4 bedroom detached for sale

£1,200,000 Guide Price

4

Bedrooms

4

Bathrooms

Floorplan


An extremely characterful beamed detached cottage, the origins of which are understood to date from the 16th Century. This appealing Grade II listed property has tile hung upper elevations under a pitched clay tiled roof and enjoys a delightful semi-rural position south of Mark Cross village in an Area of Outstanding Natural Beauty. The property affords fine far reaching views over neighbouring countryside to both the front and rear, in particular from the top floor. The accommodation, which extends over three floors and abounds with quintessential timbered features and oil fired central heating throughout, to the ground floor has two reception rooms with inglenook fireplaces and woodburners, the office also has a fireplace. The kitchen/family space has quarry tiling throughout and three areas of granite worktops including a central island with storage beneath. There is a twin bowl glazed Butlers sink, an oil fired AGA with assorted storage to either side plus a back-up oven and hob. There is also an integrated fridge/freezer, an external door to the rear and a boiler set beneath the second staircase to the first floor. There is also a ground floor shower room/WC. On the first floor. the principal bedroom has a window to the front, extensive wardrobe storage and a spacious en suite bathroom with a white suite, chrome fittings and underfloor electric heating. There are two further bedrooms to the first floor and on the top floor an attic bedroom 4 and a family bathroom, also with a characterful white suite with chrome fittings, a claws foot roll top bath and a window to the front elevation which affords wonderful views to the south. The grounds extend to 1.25 acres. The property is accessed via a shared drive with parking and turning, plus electric point. A substantial timber outbuilding acts as an office or could provide overflow accommodation. This too has a woodburner, kitchenette and shower room/WC. External features include a large pond, raised terraced area to the rear of the house with plunge pool and barbeque area - all of which enjoy fine far reaching views to the north.

Features
  • Freehold

Map location is not available for this property.

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

£ 993950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 30000
  • 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

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£

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

£ 93950
  • 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.

£

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

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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