3 bedroom detached bungalow for sale

£525,000 Offers over

3

Bedrooms

2

Bathrooms

Floorplan

Lindismuir is a 3 bedroom detached bungalow that would benefit from modernisation. The home is situated in a quiet position in the highly desirable residential area of Gullane and benefits from front and rear gardens, driveway and garage.

The accommodation comprises, on the ground floor entrance hall with cupboard off; large sitting room with French doors to the sun room; dining room with bay window; kitchen; breakfast room; pantry; utility room; master bedroom with en-suite bathroom; double bedroom 1 with built in wardrobes; double bedroom 2 with built in wardrobes and en -uite shower room; double bedroom 3 with mezzanine/study area.

Garden

The property is surrounded by generous and beautifully established gardens, offering a peaceful and private setting. To the front, a charming pathway leads through a colourful display of mature shrubs, flowering trees, and hedging, providing a welcoming sense of seclusion from the road. The front garden is mainly laid to lawn and framed by well-stocked borders, with a feature archway adding character and visual interest.

The garden continues around the side and to the rear of the house, where it opens into a wonderfully sunny and expansive lawn bordered by a rich variety of trees, including lilacs and evergreens, along with neatly maintained flowerbeds and hedging. The outdoor space benefits from excellent natural light throughout the day and offers ample scope for relaxing, entertaining, or future landscaping enhancements. A true highlight of the property, the garden provides a tranquil escape within the heart of Gullane.

Location

Lindismuir is ideally positioned in the heart of the sought-after coastal village of Gullane, renowned for its stunning beaches, world-class golf courses, and relaxed village atmosphere. The property enjoys a peaceful setting on Broadgait, just a short walk from the village centre with its excellent local amenities, including independent shops, cafs, restaurants, and a well-regarded primary school.

Gullane is a golfers paradise, home to several prestigious courses, most notably the world-famous Muirfield Golf Club, which lies just over half a mile from the property. Equally appealing is the proximity to Gullane Beach, one of East Lothians most beautiful stretches of coastline, only a 10-minute walk away, offering expansive sands, scenic dunes and breathtaking views across the Firth of Forth.

Perfectly placed for enjoying East Lothians outdoor lifestyle while still being within easy commuting distance of Edinburgh, Gullane offers the best of village living with the convenience of excellent transport links nearby.

Parking

A driveway offers practical access to the garage and additional off-street parking, along with unrestricted on-street parking.

School Catchments

The property is in the catchment area for the highly regarded Gullane Primary School and North BerwickHigh School.

Fixtures, Fittings and Services

The property benefits from gas central heating and double glazing throughout.

The property is sold as seen and no warranties can be provided regarding the condition of the fixtures and fittings.

Viewings

Initially via the 360 virtual tour then by appointment only with Truscott Property.

Council Tax Band G

Tenure - 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

£ 435825

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
    £ 13125
  • 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

£ 42075
  • 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

Adjust these figures

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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

Adjust these figures

  %

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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