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10 Eastgate, SY23 2AR
£1,100,000 OIRO
Bedrooms
Bathrooms
Reception
Approached via a country driveway, the imposing 19th-century Old Mill stands proudly in a naturally sheltered valley, just meters from Hazel Beach. This grand four-storey former steam mill exudes character and charm.
Inside, the mill spans four floors, each offering a unique blend of original features and modern updates. The ground floor is home to a welcoming vestibule, utility space, bathroom, and guest bedroom. A custom-made staircase leads up to the first floor, where the main living areas feature a high-specification kitchen, dining space with large windows and a Juliet balcony that draw the outdoors in.
Moving upwards, you will discover the living room which is anchored by a grand reclaimed marble open fire, adding both elegance and warmth to the room. The space is perfect for cosy evenings for the whole family to socialise.
The upper floors provide three spacious bedrooms, each with mezzanine levels adding versatility and style. The master suite enjoys picturesque views over the surrounding landscape and estuary, along with an en-suite bathroom and walk-in dressing area. Additional spaces throughout the home include a private study and sitting rooms, with features including exposed stonework, original beams, and custom stained glass enhancing the propertys charm.
In addition to the main house, there is a separate annexe currently used as a successful holiday let. This annexe offers three large bedrooms and can easily be connected to the main property by opening the existing doors, providing flexibility for multi-generational living or increased rental income.
The expansive 3.75 acres of land present a wealth of opportunities for further development, whether for additional accommodation, outdoor leisure facilities, or other ventures. There is further potential for eco pods on the surrounding land, offering the potential for another income stream in addition to the existing holiday let annex. Importantly, as the property is not listed, there is greater flexibility to make improvements, allowing the new owner more freedom to adapt the space to their vision while preserving its unique charm.
Residents of the property are also entitled to join the Hazelbeach Boat Club, which offers direct access to boat moorings, a private slipway and secure storage for watercraft. Membership also provides a vibrant social scene making it ideal for both boating enthusiasts and those seeking a close-knit coastal community.
Bespoke features from local craftsmen give this home a truly unique feel. A perfect blend of history, craftsmanship, and modern living, this restored mill offers an exceptional lifestyle in a serene setting, with room to grow.
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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