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£895,000
Bedrooms
Bathrooms
A Rare Opportunity to Own a Piece of Bostons History The Iconic Maud Foster Windmill and Mill House as featured on ITV This Morning and Fox News.
Presenting a unique chance to acquire one of Bostons most celebrated landmarks, the Maud Foster Windmill, along with its charming Mill House, both steeped in history since 1819.
The Maud Foster Windmill, a striking seven-story, five-sail structure, stands proudly on the banks of the Maud Foster, the waterway from which it takes its name. This Grade I listed building is not just a piece of history; it remains fully operational, continuing to grind flour as it has for over 200 years.
Currently, the windmill runs a thriving shop and flour business, with a profitable operation open to the public on Wednesdays and Saturdays. There is significant potential to expand to a full-time venture, tapping into the propertys rich history and prime location. The site also previously housed a caf, presenting additional commercial opportunities.
Inside, a winding staircase leads to a loft-style penthouse that exudes character and charm. This unique space is currently configured with three bedrooms, offering stunning views and a truly distinctive living experience. The property also features two workshops on the ground floor, a garden at the rear, and ample parking at the front.
Adjacent to the windmill, the Mill House complements the property with its traditional elegance. The house boasts spacious rooms with high ceilings, all freshly painted in a crisp white. The upper floor includes five well-proportioned bedrooms and a family bathroom. Downstairs, youll find a second bathroom/utility room, a kitchen, a dining room, and two reception rooms.
The house is surrounded by beautifully landscaped gardens, including vibrant flower beds and a greenhouse. Additionally, there is a large garage with potential (STP) to be converted into an annex or granny flat.
This exceptional property is available for viewing by appointment only. Cal
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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