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£750,000 Guide Price
Bedrooms
Bathrooms
Reception
Mistle Bourne is a large detached family home which has been within the same ownership since its construction in the mid 1950s. The property is situated on the very edge of the village of Porton within a mature garden. There is no doubt that Mistle Bourne offers huge potential to renovate, extend and improve.
Prospective buyers should note that planning consent (PL/2024/04928) was granted in February 2025 to demolish the property and construct three new four bedroom detached dwellings.
It is possible therefore to consider redeveloping the site as an alternative to retaining the existing house as a project.
Mistle Bourne in its present form comprises of a reception hall, living room, kitchen breakfast room, three bedrooms, bathroom, cloakroom and a huge attic; the total available floor space is a little under 2000sqft. The property does have a particularly large garden which is presently lawn and mature shrubs.
Mistle Bourne is offered for sale with no onward chain and immediate vacant possession.
TENURE AND SERVICES: Tenure: Freehold. Local Authority: Wiltshire Council. Council Tax Band E - 3,231.99 for year 2025/2026 . All mains services connected. Mains Drainage.
DIRECTIONS: From the cathedral city of Salisbury proceed towards Amesbury along the A345 taking the third exit at the park and ride roundabout onto the Portway. Follow the road to the next roundabout and take the second exit (still following the Portway). At the second set of traffic lights (with Westover Land Rover of Salisbury on the right hand side) follow the road all the way into Porton. Proceed through the village staying on the A338 (Tidworth Road) to the end of the village and Mistle Bourne can be found on the right hand side clearly identified by the BAXTERS For Sale Board.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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