6 bedroom detached for sale

£950,000

6

Bedrooms

4

Bathrooms

Floorplan

Allen Residential are pleased to present this stunning six bedroom home within the picturesque hamlet of Wavering Down. This is a collection of twelve traditionally styled houses positioned on the southern slopes of the Mendip Hills in an Area of Outstanding Natural Beauty. From its elevated position, the property enjoys superb and far reaching views across Crook Peak, the Somerset Levels and towards the Bristol Channel.
The location offers peaceful countryside surroundings combined with excellent commuter links. The M5 is only ten minutes away, Bristol Airport can be reached in around twenty minutes and the city of Bristol in approximately thirty minutes. The coastline of Weston super Mare and Burnham on Sea are nearby, with Cheddar Gorge and the scenic Mendip Hills right on the doorstep. The medieval market town of Axbridge lies just one mile away and offers a charming mix of timber framed houses, a market square, country pubs, shops, restaurants, a cinema and a church dating back to the 1400s. There are leisure opportunities including sailing at Axbridge Reservoir, golf at the Isle of Wedmore Golf Club and numerous walking and cycling routes such as the Strawberry Line which passes just above the property.
The property is beautifully presented and finished to a high traditional specification, providing generous and versatile accommodation ideal for family living. The ground floor features a bright and spacious living room with wood burning stove, a front facing dining room that is perfect for entertaining, and a kitchen fitted with a range of wall and base units, a ceramic sink, space for a tall fridge freezer, a range cooker and a useful walk in pantry. From here, doors open to a conservatory that takes full advantage of the surrounding views. Also on the ground floor is a utility room with space for appliances and houses the central vacuum system that services the entire home, removing the need to carry a vacuum upstairs. A workshop with storage and a ceramic sink, and a cloakroom. Underfloor heating runs throughout the ground floor for year-round comfort.
On the first floor there are three well-proportioned double bedrooms, two of which benefit from en-suite facilities, along with a stylish family bathroom.
The second floor offers three further bedrooms which could also serve as home offices or hobby rooms.
The gardens have been designed for both enjoyment and low maintenance. From the conservatory, doors open to a patio area with views towards Kings Wood leading to a lawn with The gazebo is block-built with a steel-framed roof, fully clad in cedar to give the appearance of a timber structure and with a wood burning stove.
Towards the end of the garden is the shed and dog kennel that are also block-built and clad in cedar. The dog kennel features hot water and could easily be converted into a garden office by replacing the caged door with a patio door. Opposite is a greenhouse and a raised vegetable bed with a protective covering. To the side there is a further lawn area with a pond, while the front offers a wild garden. A private driveway that provides parking for several vehicles and leads to a double garage with power and a large loft space for storage.
This is a rare opportunity to purchase a spacious and well-appointed home in an exceptional location which offers countryside tranquillity, outstanding views and easy access to the coast, city and major transport routes. Council Tax Band G. EPC C.
A small monthly contribution of 50 from each household helps cover the maintenance of the roadway and communal gardens. This arrangement, set up by the residents, ensures all shared areas are well cared for and is agreeable to everyone but is not mandatory.

Features
  • Freehold

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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

£ 775200

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
    £ 23750
  • 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

£ 62700
  • 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
    £

    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.

Notes

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