10 bedroom guest house for sale

£435,000

10

Bedrooms

A superb large 10 bedroom Grade II Listed Georgian 4* Guest House situated in the centre of Haverfordwest town with latest turnover figures showing in excess of 80,000 per annum with a very healthy net profit. Great opportunity for a new owner to live in a spacious, character house whilst earning a very good living from letting out the rooms. 9 of the bedrooms (all ensuite) are on the first and second floors. There is separate owners living accommodation to the rear of the house with off street parking to the front (very useful in the centre of town) and a courtyard garden to the rear. Space....Character......Income.....Central Location....this property has them all !

Ground Floor

Description

College Guest House was built in 1837, it is a 3 storey Grade II listed Georgian town house still retaining many of its original features, such as ornate coving and wooden shutters to first floor, with strip pine doors and impressive staircase.

Accommodation

Entrance via front door into:

Entrance Hall (8.25m x 7.75m)

L-shaped max. With staircase to upper levels, 2-phase fire alarm board, two radiators, emergency lighting, door to:

Guest Breakfast Room (7.26m x 4.72m)

Lovely high ceilings with 3 Victorian pendant lights, parquet flooring, TV point, doors to front with glazed panels over and to either side, smoke alarm, fire alarm and emergency lighting, access to cellar which houses the gas fired boiler, service meters, a spring well and general storage, door to:

Commercial Kitchen (3.43m x 2.57m)

With 5 ring gas cooker with electric oven and extractor hood over, stainless steel sink/drainer and work surfaces, 2 fridges, dishwasher, door to rear, extractor fan, door from hall to:

Guest Lounge / Bedroom 6 (5.74m x 4.85m)

With 2 sash windows to the front, TV point, telephone point, radiator, ceiling light and fan.

Bathroom

With shower cubicle, WC, wash hand basin, extractor fan, light/shaver socket.

Inner Hallway

Giving access to:

Owners' Accommodation

Briefly comprising:

Office (3.02m x 2.51m)

With slate flooring, 2 windows to side, 2 telephone points, ample power points, door to:

Dining Room (5.69m x 4.71m)

With slate flagstone flooring, 2 windows to side, CCTV system control unit, smoke alarm, door to:

Lounge (5.87m x 5.54m)

With 2 sash windows to side, TV point, door to hallway, gas fire, radiator, door to:

Kitchen (6.55m x 2.92m)

With a range of wall and base units, ceramic 1.5 bowl sink/drainer unit, TV and telephone points, space for range cooker, heat detector, spot-lighting, multi-fuel burner, oak flooring, doors to rear garden.

Utility Room (4.32m x 1.73m)

With commercial washing machine and tumble dryer, space for chest freezer, tiled flooring, door into:

Cloakroom (1.91m x 1.78m)

With obscured glazed window to side, wash hand basin, WC.

First Floor

First Floor

Accessed via staircase in hallway and giving access to landing area with doors to:

Bedroom 5 (4.19m x 3.63m)

With sash window to rear, TV point, radiator, ceiling light/fan, door to:

En-Suite Shower Room (4.17m x 1.83m)

Fully tiled with shower cubicle, WC, wash hand basin, heated towel rail

The Letting Rooms

All the letting rooms have been renovated to a high standard and have successfully combined character with comfort. Rooms comprising:

Bedroom

With sash window to the front, TV point, radiator, smoke alarm, door to:

En-Suite Shower Room

With shower cubicle, WC, wash hand basin, shaver socket, extractor fan.

Bedroom 7 (8.33m x 2.62m)

With kingsize bed, window shutters.

Bedroom 7 En-Suite

With shower cubicle, wash hand basin, low level flush WC.

Bedroom 8 (7.8m x 2.29m)

With window shutters.

Bedroom 9 (6.88m x 3.45m)

incl. en-suite. With window shutters.

Bedroom 10 (8.31m x 3.61m)

Incl. en-suite. A family room with double bed, single bed, bunk beds and fridge, windows to both front and rear.

Second Floor

Staircase to 2nd Floor

Accessed from 1st floor landing via half-landing with window to side, radiator and on to 2nd floor landing with 2 Velux roof windows, fire alarm, emergency lighting, radiator, fire escape to rear, doors to 2nd floor letting rooms including:

Bedroom 4

With sash window to the front, door to:

Bedroom 4 En-Suite

With low level flush WC, shower cubicle, pedestal wash hand basin.

Bedroom 3

With sash window to the front, door into:

Bedroom 3 En-Suite

With low level flush WC pedestal wash hand basin, shower cubicle.

Bedroom 2

With sash window to the front, door to:

Bedroom 2 En-Suite

With low level flush WC, pedestal wash hand basin, shower cubicle.

Bedroom 1

With sash window to the front, door into:

Bedroom 1 En-Suite

With low level flush WC, corner shower cubicle, pedestal wash hand basin.

Exterior

Externally

The property is approached via a tarmacadam driveway which has parking for 2 cars. There is additional free parking on St Thomas Green opposite. On-street parking is also available. The gardens to the front are mainly laid to lawn with mature trees and shrubs. To the rear there is an enclosed, private garden which is paved with pergola, decking and pond. There is also a shed which has power and lighting connected. There is also a hayloft annexed to the main house. To the side of the house there is a path with a pretty flower border which leads to a utility storage area and the fire escape staircase. There is access around the adjoining property for fire escape purposes.

General Information

Viewings: Strictly by appointment via the agents, The Smallholding Centre or our sister company,Houses For Sale in Wales.

Tenure: Freehold

Services: Mains water, drainage & electricity

Council Tax Band: (owners accommodation) - A, Pembrokeshire County Council.

Business Rates: Rateable Value: 7,300.00

Directions

From Castle Square in Haverfordwest, turn left onto Quay Street. Follow the road up Union Hill, along Winch Lane and down Upper Market Street. Turn left by the Palace Cinema, continue along Hill Street and College Guest House is on the right-hand side, just before the junction onto St Thomas Green.

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

£ 361575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 10875
  • 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

£ 35325
  • 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

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  %

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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