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£500,000
Bedrooms
Bathrooms
This elevated, previous bed and breakfast has ample opportunity as a family home or potential business use as a bed and breakfast as it was formerly, sat within ample grounds and a short walk from all Looe has to offer.
The accommodation is set over three floors and includes an entrance porch, hallway, lounge, dining room kitchen, downstairs WC, whilst to the first floor there are three good bedroom, and family bathroom. In addition the property further benefits from an upstairs self contained flat UPVC double glazing and delightful views towards the river, central heating, a spacious outside area and ample parking, scope for further development subject to planning. Freehold, Council tax band D
EPC to be Confirmed.
Situation - The property is located within a very short walk of Looe and all its facilities. Looe straddles the wide river with its prominent bridge and stone harbour side and remains as important today as a commercial fishing facility meaning the town and its facilities operate 365 days a year. There is a thriving tourist industry and the town is popular with boating enthusiasts. It provides a wide range of shopping and community facilities. Looe Community Academy and Primary school combine to offer excellent educational facilities to the area for all ages. On the edge of the town is a branch line railway station which links with the main line at Liskeard (Plymouth to Paddington 3 hours). The coastline to either side of Looe is beautiful and unspoilt, easily accessible via the South West Coast Path which is literally less than 10 minutes walk from the property. There are excellent bathing beaches and a wide network of footpaths and bridleways in the vicinity.
Porch - Double glazed entrance door, door into Wc and further door in to hallway
Hallway - Stairs rising to the first floor, radiator doors into lounge and kitchen.
Lounge - 4.7 x 3.3 (155" x 109") - A spacious light lounge with double Glazed window, carpet, ceiling light and radiator.
Sun Room - 3.4 x 3.3 (111" x 109") - A delightful room with dual aspect windows, double opening doors to the front, carpet, ceiling light and radiator.
Kitchen - 3.4 x 3.1 (111" x 102") - With a range of base and wall units, rolled edge work tops, stainless steel sink space for white goods, Aga ( to be confirmed if staying) space for white goods, window to the side aspect and door to the rear.
Dining Room - 3.1 x 2.7 (102" x 810") - From the kitchen, window to the front aspect, ceiling light and radiator.
Landing - Stairs from the hallway lead to the first floor landing with window to side aspect, storage cupboards and ceiling light.
Bathroom - A modern fitted bathroom with panel bath and mixer shower over, pedestal sink, heated towel rail, low level Wc, mostly tiled and window.
Bedroom - 3.3 x 2.9 (109" x 96") - With double glazed window, fitted wardrobes, ceiling light and radiator.
Bedroom - 4.0 x 2.9 (131" x 96") - With double glazed window, fitted sink unit, ceiling light and radiator.
Bedroom - 3.2 x 2.6 (105" x 86") - Dual aspect double glazed windows, sink, ceiling light and radiator.
Top Landing - Accessed from the first floor landing,
Top Flat - 3.7 x 2.9 (121" x 96") - Dual aspect double glazed windows, one with delightful views looking towards the river, kitchen with base and wall units and stainless steel sink, wall lights and radiator.
Bedroom - 3.6 x 2.5 (119" x 82") - Double glazed window, sink unit, radiator and ceiling light.
Shower Room - Built in shower and cubicle, sink unit, Wc and double glazed window.
Garage - Garage with up and over door, and further side door.
Outside - The property sits on a good sized plot and there is potential subject to planning consents to either extend further or the possibility of a further dwelling.
Currently the property is accessed via a sloping driveway, which opens to a good sized parking area for several vehicles. There are further sloping mature grounds with a mix of mature trees and bushes.
A further paved patio area to the far side of the parking area. From the parking area steps lead to the main entrance door, however the previous occupants accessed the property from the rear kitchen door,
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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