4 bedroom detached for sale

£685,000

4

Bedrooms

3

Bathrooms

Floorplan

THE PROPERTY
Allen Residential is delighted to present this charming detached period home, set on a generous plot just moments from the towns High Street and within easy reach of local schools, making it an ideal choice for families. Midsomer Norton is a charming market town located in the heart of Somerset, offering a blend of countryside living with convenient access to local amenities. With a range of independent shops, restaurants, and excellent transport links, including proximity to Bath and Bristol, it is an ideal location for those seeking a peaceful yet well-connected lifestyle.
Immaculately presented throughout, the property boasts a bright and airy atmosphere with a tasteful neutral decor. The ground floor comprises an inviting entrance porch, a spacious 19ft bay-fronted family room complete with a fireplace and dining area, a study, and a stylish kitchen/dining room featuring bespoke oak units, granite worktops, integrated appliances, and a tiled floor. Additionally, there is a conservatory, a utility room, and a cloakroom with a shower. On the first floor, youll find four generously sized bedrooms, including the principal bedroom with its own en-suite shower room. A recently updated family shower room serves the other rooms.
Externally, the property offers a large driveway providing ample parking and access to a double garage, while the front garden is laid to lawn and enclosed by attractive stone walls and hedgerows. The rear garden, which extends to the side of the house, is mainly laid to lawn with flower beds, vegetable beds, a greenhouse, and a large patio area perfect for outdoor entertaining. Additionally, there is a detached stone-built barn, currently divided into a studio space and storage area. This versatile structure presents excellent potential for conversion into an annexe or home office, subject to the necessary planning permissions. The south facing rear roof enjoys a sunny aspect, which the current owners believe would be ideal for the installation of solar panels.
This property is presented to a high standard and offers potential for further enhancement, both internally and externally. To arrange a viewing or for further information, please contact Damien at Allen Residential on .

THE ACCOMMODATION
ENTRANCE HALL
LOUNGE/ DINER
STUDY
KITCHEN/ DINER
UTILITY ROOM
CLOAKROOM
CONSERVATORY
FIRST FLOOR LANDING
BEDROOM ONE
EN-SUITE SHOWER ROOM
BEDROOM TWO
BEDROOM THREE
BEDROOM FOUR
SHOWER ROOM
DOUBLE GARAGE
OUTBUILDING
STUDIO
STORE





Features
  • Freehold

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

£ 567825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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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
    £ 17125
  • 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

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£

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

£ 54075
  • 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.

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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.

£

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
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    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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