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£900,000 Guide Price
Bedrooms
Lower Farm House is a substantial former Farmhouse dating back to the early 17th Century and has been in the same family for almost eight decades. Currently divided into three separate dwellings by original oak doors. This delightful property is a desirable rural retreat nestled on the edge of Northmoor, a very pretty village near to both Witney (8.3 miles) and Oxford (14.8 miles). A characterful home surrounded by open countryside.
Opportunities of this nature are seldom seen on the open market, and an appointment to view is essential to fully appreciate all this wonderful countryside residence has to offer. Although requiring some refurbishment and desired reconfiguration, it could make an impressive family home. The spacious accommodation offers over 2,500 sq ft of living space with period features including inglenook fireplaces, wooden floors, oak doors, flagstones, and beams.
The generous gardens wrapping the house (approx 0.75 acre) are enclosed and afford a high degree of privacy with a large lawn, orchard, and mature trees. The whole of this wonderful outdoor space is enhanced by the surrounding countryside and a front lawn that sweeps down to Northmoor Brook. The impressive, tree-lined driveway is an additional attribute.
Lower Farm House offers differing options to create a fabulous country home with the potential of ancillary accommodation if desired. An appointment to view is essential to explore the many possibilities this home offers and its prime, rural location.
NB: The property is freehold and has mains electric connected. Central heating is oil to radiators and a Rayburn. It also boasts a well water supply and its own sewage treatment plant..
Lying approximately 6 miles south-west of Oxford and 5 miles south-east of Witney, Northmoor is a charming village offering the perfect blend of rural tranquillity and accessibility. It enjoys a vibrant community with a highly regarded village pub, The Red Lion, and village hall, which hosts a wide variety of activities and events. Northmoor forms part of the Upper Thames valley, which has been designated an Environmentally Sensitive Conservation Area.
Good rail links are available in nearby Oxford, which provides a direct service to London Paddington or Oxford Parkway with a direct London Marylebone link. Easy access to the A40 and A34 road networks ensure effortless travel across the county.
Northmoor enjoys close proximity to excellent schooling, including Chandlings Prep, Abingdon Prep, St. Hughs, and The Dragon School in Oxford. For secondary education, Cokethorpe, St Edwards, Oxford High School, Abingdon School are all within a reasonable distance, Bartholomew State School is 5 miles away and rated outstanding.
Map location is not available for this property.
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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