2 bedroom Cottage for sale in Totland Bay

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A fantastic opportunity to acquire a two bedroomed part rendered and weather board clad cottages, in the popular coastal retreat of Colwell Bay. The cottages are very well suited for investment propositions, with a fixed NET return of 7% per annum for the first 3 years of ownership, with a four weeks personal use a year. The cottages benefit from being fully furnished with Hot Tub, outdoor furniture and barbeque included. All the cottages are served with gas fired central heating and UPVC double glazing. Colwell Bay is one of many picturesque beaches in Western point of he Island, offering spectacular views back across the Solent to the mainland. It is a small, easily-accessible beach on the north-west coast, with clear, calm waters and gently sloping sand and shingle, making it an ideal beach for swimming.This is a popular family beach, with a traditional seaside cafe just before you reach the beach, and beach hut shops.

PROPERTY SUMMARY ENTRANCE HALL Composite half glazed front door, Oak effect Karndean flooring, ceiling pendant light. LIVING ROOM 16' 8" x 12' 2" (5.1m x 3.72m) Double glazed French doors with upvc side windows, Oak effect Karndean flooring, ceiling spot lights, radiator, TV, telephone and power points, opening to:- KITCHEN 8' 10" x 5' 10" (2.7m x 1.8m) with range of base and eye level wall units, natural stone work surfaces, fully integrated Lamona fridge freezer, Lamona washing machine, slimline dishwasher, Lamona single oven, 4 ring Lamona gas hob with extractor, Lamona sink with swivel mixer tap, tiled splashbacks, double glazed window, ceiling sp... Read more

A Selection of Two Bedroomed Cottages	Ideal Investment Opportunity 7% Return
High Specification Finish	Onsite Facilities
Stunning Beaches within 300 Meters	Fully Furnished
Car Parking Facilities	Garden

epc

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Representative example A mortgage of £202,784 payable over 23 years, initially on a fixed rate until 30/09/19 at 1.30% and then on a variable rate of 3.89% for the remaining 21 years would require 26 payments of £850.04 and 250 payments of £1,086.74. The total amount payable would be £294,896 made up of the loan amount plus interest (£91,002) and fees (£1,110). The overall cost for comparison is 3.5% APRC representative.

Lender	Scheme Type	Initial Rate	Subsequent Rate	Overall Cost for Comparison (APR)	Arrangement Fee	Help With Costs	Early Repayment Charges	Early Repayment Details	Monthly Payment	LTV

Lender	Scheme Type	Initial Rate	Subsequent Rate	Overall Cost for Comparison (APR)	Arrangement Fee	Help With Costs	Early Repayment Charges	Early Repayment Details	Monthly Payment	LTV

Lender	Scheme Type	Initial Rate	Subsequent Rate	Overall Cost for Comparison (APR)	Arrangement Fee	Help With Costs	Early Repayment Charges	Early Repayment Details	Monthly Payment	LTV

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Town & Country Southern

Town & Country Southern

Drayton

Portsmouth

Hampshire

PO6 2AA

United Kingdom

Tel: 02393 277 288
E-Mail: sales@townandcountrysouthern.co.uk

Isle Of Wight, Hampshire

Town & Country Southern