5 bedroom detached for sale

£1,000,000 Guide Price

5

Bedrooms

3

Bathrooms

Floorplan

Occupying an enviable position and enjoying wonderful far-reaching views, this individual detached home is located in a highly sought-after location and offers spacious and versatile accommodation. Pirates Rest also boasts a separate self-contained annexe, double garage, large gardens and a swimming pool. The main home has five bedrooms, two of which are en-suite. The reception rooms are open plan, bright and airy with lovely views. The annexe would suit an elderly relative, Airbnb or for home working and the generous gardens are landscaped with lawns, terraces and heated swimming pool. Viewings come highly recommended to appreciate all this wonderful family home offers.

Maidencombe lies on the coast road midway between the popular village of Shaldon and the coastal resort of Torquay which is renowned as The English Riviera. Maidencombe itself is a pretty and exclusive hamlet with the highly regarded pub/restaurant The Thatched Tavern and a wonderful beach predominantly enjoyed by locals. The South West coastal path is only a short walk away taking in the wonderful sea and coastal views. Within a short drive are the towns of Teignmouth, Torquay and Newton Abbot which all offer an extensive range of shopping and leisure facilities and a good choice of schooling for all ages. With many beaches and Dartmoor on your doorstep here are good transport links with the A380/M5 and mainline railway stations within easy access.

Main House
A uPVC decorative obscure double glazed entrance door and porch with windows to front and side and multi obscure glazed double doors lead to the reception hallway with stairs to first floor with storage cupboard under and cloakroom/WC with low-level WC, pedestal wash basin, tiled walls and flooring and storage cupboard. The living room is a bright dual-aspect room overlooking the garden and enjoying views over the surrounding countryside and the sea at Babbacombe with the Cary Arms and coastline beyond, feature fireplace with multi fuel burning stove. The sitting room opens to the sun lounge with feature columns and French doors opening to the garden enjoying the superb countryside views. An archway leads into the dining room with recessed shelving and window to side. There is an extensively fitted kitchen/breakfast room with a range of wall and base units with ample work surfaces, tiled splashback, inset single drainer sink unit, space for range style cooker and appliances. The breakfast area has tiled flooring, double glazed windows to front and side and door to outside. Also on the ground floor there are two bedrooms, one being dual-aspect with windows to front and side enjoying the superb rural views, with built-in mirror fronted wardrobe. The other bedroom has a window to front and an en-suite shower room with shower cubicle, vanity wash basin, low level WC, tiled walls and flooring.

On the first floor there is a galleried landing with window to rear enjoying the superb rural views. The master bedroom has a range of fitted bedroom furniture and sliding patio doors leading onto a generous paved balcony enjoying a pleasant outlook over the garden and surrounding countryside. Off the bedroom there is a dressing area with built-in wardrobes and door to the en-suite bath/shower room with feature arch window, freestanding roll top bath with mixed tap/shower attachment, separate shower cubicle, low-level WC, bidet, and vanity wash basin with marble top. There are two further bedrooms, one of which enjoys pleasant views of the garden and surrounding countryside and towards the sea at the Cary Arms in Babbacombe with coastline beyond, and fitted bedroom furniture.

Annexe
The annexe is situated below the double garage and has its own entrance via the garden with a sliding patio door to an open plan living room/bedroom area with laminate flooring and window to rear. The kitchen has a modern range of wall and base units with work surfaces, matching splashback, built-in oven and hob, space for appliances and door leading to the garden enjoying the pleasant views. There is also a shower room which has been refitted with a modern suite comprising corner shower cubicle, low-level WC, vanity wash basin and part tiled walls and tiled flooring.

Gardens and Parking
The house is set in a large plot and to the front there are electric remote-controlled gates leading to a large brick paved driveway providing ample parking and access to the double garage which has an electric roller door and courtesy door to side. A gate and path lead to the generous rear garden which is also accessed from the sun lounge of the main house and enjoys pleasant views of the surrounding countryside. with a paved terrace perfect for alfresco dining and enjoying the sun, hot tub, further large paved terrace surrounds the heated swimming pool, level lawned area with summer house and steps to further lawned garden enjoying a degree of privacy with mature hedging and trees.

Agents Note
Council Tax: Currently Band G
Tenure: Freehold
Mains water. Mains gas. Mains electricity. Private drainage.
The property is situated on a private road, and there may be a liability for a share of the maintenance costs in the future.
In 2017 planning was granted for demolishing the existing home to build an impressive home of approx. 8,000 sq. ft over three floors with a triple garage (Ref. P/2016/0711)



Features
  • Freehold

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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

£ 818950

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
    £ 25000
  • 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

£ 68950
  • 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)
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  • Letting Fee
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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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Total Profit

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

  • Cumulative Rental Profit
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Final Property Value

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Notes

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