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£850,000 Guide Price
Bedrooms
Bathrooms
A superb stone-built barn conversion, The Gables was thoughtfully converted in the early 2000s and is situated in the highly desirable village of West Ogwell. Enjoying far-reaching views across the picturesque Denbury Downs, this spacious and characterful home offers two large reception rooms, four double bedrooms, and two bathrooms making it an ideal fit for families seeking a slice of true countryside living. With an extensive rear garden and separate field, this property is expected to generate strong interest in the current market.
Accommodation
Upon entering the property, you are welcomed into a central hallway which provides access to both the kitchen/diner and dining room. The kitchen is styled in a traditional farmhouse design, featuring wall-to-wall cabinetry, ample worktop space, and room for a central dining table. It comes equipped with a fitted electric oven and hob. A large utility room is accessed from the kitchen, offering additional storage, space for white goods, and access to the rear garden.
Also on the ground floor is a cloakroom/WC and a spacious formal dining room, complete with a striking open split staircase leading to the first floor. The dining room comfortably accommodates a ten-seater table, making it perfect for entertaining. At the rear of the home, a generously proportioned lounge features a large fireplace as a central focal point and French doors opening onto the garden.
Upstairs, a central landing leads to four well-proportioned double bedrooms. The principal bedroom is an excellent size, enjoying dual-aspect windows and a private en-suite shower room. Bedrooms three and four are centrally located standard doubles, while bedroom two also dual aspect is another spacious double situated at the opposite end of the landing. A well-appointed family bathroom completes the first floor and includes a separate bath and shower cubicle, as well as a Velux window for natural light. The property benefits from timber-framed double glazing and oil-fired central heating.
Outside Space
Externally, the property offers excellent outdoor space with a double carport to the right-hand side of the house and an additional gravel parking area adjacent. The large garden is mainly laid to lawn with mature trees lining the boundaries, all securely fenced. A patio area off the lounge provides a perfect setting for al fresco dining. From the side of the rear garden, a path (via the neighbours driveway) leads to a separate field of approximately 2.2 acres. This field includes three stables, making it particularly attractive for equestrian use or those seeking extra land.
Agents Notes
Council Tax: Currently Band F
Tenure: Freehold
Mains water. Mains water. Shared private drainage. Oil-fired central heating.
The property is accessed via a shared private driveway, the maintenance of which is shared on an as and when basis by the three properties in the complex.
The septic tank is shared with the neighbours, with a current annual maintenance fee of 250.
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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