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£1,000,000 Guide Price
Bedrooms
Bathrooms
Enjoying a tucked-away position in this popular village and set on a generous plot approaching 4.28 acres, this detached bungalow is being sold with no onward chain was part of the Charterville Development in the 1800s. The property offers excellent living space with great potential, creating an ideal opportunity for buyers looking to put their own stamp on a family home in one of West Oxfordshires most desirable villages. In the same family ownership for over 100 years the bungalow offers 1,603 sq ft of flexible living space and is currently set to three bedrooms, two receptions, a kitchen with range of units, and wetroom. There is a large workshop, separate store and substantial 19111 timber clad garage offering extra height, drive-through and 3 double doors as well as a single door plus a large agricultural greenhouse (20 x 50 ft). Delightful lawned gardens, an orchard and open countryside beyond the boundary provide a high degree of privacy to the property. A fabulous opportunity to develop this wonderful bungalow in a rural village location.
Minster Lovell is approximately 3 miles west of Witney on the B4047. The village is split into three parts namely Old Minster, Little Minster and New Minster. Across the whole village there is St Kenelms parish church, the ruins of Minster Lovell Hall, the Old Swan and cricket ground which sits alongside the River Windrush.The village also offers a primary school, shop, and White Hart public house. There is a bus service into Witney which offers wider shopping and recreational facilities.
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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