5 bedroom semi-detached for sale

£825,000 Offers over

5

Bedrooms

3

Bathrooms

Floorplan

Park Lodge is a generously proportioned traditional Stone-Built Semi-Detached Villa boasting flexible accommodation of considerable character and style in the highly regarded East Lothian village of Gullane. Arranged over three floors, it has been sympathetically upgraded and meticulously maintained by its present owners and should appeal to the growing family.

The accommodation comprises, on the ground floor entrance vestibule; broad reception hall; large bay-windowed sitting room with feature fireplace and over-mantel mirror; spacious open plan dining kitchen with Belfast sink and integrated appliances; utility room; cloakroom/WC; French doors to a sunny private terrace overlooking the private rear garden, on the first floor - bay-windowed master bedroom with en-suite shower room; double bedroom 2 with sunny outlook to the rear; double bedroom 3, again located to the rear; generous family bathroom with separate shower enclosure, and on the lower ground floor - double bedroom 4 with en-suite shower room and family room/double bedroom 5. There is also a large cellar storage area/workshop, which is accessed externally to the side of the building.

Gardens

The property occupies a generous plot with mature and well established private gardens. To the front, there is a generous driveway area and mature and easily manageable borders. The sunny private rear garden is mainly laid to lawn and has mature borders, trees and a useful home office to the side. There is also ample space for outdoor furniture for relaxing and entertaining on the timber deck at the foot of the garden, this area enjoying the last of the evening sunshine. The private terrace at ground floor level is also a pleasant place to enjoy an al-fresco drink or meal in the sunshine and provides access down into the garden.

Location

Park Lodge 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 atmosphere. The property is located on Main Street, just a short walk from the village centre with its excellent local amenities, including independent shops, cafs, restaurants, a medical centre 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 area to the front affords off-street parking for four or more cars.

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 partial double glazing.

All fitted carpets and fitted floor coverings, light fittings, integrated kitchen appliances, garden office/summer house and garden shed will be included in the sale.

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

£ 683325

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 20625
  • 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

£ 64575
  • 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.

£

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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