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£1,475,000
Bedrooms
Bathrooms
Setley Cottage is a charming and highly versatile four bedroomed home, set in a desirable location within the New Forest with direct access to the beautiful Roydon Woods Nature Reserve.
Configured with family life in mind, the heart of the home is the spacious open plan kitchen/dining room.The kitchen features a range of cream units with contrasting wood worktop, making a great space for keen chefs with plenty of storage and preparation space. The open plan style makes this area perfect for entertaining and family meals alike, and the dining room has character with features such as panelled walls, coved ceiling and and open wrought iron fireplace.The dining room has characterful features including panelled walls, coved ceiling and open wrought iron fireplace.
The living room is not only dual aspect to allow for an abundance of light, but also has open fireplaces at both ends of the room, simply ideal for cold winter days. Completing the ground floor, is a downstairs cloakroom and a utility room adjacent to the kitchen, with valuable storage room for household appliances, coats and shoes.
From the impressive entrance hall, stairs rise to the first floor, accommodating four bedrooms and two bathrooms. The bedrooms are well-proportioned and each feature built-in wardrobes and large windows allowing for much natural light.
Outside there is no shortage of parking, with a wide shingle driveway and a triple garage. Ideal for multi-generational living or for use as an Airbnb, the loft has been turned into a self-contained annexe with a modern open plan kitchen/living room, bathroom and bedroom.
For privacy, the annex has its own enclosed garden. There is also the benefit of a studio and large detached office that is fully lined, with electric wall heaters, lighting and power points, perfect for those who work from home or run a small business.
To the rear of the home, the mature garden is mainly lawn, surrounded by hedges and trees to create a tranquil sanctuary. An area of patio, with door access to the living room, can be enjoyed to full potential in the warmer months with al-fresco dining.
The peaceful location of Setley Plain is simply idyllic, with impressive views over the improbably named Three Beech Bottom, Milking Pound Bottom and Widden Bottom. Despite the rural location, the village of Brockenhurst is just a short distance away, offering an array of shops, bars and eateries, a highly regarded sixth form college, 18 hole championship golf club and a mainline station with direct access to London in approx 90 minutes for those who need to commute to the capital. There is also the Georgian market town of Lymington close by, with its extensive yachting facilities, Saturday market and a ferry service to Yarmouth.
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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