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£1,000,000 Guide Price
Bedrooms
Bathrooms
+++This substantial stone built, detached lifestyle and equestrian property offers a unique opportunity for those seeking a blend of rural tranquillity and potential income. Set on approximately five acres of land, the property boasts three reception rooms, including a substantial 113 (10.5m) Orangery with bar and fish pond, three generous bedrooms, and three bathrooms, providing ample space for family living or entertaining guests+++
The residence is complemented by a range of outbuildings, including a substantial 150 x 135 (14m x 12.5m barn, 4/5 garages, multiple stables, tack room plus a grass menage, making it an ideal choice for equestrian enthusiasts. The expansive grounds not only cater to horse lovers but also offer fantastic open aspect countryside views, with distant sea views, creating a picturesque backdrop for everyday life.
In addition to the main house, the property features additional holiday accommodation, which provides an excellent additional income stream (further details available upon request). The substantial warehouse among the outbuildings offers potential for various uses, whether for storage, workshops, or even conversion into further living space/holiday accommodation. (subject to obtaining the necessary permissions)
Cloughton is a popular village that provides a peaceful lifestyle while being conveniently located on the edge of the stunning North Yorkshire Moors. This property is perfect for those who appreciate the beauty of the countryside and the potential for a versatile lifestyle. With its impressive features and idyllic setting, this home is a rare find.
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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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