3 bedroom cottage for sale

£460,000

3

Bedrooms

2

Bathrooms

Floorplan

Andrew Cowen Estate Agent proudly present to the market this STONE BUILT, 18TH CENTURY, STONE BUILT COUNTRY COTTAGE offering THREE GOOD SIZED BEDROOMS nestled adjacent to the village of HACKNESS. The property OOZES CHARACTER AND CHARM, boasting OFF STREET PARKING and an ENCLOSED LAWNED GARDEN WITH PATIO TO THE REAR.

From the entrance hall, the property comprises in brief; spacious, open plan country kitchen with high quality, wall and base units topped by solid oak wood work surfaces, benefiting from quality fittings including an Astini Belfast Sink and Lacanche Range Master cooker. There is also a utility room off the kitchen, great for hosting household appliances, as well as a separate downstairs cloakroom with downstairs W/C. The lounge overlooks the front aspect and boasts a feature fireplace with multi fuel burner, with the dining room also having the added benefit of a further multi fuel burner. Double doors provide access into the bespoke, oak garden room with plenty of light flooding through, overlooking the rear garden.

To the upper floor, there are three, good sized bedrooms, all benefitting from country oak doors, with the master bedroom benefitting from a modern en suite, with a walk in double shower. The second bedroom overlooks the rear aspect, while the third bedroom overlooks the front aspect, boasting a characterful ornate fireplace. There is a four piece, contemporary family bathroom suite benefiting from a walk in shower and feature, free standing bath.

Externally, there is a lawned area to the rear with unrivaled views and a patio area, ideal for outdoor dining and entertaining. There is also off street parking to the front of the property.

There are unrivalled views including an uninterrupted view down Forge Valley, located within the National Park on the edge of the Yorkshire Forest and Moors and Dalby Forest which offers many activities and walks yet only seven miles from Scarborough and the Coast. The A170 to Malton, Pickering, York, is close by as is the A171 taking you to ancient Whitby. This whole area is steeped in history, Wrench Green is adjacent to the village of Hackness which was already established in the 8th Century and mentioned by the Venerable Bede, incidentally Hilda Saint of Whitby retired to the Nunnery at Hackness. Today it is a thriving community with among other things a C of E Primary School which is rated Good by Ofsted.

Viewing is essential to appreciate the space, character, charm and position that this fantastic country cottage has to offer. Please call our friendly Sales Team on to arrange your viewing today!

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

£ 382200

Mortgage Loan to Value

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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
    £ 11500
  • 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

£ 37200
  • 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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