6 bedroom country house for sale

£950,000

6

Bedrooms

5

Bathrooms

4

Reception

Well what a place this is. If you are looking for a character home with income potential, or perhaps with an annex or a separate space for a gym, office or for a teenagers den, then look no further than this stunning, substantial home in Spaldwick.Situated in a prominent position in the heart of the village, Threeways offers versatile living spaces, six bedrooms, two fully fitted flats, outbuildings and sits on a plot of approximately 0.19 of an acre. Downstairs this beautifully presented home consists of four spacious reception rooms and a generous kitchen/ diner. Having been extended and outbuildings converted over the years, the property gives you a glimpse of its history as you move from room to room. The main lounge is one of the show stopper rooms of this family home. Situated in a converted old barn to the rear of the property, the double height room boasts character features and multiple windows flood the room with light while giving a lovely view of the patio. The focus in this room is drawn to the feature fireplace and parts of the old building have been retained on display, including part of the original wattle and daub and beams. We can imagine having that giant real Christmas tree we always wanted in here!The character and finish continues throughout the rest of the property as the current owners have thoughtfully and sympathetically renovated this home to a high standard, ready for you to move straight in and enjoy. The master bedroom is naturally the largest of the six, and is also a fantastic, noteworthy space. Formed as part of the double storey extension, the room benefits from having vaulted ceilings, four skylights and a bifold feature window overlooking the garden providing this space with plenty of natural light. The master also enjoys a dressing area and en suite everything you would hope for in this luxurious family home.Outside, the larger than average garden offers different spaces to relax, a greenhouse and plenty of raised beds for you to grow your own veg. The outbuildings consist of a double garage, a work shop, a hot house which is currently home to tortoises but in our opinion would make a fantastic sauna! As well as some useful further storage/ utility areas.To top it off the old granary barn, complete with the original pulley system, has been converted into two fully equipped flats which are currently let bringing in a regular income. These would also make perfect annexes/ guest suites or perhaps even a teenagers den?Spaldwick is a pretty village situated on the Cambridgeshire border which has a thriving community and good local amenities including a primary school, pub and service station with shop and eateries available within. The village is within easy reach of Kimbolton School and a school bus runs to Hinchingbrook School in Huntingdon. The village is situated with easy access to the A14 and fast regular trains run into London from the nearby town of Huntingdon. If you like a good walk there are a wealth of footpaths and bridleways to explore in the surrounding countryside, then finish the day in the pub before rolling back home.

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

£ 775200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 23750
  • 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

£ 62700
  • 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.

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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

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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