7 bedroom detached for sale

£1,500,000 Guide Price

7

Bedrooms

8

Bathrooms

Floorplan

In the main section of the mansion, you find four ensuite bedrooms. Each bedroom occupies a different corner of the property and all enjoy amenities that would put the most exclusive boutique hotels to shame. Along with these four suites there are another three ensuites in the eastern wing of the home, providing ideal accommodation for guests or extended family. At the centre of the mansion is the beautiful and bright kitchen diner. With handmade sycamore cabinetry and a refurbished Aga under the full height window, this space provides the perfect hub for the owner and their guests.

Coupled with the opulent, yet welcoming, reception rooms on the ground floor, this mansion exudes comfort and would make an unrivalled family home. Complementing the seven bedrooms in the main mansion is the oldest part of the property which offers a fully self-contained additional residence which can be accessed from or closed off to the mansion as needed. This residence offers one/two bedrooms (with one currently utilised as a study), a large central living room, utility room, and a spacious kitchen diner. As well as the internal door to the mansion there is also an external door to its private gardens, parking, and its own access from the sweeping driveway. Perfect for a multi-generational family or as a separate rental unit, this is a fabulous addition to the estate. Sitting at the centre of this tranquil valley with the river Cych winding its way along the estates northern boundary, the setting for Lancych Mansion is simply magical.

The feeling of peace and calm that you get from walking through the valley has been recognised for hundreds of years with the Cych valley appearing in the 12th century Mabinogion with reference to it as the enchanted valley. This feeling of being somewhere truly special can be felt while walking through the formal gardens that surround the house or down along the banks of the river in the water meadows that line the bottom of the valley. Lancych Mansion is located between the towns of Cardigan and Newcastle Emlyn which both sit on the river Teifi which the river Cych flows into. Offering a range of local services, both towns are within easy reach, with Cardigan providing a perfect gateway to the stunning coastline that stretches to the north and south.

The award winning Nags Head pub at Abercych is only around one mile from the property. If you can tear yourself away from your own enchanted valley, the wonders of this exciting coastline and rolling countryside are all on your doorstep. For a property that in total offers nine bedrooms and seven reception areas, it is surprising to be left with the feeling of a visiting a comfortable family home, but that is exactly what a buyer finds in Lancych Mansion. Designed to provide a warm and welcoming home for its original owners, that is still be the case almost two hundred years after its construction. Combining this with a truly breath-taking setting it this stunning river valley, Lancych is an opportunity too good to be missed.

History:

The original farm, which now forms the east wing of the building, was extended in 1834 with the construction of the manor house following a design by Peter F. Robinson. One of the unique features for this design was its impressive and intricate roof structure with its numerous chimneys serving fireplaces in almost every room. Claimed to have 17 different roofs the ornate bargeboards and finishing are very striking. The building remained relatively unchanged until 2004 when a large fire almost gutted the whole building. Restored in line with its Grade II listing, the renovations include the complete reconstruction of the roof along with the services in the building which will give any owner peace of mind for years to come.

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

£ 1256450

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
    £ 37500
  • 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

Adjust these figures

£

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

£ 131450
  • 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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