathing and some amazing sunset views, the beach also has a large sloped green and childrens play area behind. The towns twin, East Cowes, is reached by chain ferry across the Medina estuary from where the regular Red Funnel car ferry service to Southampton can be found as well as Queen Victorias former residence, Osborne House. Just a 10-minute drive from the property is the Islands principal town of Newport, which also provides a wide range of shops, restaurants and cafes. Regular public transport is within easy reach, with bus stops located on lower Mill Hill Road.

Welcome To Leeway House - With a block paved driveway to the front, a well-presented grey entrance door has attractive stained-glass panelling and is sheltered by a porch canopy, creating a welcoming entrance.

Entrance Hall - extending to 7.26m (extending to 2310) - The entrance hall creates a fantastic first impression, with period features including glorious wide stripped pine floorboards, high ceilings and decorative mouldings and skirtings, and enhanced with heritage style fixtures and a chic neutral colour scheme. Doors lead to the snug and to the kitchen, stairs lead to the first-floor, and there is a useful under-stairs storage area.

Snug - A cosy space, with period grandeur and a large-scale bookcase fitted to one wall. The stripped pine floorboards continue, and flow through an open arch to the living room.

Living Room - 4.09m x 3.63m max (1305 x 1111 max) - The spacious living room is bathed in natural light from a window to the front aspect which features stained glass detailing. The period features continue, and the room is arranged around a characterful chimney breast which is home to a woodburning stove.

Kitchen And Dining/Breakfast Room - A social space at the heart of the home, the kitchen enjoys an open-plan layout which connects to the dining/breakfast room. The kitchen cabinets wrap around to make the most of the available space, with a peninsula dividing the space, and are finished in a soft grey shaker style, complemented with wood-laminate worktops, beautiful tiled splashback and wood-finish flooring. Integrated appliances include an oven and hob with an extractor hood, and the peninsula is home to a dishwasher, inset composite sink with mixer tap and also benefits from feature lighting over. A lobby to the rear of the kitchen provides access to the utility/drying room and cloakroom. The dining/breakfast room is perfectly proportioned to accept a large table, perfect for entertaining, and has French doors which connect seamlessly with the garden. To one end, a newly created walk-in pantry features beautiful vintage glazed doors, and provides an abundance of useful storage and display space.

Utility Room - This handy utility/drying room has space for appliances and there is a Worcester gas combination boiler positioned on the wall. With an opaque-glazed window to the side aspect, this room benefits also from a practical tiled floor, built-in shelving, and a sliding door which opens to a cloakroom.

Cloakroom - Providing convenient facilities for the ground floor level, this useful cloakroom has a modern white suite consisting of a dual flush WC with a shelf above and a rounded pedestal hand basin with a chrome mixer tap and a white tile splashback. The slate tiled floor and light grey wall decor continue.

First Floor Landing - A characterful turning staircase has a neutral stair runner and leads up to the split level first floor landing. Contemporary tones mix with a fresh white balustrade and whitewashed floorboards to enhance the charm, and doors lead to the bathroom and to bedrooms one and three.

Family Bathroom - Located midway upon the split-level landing, this enchanting bathroom enjoys tongue and groove wall and ceiling panelling in elegant coastal hues and beautiful marble-finish floor tiles. The white suite comprises a pedestal basin with heritage style taps and vintage wall lights over, a freestanding slipper style bath and a matching WC. The bathroom also features a window to the rear aspect.

Bedroom One - 4.34m max x 4.11m max (1403 max x 1306 max) - This naturally light and generously proportioned bedroom enjoys a fabulous set of French doors which open to a Juliet balcony to the front aspect, and a wealth of period features including a decoratively patterned ceiling, dado rail, floorboards and a grand, cast fireplace set into a chimney breast. A door leads to an ensuite shower room.

Ensuite - Recently refreshed, the ensuite blends coastal white and blue wall tiles, attractive marble finish floor tiles and heritage style sanitaryware, including a pedestal basin and a matching WC, and a generous shower spans one end of the room.

Bedroom Three - 4.88m into bay x 3.02m max (160 into bay x 911 m - Well-proportioned and light, bedroom three benefits from a box-bay window providing a lovely view over the bustling town with fabulous sea views beyond. A white-painted built-in wardrobe with double doors fills and alcove to the side of a chimney breast which has a charming cast-iron fireplace with a white surround. Bedroom three is finished with crisp white decor with a stylish botanical feature wall and wood panelling, and the whitewashed floorboards flow through from the landing.

Second Floor Landing - Stairs provide access to a second-floor landing which benefits from natural light from a window to the rear aspect, a white balustrade and space for additional furniture. Neutral walls and whitewashed floorboards combine, and doors lead to both bedrooms on this floor.

Bedroom Two - Another spacious bedroom, with wood panelling finished in a fashionable green hue, neutral walls, fabulous floorboards and a chimney breast with a cast fire set in a tiled hearth. A pair of windows look to the front aspect and fill the room with natural light, and doors lead in to the ensuite.

Ensuite - Perfectly proportioned, the recently updated ensuite has a stylish mix of wall tiles and marble-finish floor tiles, a shower to one end of the room, a heritage style pedestal basin and a WC.

Bedroom Four - The fourth bedroom is beautifully presented, with a blue battened feature wall, neutral walls, and a window to the rear aspect with sea views. There is a characterful chimney breast with a cast fire on a tiled hearth, and the room is finished with fabulous floorboards.

Garden - Enjoying lovely sea views beyond the rooftops, a low-maintenance rear garden is accessed via a set of French doors from the rear of the property. A recently refinished dining terrace features composite decking and provides a fabulous spot for alfresco dining. A lower level of terrace creates a perfect seating/lounging area, and leads down to a lower lawn which features a built-in planter and a magnificent mature tree. A side path connects the rear garden to the front.

Parking - The property comes complete with the added bonus of off-road parking for up to two vehicles on a block paved driveway directly in front of the property.

Beautifully presented and extensively upgraded throughout, Leeway House presents a wonderful opportunity to purchase a substantial home in the heart of Cowes. An early viewing with the sole agent Susan Payne Property is highly recommended.

Additional Details - The property could be available fully furnished, subject to separate negotiations.

Tenure: Freehold
Council Tax Band: E (Approx. 2,856.24 for 2024/25)
Services: Gas Central Heating, Electricity, Mains Water and Drainage

The house complies with requirements to be holiday let, including:
Integrated smoke detectors.
CO2 detectors.
Boiler inspection certificate.
Electrical certificate.

Agent Notes:
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures and fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Susan Payne Property Ltd. Company no. 10753879.



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

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£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 415200

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
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    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 12500
  • 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.

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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.

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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

£ 40200
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  • Insurance
    £ 500
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