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£725,000 Offers over
Bedrooms
Bathrooms
A substantial period home in the heart of this desirable village.
With Medieval origins thought to date as far back as the 1500s and Tudor times, this wonderful property was restored with skill and attention to detail in the early 1990s. Grade II listed, the property is brimming with individual period features including exposed beams and A frames, stone fireplaces; one with a bread oven, wide floorboards and much more.
The detached property is beautifully situated just a stones throw from the centre of this well-served and highly sought-after village and its extensive range of amenities including small supermarket, health centre, popular public house, primary school and well-attended church. Ipplepen is located approximately 4 miles from the market town of Newton Abbot, famous for its racecourse and offering easy access to the A380 South Devon Link Road north to Exeter and the M5 beyond. Around 5 miles in the opposite direction is the pretty castle town of Totnes with its bohemian atmosphere. Both Newton Abbot and Totnes have mainline railway stations. Also around 5 miles drive is the coast at Torbay.
The property occupies an enclosed plot with the front having feature stone walls, a terrace and level lawn. An in and out driveway at the front provides off road parking for a number of vehicles. At the rear, the garden is again enclosed by natural stone walls and is predominantly laid to lawn with shrub borders, a stone pathway running along the back of the property.
Accommodation
The accommodation is extensive and is accessed through twin doors and a vestibule into a spacious reception hallway with guest cloaks/WC off. Enjoying natural light through a rear-facing window, the hallway also features an old decorative range set into a recess and a turning, almost spiral stone staircase to the first floor. The main house features 3 separate reception rooms offering much versatility, the largest with a feature stone fireplace currently housing a large wood burner and illuminated alcove over. A square farmhouse-style kitchen has cupboards on all sides and plenty of space for a central dining table and chairs. There is a separate utility room off the kitchen with back door.
On the first floor are 4 double bedrooms and a family bathroom with 4-piece suite including a shower cabinet and WC and a further separate WC access from a split-level landing. The master bedroom is particularly spacious with 3 steps down to a large en-suite bathroom.
The guest wing, located at the rear of the property, has a connecting door from the utility room and its own entrance door from the rear garden. This briefly comprises a living room and fitted kitchen on the ground floor and 2 bedrooms and bathroom on the first floor.
Gardens
Enclosed front and rear gardens with lawns and terraces and feature stone walls.
Parking
In and out driveway at the front providing parking for a number of vehicles.
Agents Notes:
Council Tax: Currently Band E
Tenure: Freehold
Mains water. Mains drainage. Mains gas. Mains electricity.
This property is Grade II listed and therefore EPC exempt.
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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