4 bedroom detached for sale

£850,000

4

Bedrooms

2

Bathrooms

Floorplan

This unlisted cottage dating back to the mid 19th century has great charm and character and stands in an elevated, secluded position overlooking the garden and woodland in the peaceful hamlet of Harcombe.

Nestled in the idyllic hamlet of Harcombe, just a short drive from the coastal town of Lyme Regis, this charming cottage offers a unique blend of rustic heritage and modern comfort. This location offers unrivalled peace and quiet with only bird song for background noise. Situated off a country lane a driveway leads through the valley where the cottage is found on the Eastern side.

The cottage dates back to the mid 19th century and has been carefully restored and improved under the current ownership to create a light and airy space throughout. Worthy of particular note is the large living room with feature bay window which makes the most of the stunning views across the valley. The well-presented accommodation, with numerous character features typical of its period, includes multiple fireplaces with the living room now housing a woodburner.

The property is with solid Oak flooring throughout is accessed via a stable door from the front and enters into the sitting room with exposed beams and original fireplace. A glazed door and steps down lead to the living room, the feature room of the property with bay window including window seat, two sets of double doors leading onto the garden and woodburner on a stone hearth. This creates a room set for all seasons being light and airy in the summer or cozy in the winter.

The kitchen/diner with granite worktops is fitted with an oil fired Aga, an integrated Bosch fridge and dishwasher. A separate useful utility room houses a washing machine and dryer. A downstairs shower room with white suite features a corner shower, wash hand basin and WC. An office/studio/work room has been created with rear door to the garden and two windows. A separate space from this is now used as a larder store and currently houses multiple fridge/freezers and hot water tank with boiler located externally. The lobby with two windows and stairs rising to the first floor completes the ground floor accommodation.

The first floor features four bedrooms all with views looking over the woodland. The master bedroom benefits from dual aspect windows, fitted wardrobes and an ensuite shower room with white suite including a walk in shower, WC and wash hand basin. Bedroom two features three windows and along with a vaulted ceiling gives a real sense of space. Bedroom three is also a comfortable double with fitted wardrobes and is found on the Eastern side of the property with dual aspect windows. The fourth and final bedroom also features a fitted warobe and window with countryside views. A family bathroom completes the accommodation and services bedrooms two, three and four with white suite including a bath with shower attachment, WC and wash hand basin.

Outside
The property is south facing and stands towards the rear of its garden with sun on the front of the property all day, which is mainly laid to lawn and is surrounded on three sides by mature broadleaf woodland. There is just the one neighbour and is not overlooked and is well screened by hedging and mature shrubs. There is a gravelled terrace that makes an excellent sunny spot for al fresco dining found off of the kitchen. Steps up from this lead to a terraced garden up to the mature woodland. In all the garden and grounds extend to about 0.66 of an acre.

Location
Uplyme offers facilities for everyday requirements, including a Post Office and Stores and Petrol Station with convenience shop. There is a lovely church, good local Inn (Talbot Arms), village hall, cricket club, playing fields and tennis court. The market town of Axminster, with its main railway connection to Waterloo (approximately 2 3/4 hours), is about 5 miles to the West and Bridport is some 11 miles to the East. The coastal resort of Lyme Regis, with all the day to day amenities one could require, is about 1 mile away and has recently been designated a World Heritage Site (nicknamed the Jurassic Coast), putting it in the same category as the Grand Canyon. The renowned Dorset and South Devon Coastal Path can also be joined at Lyme Regis. Taunton and Exeter are within a radius of about 30 miles, each with access to the M5 motorway. The county town of Dorchester is a similar distance away. The village is in the catchment area for Colyton Grammar School and the Woodroffe School.

Council Tax:
We are advised that this property is in Council Tax Band G. East Devon Council.

Services:
We understand the following to be correct but applicants should verify this with their own enquiries.

Electricity: Mains
Water: Mains
Drainage: Septic tank
Heating: Oil Central heating

Map location is not available for this property.

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

£ 703950

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
    £ 21250
  • 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

Adjust these figures

£

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

£ 66450
  • 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

£

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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