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£549,950
Bedrooms
Bathrooms
A rare and unique opportunity to acquire one of Bostons most iconic landmarks: the Maud Foster Windmill and Granary as featured on ITV This Morning and Fox News. This historic, Grade I listed windmill, built in 1819, stands proudly on the banks of the Maud Foster from which it takes its name. The seven-storey, five-sail windmill is not only a working mill but also a thriving business, currently operating with a healthy profit as a shop and flour mill, and previously as a caf. The Mill and Granary are used as both a stylish home and business.
Open to the public on Wednesdays and Saturdays, the Maud Foster Windmill presents an exceptional commercial opportunity. With a creative vision, energy, and the appropriate planning permissions (STPP), the windmill could be transformed into a variety of ventures, perhaps a Wedding Venue, Hotel, Holiday Let, Restaurant and Shop. The first floor, which once housed a caf, could potentially be repurposed and the business expanded to full-time operations.
The windmill boasts a winding staircase that leads through several floors, offering access to an incredible loft-style penthouse. This penthouse is currently arranged with three beautifully decorated bedrooms, exuding character and charm. Additionally, the property includes two workshops on the ground floor, a garden at the rear, and ample parking at the front.
This much-loved working mill and residence, available for purchase on its own or alongside another property, the grand five-bedroom Mill House, is in need of a new caretaker to guide it into the next chapter of its storied history.
All viewings are strictly by appointment. Please contact Bruce Mather Estate Agents at to arrange a visit.
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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