4 bedroom detached for sale

£1,500,000 Offers over

4

Bedrooms

4

Bathrooms

3

Reception

Floorplan

Description: Nestled within the rural area of Vigo, near Bromsgrove, on the outskirts of Blackwell, Hollow Tree Barn is an impressive and truly unique four bedroom barn conversion, situated on a generous plot of approximately one acre. The property, which was originally converted in 1997, has extensive country views to the front and rear, delightful grounds and gardens, a magnificent kitchen/diner, fabulous lounge, an additional reception room, a well-appointed en suite, two separate office buildings providing space to work from home, pool house with heated pool and sauna, gated driveway with a detached garage, electric car charging point and character features throughout including exposed beams.

This stunning and charming property is approached via an electric gated gravel driveway providing ample off-road parking for up to twenty vehicles with access to a car charging point and brick built garage - part of which has been converted into a home office leaving a single garage for storage or car use.

An attractive planted front garden leads to the front door, taking you into the welcoming reception hallway boasting flagstone flooring, French doors out to the rear garden and further doors off to; a downstairs wc with brass fixtures and fittings; lounge with beamed ceiling, solid oak flooring, open fireplace and French doors to the grounds; family room with herringbone flooring; sitting room with newly fitted carpet, brick built fireplace and beams to the ceiling; and the magnificent open plan kitchen/diner with a vaulted ceiling boasting exposed beams, granite work surfaces with a Belfast sink and a Smeg range style cooker.

Also situated on the ground floor are; a handy utility room; modern shower room; and an inner hallway with stairs leading up to the first floor landing.

From the landing, doors lead off to the bedrooms all enjoying newly fitted carpets, including; the stunning master bedroom with a vaulted ceiling, fitted wardrobes and a well-appointed en suite bathroom with a integrated television and both a freestanding bath and a separate shower enclosure; double bedroom two with a vaulted ceiling and built-in wardrobes; bedroom three - currently used as a dressing room with built-in wardrobes; and a modern shower room.

Further stairs lead directly up to bedroom four with exposed beams to the ceiling.

Outside, the property enjoys a generous plot of approximately one acre, in addition to the family home there is also a pool house enjoying a sauna, changing rooms, a shower room and an indoor heated swimming pool with four sets of French doors opening to a good sized patio overlooking an extensive lawn; a home office/gym with a feature roof lantern, lighting and power; and a detached triple garage which has been partly converted into a further home office with a vaulted ceiling and herringbone flooring, leaving a single garage for storage or car use.

The grounds boast a smaller garden to the rear of the property with a paved patio and lawn with a mature Cherry Blossom tree, plus a larger garden to the front, with a large paved patio, extensive lawn and views across to the rural surroundings.

The property is situated in the rural area of Vigo, which is within near distance of Bromsgrove, Barnt Green & Blackwell, offering a range of convenience stores, supermarkets, restaurants, leisure centres, outstanding schools, and other services including doctor and dentist surgeries, a library and a popular golf club. In addition, there is access to the motorway network via M5 (junctions 4 and 5) and M42 (junction 1).

Room Dimensions:

Reception Hallway 11' 9" x 16' 8" (3.59m x 5.10m)

WC 7' 9" x 3' 10" (2.38m x 1.18m)

Family Room: 10' 11" x 8' 1" (3.35m x 2.47m)

Lounge: 17' 4" x 14' 11" (5.29m x 4.57m)

Sitting Room: 14' 4" x 14' 11" (4.38m x 4.57m) max

Kitchen/Diner: 26' 8" x 10' 5" (8.15m x 3.18m) max

Utility Room: 12' 7" x 5' 1" (3.85m x 1.56m) max

Shower Room: 9' 0" x 4' 3" (2.75m x 1.30m) max

Stairs To First Floor Landing

Master Bedroom: 17' 4" x 15' 0" (5.30m x 4.58m) max

En Suite: 9' 6" x 8' 1" (2.91m x 2.47m)

Bedroom Two: 14' 11" x 14' 4" (4.56m x 4.39m) max

Bedroom Three: 11' 8" x 8' 5" (3.58m x 2.58m)

Shower Room: 8' 1" x 8' 8" (2.48m x 2.65m) max

Bedroom Four: 9' 11" x 12' 6" (3.04m x 3.83m)

Garage: 15' 2" x 9' 6" (4.64m x 2.92m) max

Study: 15' 7" x 18' 11" (4.76m x 5.77m)

Office: 12' 7" x 19' 6" (3.86m x 5.95m)

Swimming Pool 55' 3" x 17' 7" (16.85m x 5.38m)

SHOWER ROOM / CHANGING ROOM : 8' 2" x 9' 3" (2.50m x 2.82m)

SAUNA: 7' 3" x 4' 7" (2.23m x 1.41m)

WC 7' 11" x 3' 1" (2.43m x 0.96m)

Nearest Stations:

1.78 miles
Bromsgrove
1.85 miles
Barnt Green
2.03 miles
Alvechurch
3.61 miles
Redditch
4.28 miles
Longbridge

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

£ 1256450

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
    £ 37500
  • 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

£ 131450
  • 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

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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