3 bedroom detached for sale

£650,000 Guide Price

3

Bedrooms

2

Bathrooms

2

Reception

Floorplan


A superbly presented 3 bedroom detached barn conversion set in its own delightful well tended gardens with a 28 Garage block and fully functioning 19 x 17 home office nestled amidst North Devons stunning countryside

Entrance Porch
Entrance Hallway
Pine flooring, under stairs cupboard, radiator, half stained glass door,
Lounge
16 0 x 12 1 (4.87m x 3.68m)
Stone fireplace with Multifuel stove, wall light points, dado rail, bamboo flooring.
Cloakroom
4 6 x 4 3 (1.37m x 1.29m)
A WC with a twist! This WC comprises of the traditional Low Level WC & Wash basin together with a one penny flooring with a total of 3800 pennies glued with epoxy resin finish to the floor.
Conservatory
16 4 x 11 6 (4.97m x 3.50m)
With vaulted glass roof.
Utility
11 4 x 5 7 (3.45m x 1.70m)
Plumbing for washing machine
Kitchen
16 4 x 10 10 (4.97m x 3.30m)
Fitted with an excellent range of matching base and wall cupboards with central island unit with black granite worktops, integrated freezer and larder fridge, 5 ring hob and double oven, dishwasher, exposed beams, oak flooring double square paned doors to:
Vaulted Dining Room
11 7 x 11 2 (3.53m x 3.40m)
Double Radiator, oak flooring
First Floor Landing
Vaulted with airing cupboard with hot water cylinder.
Bedroom One
16 6 x 10 0 (5.03m x 3.05m)
Double aspect windows, loft access, radiator
Bedroom Two
12 3 x 9 6 (3.73m x 2.89m)
Double aspect windows, double radiator.
Bedroom Three
12 3 x 6 6 (3.73m x 1.98m)
Double radiator
Bathroom
9 2 x 6 7 (2.79m x 2.01m)
Fitted with a white suite comprising modern panelled bath with mixer taps wash hand basin ,low level WC and shower cubicle with thermostatic shower, extractor, double radiator
Outside
The property is approached through a 5 bar gated access to a block pavior driveway providing parking for numerous cars, this fronts a triple Garage block measuring 28 x 18 with roller doors , power and light connected on top of which are and array of 4kWp Solar Photovoltaic panels with a Feed In Tarriff. The current owners pay on average around 63 a month for their electric bill.There is also a separate garage which is fully insulated with light and power connected. This could be used as additional storage.The Gardens extend to 0.24 of an acre and are mainly laid to lawn, with raised beds and ornamental pond, patio, decking area with well and pump.There is a fully functioning detached Office measuring 195 x 179 with power LED lights, broadband and heating connected with the room being fully insulated from the floor up.
Services
Mains Water and Electric is connected.Septic Tank DrainageOil Fired Central Heating


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

£ 538950

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
    £ 16250
  • 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

£ 51450
  • 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.

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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
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    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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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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