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£525,000
Bedrooms
Bathrooms
Thoughtfully converted former Methodist Chapel, situated in the desirable village of Well, between the Yorkshire Dales and National Park and North York Moors National Park.
Rarely does such an exciting opportunity come to the local market, Chapel House is a beautifully converted former Church which boasts stunning open plan spaces and impressive eco-friendly credentials. Converted in 2011 the property has been significantly refurbished and blends charming period features, beautiful solid Oak doors and a future proofed air source and heat recovery heating system.
A spacious entrance hall is an immediate draw as you amaze in the delights of this home. A large open plan kitchen/diner/family room is the perfect entertaining space with its central island and multi fuel burner. A useful utility room then leads out to the rear. An ideal office is accessed from the hall, along with the w/c. A generously sized living room to the opposite side of the Chapel with a multi fuel burner.
A solid oak and metal staircase then leads you to the spacious first floor landing. The large master bedroom has delightful floor to ceiling windows providing views to open countryside and flood this room with natural light. The ensuite then boasts a roll top bath with shower head, a seperate shower cubicle, twin sinks and w/c.
The two further bedrooms are both of generous proportions with the arch top windows and bespoke shutters, both rooms also benefit from ensuite facilities. There is a large useful store room or this could be an additional office.
To the rear of the property is a delightful and private garden with an Indian stone patio, stepping up to an artificial grassed garden area with a delightful stone wall edging, and a bespoke outbuilding with a tiled roof and guttering and benefits further from electricity supply.
Services
Mains electricity, water and drainage installed. Domestic heating is from an Air source heat pump and mechanical heat ventilation recovery system
Parking
On Road
Internet and Mobile Coverage
Information obtained from the Ofcom website indicates that an internet connection is available from at least one provider. Mobile coverage (outdoors), is also available from at least one of the UKs four leading providers. For further information please refer to:
Tenure
Freehold
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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