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£795,000 Guide Price
Bedrooms
Bathrooms
A wonderful detached house of some 185 square metres / 2000 square feet in an exclusive cul-de-sac location within the highly-favoured and well served village of Ipplepen.
On the market for the first time since new in the late 1980s, the property occupies a lovely plot well set back from the road with double width driveway and integral double garage providing plenty of parking. The rear garden is a lovely feature of the home, being level and secluded with neatly tended lawn, raised deck, paved patio and gravelled area. Fully enclosed at the rear boundary by an ancient stone wall, the rear facing rooms and garden enjoy some lovely views over adjoining fields and onto rolling hillsides and woodland.
The Glebe is widely considered by locals and property professionals alike to be one of the areas premier addresses and is made up of just six similar sized and aged detached homes with their own individual design features and is located on the favoured western side of the village. Ipplepen supports a particularly vibrant and active lifestyle opportunity for locals with multiple clubs and societies and regular shows and events at the village hall. Within half a mile or so is Orley Common, ideal for dog walks and horse riding. Within a stones throw or a short stroll is the local park, bowls club, sports field, well attended historical church, primary school, popular local inn/restaurant, health centre and more. In addition, just over a mile away is Dainton Golf course with its gym, restaurant, driving range and 18-hole course, and Fermoys garden centre with award winning butchers and caf. Ipplepen is located around 5 miles from the historic town of Totnes set on the banks of the River Dart and famous for its bohemian atmosphere, and around 4 miles from the market town of Newton Abbot, famous for its race course. Both towns have mainline railway stations and excellent business, leisure, educational and shopping facilities.
Accommodation
Stepping inside, the accommodation is laid out over two floors, immaculately presented throughout and flows beautifully. A vestibule leads through to a good sized reception hallway with turning staircase to the first floor and guest cloaks with WC and basin off. The light and airy lounge is double-aspect and has an open fireplace. A dining room has a door to the rear garden whilst a separate study overlooks the front. Again, light and airy with double-aspect windows is an L-shaped kitchen/breakfast room with comprehensive range of cabinets and roll edge work surfaces. A separate plumbed laundry room provides access to the integral garage and has a door to the rear garden.
On the first floor a part galleried landing provides access to five bedrooms, one of which is currently used as a second study. The principal bedroom has an en-suite bathroom and completing the picture is a family shower room.
Gardens
Lovely level plot with secluded well-kept and fully enclosed rear garden.
Parking
Integral double garage and double-width driveway approach.
Agent Notes
Council Tax: Currently Band F
Tenure: Freehold
Mains water. Mains drainage. Mains gas. Mains electricity.
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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