Cottage a golden opportunity for first-time buyers
It might not be your dream house but why pay rent when you can own a cottage that’s close to town and priced to sell.And at the top of your driveway are magnificent views of the North Shore.Overview Cottage is just perfect for a first-time buyer or creative property investor.Listed with Fiona Hatfield and Coldwell Banker Bermuda Realty, two-bedroom, one-bathroom Overview Cottage is offered for sale at a price $350,000.And Ms Hatfield has done the math:With a 20 percent down payment ($70,000), a 30-year mortgage at the current interest rate of 6.5 percent, you would have an approximate mortgage payment of $1,770 a month.(Closing costs are an estimated $5,850 (mortgage fees) and $7,050 (conveyance fees).It is located at 18 Overview Hill, off North Shore west, Pembroke.The quaint little cottage just needs a little TLC from you and some upgrading, but overall, it offers comfortable living space and a yard.The kitchen comes with linoleum floor tile and wood cabinets.The dining room has its original wood flooring and extends into the living room (wood flooring under carpet).Just outside is a nicely resurfaced porch.Separated by a bath with single sink vanity and storage cabinet are two bedrooms with carpeting (wood floor underneath).The cottage has a detached laundry room and small concrete patio, and a large and full Bermuda cherry tree!With a little landscaping and cosmetic work, the overall value should significantly increase.For more information or to view contact Fiona Hatfield at 441-247-1813 or fhatfield@brcl.bm.For more photos and video see our website at www.royalgazette.com and click on the Homefinder tab at the top.