4 bedroom detached for sale

£1,550,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

This beautiful thatched cottage is located in the peaceful New Forest Hamlet of East End, enjoying views over neighbouring farmland and fields. This delightful property dates back in parts to the 1620s, with the property having been extended in the early 1900s. The property is set in 0.7 acres of well maintained and established grounds and gardens, with various outbuildings including a double garage, and the cottage benefits from an array of original features and well proportioned accommodation.

Original oak front door leading into the entrance hall with quarry tiled floor and staircase leading to the first floor. Cloakroom with W.C. Door from hallway opening into the beautiful light filled, double height room in the original cob part of the cottage, featuring original beams, a high level window, a large open fireplace and French doors leading out to the garden. Following on is the bespoke oak framed conservatory, easily blending with the older parts of the cottage, with views over the garden and French doors to outside. The dining room is a lovely double aspect room which could also utilised as a further bedroom if needed. The kitchen/breakfast room has a lovely open aspect over farmland and is fitted with a comprehensive range of floor and wall mounted cupboard and drawer units with space for appliances and includes an electric and propane range cooker. There is ample space for dining table and chairs, a brick fireplace with a propane gas stove and a larder cupboard with marble cold shelf. Doorway leads into the study/bedroom four, featuring old ships beams from Bucklers Hard, with triple aspect windows and a built in gun cabinet. The utility room is fitted with a further range of kitchen cabinets, space for appliances, a built in store cupboard and a water softener, with a door to outside and a door to a further W.C.

Off the first floor landing there are three large double bedrooms, each benefitting from beautiful views over the surrounding fields. The dual aspect master bedroom has built-in wardrobes and an en-suite shower room. Bedroom two has built in wardrobes, sink unit dual aspect windows. Double bedroom three has a window and sink unit. Family bathroom with jacuzzi bath with mixer tap and mixer shower over, wash hand basin with mixer tap, heated towel rail, part tiled walls and window. Further separate WC.

The property is approached over a cattle grid and separate gated vehicle access opens onto the extensive driveway parking area. The detached double garage has an electric door and is fitted with a heavy duty power supply. There is adjoining mower shed. To one side of the driveway there is an area of garden with a greenhouse and wood shed.

The beautiful gardens and grounds extend to either side of the cottage and beyond, with the main area of garden being laid to extensive lawn with trees, bounded by hedging which could be separated into a small paddock. There is a summerhouse, gazebo and fruit cage. There is a gate at the very end of the garden providing additional vehicular access which would enable the storage of a boat or caravan etc. There are two working wells within the garden, one with an electric pump, private drainage and oil fired heating. The thatch and part of the tiled roof was replaced three years ago.

The property has an idyllic location within the hamlet of East End surrounded by open farmland and countryside, yet only a mile to the Solent Shoreline. The property has stunning New Forest scenery on its doorstep with free roaming ponies, donkeys and cattle. The popular East End Arms Public House is also just a few minutes level walk away, owned by John Ilsley of the popular band, Dire Straits, which offers superb food and drinks. The Georgian marine town of Lymington is just 4 miles away with a wide array of independent shops, cafes, local restaurants and marinas.



Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1301200

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 38750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

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.

Annual Costs

£ 138700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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