4 bedroom barn conversion style home- for sale

£490,000

4

Bedrooms

3

Bathrooms

1

Reception

Floorplan

A rural, four-bedroom barn conversion just outside of the popular village of Brandesburton. This bungalow style property is over 2100 sq ft, sitting on a plot of around 0.4 acres.The property was developed by the current owners using some elements of the former agricultural buildings that occupied the site. A particular feature is the large living space with vaulted ceiling and exposed beams as well as the energy efficiency as a result of a Ground Source Heat Pump, solar panels and battery storage. There is also the potential to separately purchase the adjoining outbuildings and a parcel of land of approximately one acre that adjoins the garden from a neighbouring property owner. A superb opportunity for a buyer looking for something a little different with lots of space in a rural setting.

The property was completed in 2015 and has been carefully thought out and attractively finished. The nearly 750 sq ft living space of The Fold is flooded with light due to windows to 3 aspects including the roof. It is currently arranged to provide 3 distinct areas, a study area, sitting area and dining area. Different purchasers will all wish to use it in their own particular way, but it provides a fantastic entertaining space with 2 sets of doors giving access to the garden along with the bifold doors in the adjoining kitchen allowing for great circulation among your guests. The kitchen is spacious and could comfortably accommodate a large dining table in its own right. There are 4 double bedrooms, of which the master and guest bedroom are en suite. There is also a smaller room which could be used as a 5th single bedroom or study. There is a house bathroom and a utility/cloak room. The accommodation benefits from underfloor heating and double glazing. Features such as 5kW solar panels with 17.4kWh battery storage and the EV charging point will all help with energy efficiency. Outside is to be found a gravelled parking area at the front of the property and a good sized lawned garden embracing two sides of the house. There is further parking available behind the property.

We have been informed that the owners of the adjoining property, Barff House, may be willing to sell the stables and storeroom that adjoin The Fold as well as the almost 1 acre of paddock that stretches from the garden of The Fold towards Hempholme Lane. The buildings may provide garaging and other storage space after conversion (subject to necessary permissions) and would include the area of hardstanding adjacent to them which is similar in size and shape to that at the front of The Fold. Please enquire for further information. Please note that this would be a separate purchase and is not included in the sale of The Fold.

Only a full internal inspection will allow you to properly appreciate all that the property offers and its rural location, however a review of our 360 degree tour will provide a useful overview in the first instance.

LOCATION


The property sits just to the west of the sought after East Yorkshire village of Brandesburton which is itself north east of Beverley and west of Hornsea. Brandesburton provides a useful range of amenities including a primary school, convenience store, 2 pubs, fish and chip shop, Berts (an Italian restaurant) and a golf course. Further local amenities are available in nearby Leven and at a further distance, Hornsea and Beverley. The location provides great access to the east Yorkshire coastline. The Fold is accessed via a right of way across the access to Barff House off Mill Lane by following the postcode YO25 8LX and the turning is located at the What3Words location: ///poppy.crunched.cake.


ACCOMMODATION


Entrance Hall - built in cupboard.

Utility/Cloak Room - plumbing for washing machine and heat exchanger.

Living Room - a fabulously spacious room nearly 750 sq ft with windows to two sides, velux style windows to ceiling, French windows to garden, exposed roof timbers, some exposed brick work and a timber floor. Opening onto..

Kitchen - a spacious room with a range of base level farmhouse style kitchen units with a wooden worktop. Bifold doors opening onto the garden and a timber decked area, exposed roof timbers, an exposed brick wall, timber floor, window, electric cooker point and plumbing for dishwasher.

Inner Hallway - timber flooring and two velux style windows to ceiling providing natural light.

Master Bedroom - a spacious double bedroom.

En Suite Shower Room - a three piece modern suite in white with shower unit, low flush WC and hand basin inset to a vanity area with storage under.

Guest Bedroom - a smaller double bedroom.

En Suite Shower Room - with a three piece suite including shower unit, low flush WC and wash hand basin.

Bedroom - a double bedroom.

Bedroom - a double bedroom.

Study/Bedroom 5 - a study or single bedroom with a built in cupboard and velux style window.

Bathroom - a bathroom with modern thee piece suite comprising: freestanding bath with shower attachment, low flush WC and wash hand basin with vanity unit and storage under.


OUTSIDE


Front - to the front of the property there is a gravelled area of car hardstanding with space for a number of cars, an EV charging point and post and rail fence to perimeters.

Garden - there is a good sized lawned garden to the east and south sides with a large area of timber decking, fence and hedging to perimeters and a timber shed.

Additional parking - on a gravelled area to the rear of the property.


Heating and Insulation:Heating is via a Ground Source Heat Pump and underfloor heating. There are solar panels and battery storage. The property has double glazing and is well insulated.

Services: Mains water and electricity are connected to the property. There is a septic tank. None of the services or installations have been tested.

Council Tax: Payable to the East Riding of Yorkshire Council. The property is shown in the Council Tax Property Bandings List in Valuation Band 'E' (verbal enquiry only).

Tenure:Freehold. Vacant possession upon completion.

Viewings: Strictly by appointment with the agents Beverley office. Tel: (01482) 866844.



Features
  • Freehold

Nearest Stations:

4.62 miles
Arram
5.48 miles
Hutton Cranswick
6.28 miles
Beverley
7.37 miles
Nafferton
7.72 miles
Driffield

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

£ 406950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 12250
  • 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

£ 39450
  • 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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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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