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£1,950,000 Offers in excess of
Bedrooms
Bathrooms
Offering a variety of lifestyle choices, Summerfield Farm in Tilbrook is a rare opportunity to acquire a fantastic home with business options, potential development and equestrian facilities..Located in the popular village of Tilbrook on the borders of Cambridgeshire, Northamptonshire and Bedfordshire, Summerfield Farm is close to the market town of Kimbolton for it€™s amenities and well regarded private school, and is within easy reach of Huntingdon, St Neots and Bedford for regular trains to London.The current owners have an established camping and holiday let business on the site which would generate immediate income for any purchaser. The property also offers equestrian facilities.Set in a total of c. 9.3 acres, the property briefly comprises:€ The main residence at Summerfield Farm is a 5 bedroom bungalow of over 3000 sq ft. It provides a good sized lounge and separate dining room, a generous kitchen/ diner, separate utility, two family bathrooms, five bedrooms and two en-suites. The bungalow sits within a private area of the property with landscaped gardens, independent access and parking, a double garage and kennels.€ The Accommodation Barn has been converted to provide 3 x 1 bedroom holiday let apartments and campsite toilets, showers and washing up facilities. There is also a site reception and office, and storage cross the whole of the first floor. The barn is accessed off the main drive and is serviced by dedicated parking.€ The Grain store, c. 70ft x 40ft feet currently used for storage and as a recreation room for campsite guests€ The Stable Barn is laid out to provide 8 stables, and a tack room. There is access to an adjoining washing up/kitchen room that faces the East campsite field.€ Square training pen, purpose built with sand/Flexiride „ surface.€ 5 grass fields of various sizes currently used for a mixture of grazing and camping€ Potential building plot (S.T.P) for two/ three dwellings fronting onto the High StreetRights & Easements:The main access from the High Street provides for a right of access to 60 High Street. There is also an agricultural access along the farm access track to land at the rear of the property.UKPN have an easement to maintain equipment across part of the land
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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