4 bedroom detached for sale

£600,000

4

Bedrooms

2

Bathrooms

Floorplan

Grade II Listed, large Farmhouse which has been sympathetically and beautifully restored and updated, situated in the picturesque village of Axmouth close to the coast.

This Grade II Listed thatched farmhouse has origins dating back, we believe to 1530 and is situated in the heart of the picturesque village of Axmouth which is close to the coast. This property was purchased by the present vendors in 2019 and since that time has been sympathetically and painstakingly restored. Every effort has been taken to use tradesmen with knowledge of historic properties throughout the restoration of this property. Axe Farmhouse now offers a character property yet with all the benefits of a modern home. The works carried out have included re-wiring, re-plumbing with new radiators throughout, new bathroom and shower room, a fully insulated external office/studio, new carpets and flooring, redecoration throughout and a delightful bespoke fitted kitchen.

Axe Farmhouse is a wonderful example of a historic thatched property with lovely character features expected of a property of this age, including flagstone floors, beams, panelled walls, exposed beams and timbers, inglenook fireplace and exposed stone walls. This beautiful property truly needs to be viewed internally to be fully appreciated.
A large panelled front door opens to a cross passage hall with flagstone floors, original panelled walling and cupboard with door to rear. A lobby area to the rear leads to a door to a utility room and WC, with space and plumbing for washing machine and tumble dryer with cupboard space. The accommodation splits left and right from the cross passage hall. To the left is an inner hallway with exposed beams and stone walls with a porthole looking through into the Inglenook fireplace and another door to the living room. The sizeable living room has a large inglenook original fireplace (currently blocked off) with large beam over, central beam, and two windows to the front with a feature wooden window seat. A door from the cross passage hall leads into a spacious formal dining room, which is a double aspect room with original window seat to front and panelled walls with exposed timbers and beams. Two doors lead into the kitchen/breakfast room which is a particularly large double aspect room. This has been beautifully designed and fitted with a bespoke fitted kitchen. The kitchen has a vast array of sage green matching base and wall units with oak solid oak work tops with matching up stands, a central kitchen island unit incorporating a breakfast bar, an inset one and a half bowl enamel sink, large space for range style oven with splash back and extractor over. In addition, there is an integrated full size fridge and freezer, dishwasher and recycling bins and a wine storage unit. There is ample space for table and chairs, inset spots, tiled flooring a central beam and a large part glazed, stable door. Accessed from the internal hall is bedroom 4, which is an en-suite double bedroom with a fireplace, shelving and a built-in wardrobe. A door opens to an en-suite shower room with a walk-in shower with a large rainfall shower head, WC and wash basin set over a vanity unit.

There are two curved staircases, one which leads from the inner hallway and the other from the main cross passage hall. The stairs from the inner hall rise to a small landing area with a door which opens directly into Bedroom 2 which is a really impressive double aspect spacious room, with an original fireplace with beam over, exposed beams to ceiling, and view to rear towards the Axe Estuary and the countryside. A curved door set within a part panelled wall opens into the main landing area with exposed beams and timbers, again with a window to the rear looking out towards the Axe Estuary and countryside. From here a door opens to a large bathroom with a white suite comprising a double ended bath with central shower mixer taps, WC, wash basin and large walk-in shower with marble effect textured aqua boarding with a large rainfall shower and a separate hand held shower. The flooring is wood effect waterproof laminate flooring and there are exposed timbers and beams. A further, original doorway continues along the landing with the second set of stairs down to the ground floor. From this landing area access is gained to Bedroom 3 which is another good sized bedroom with exposed timbers and an interesting curved ceiling. Beyond this room is the principle Bedroom 1 which is a particularly large double bedroom with window giving partial views towards the Axe Estuary and countryside and has a large range fitted wardrobes and a cupboard housing the water cylinder. This room also has exposed beams and an access hatch to loft.

Outside:
Access is gained to Axe Farm through a gate opening to a driveway with parking in front of a detached garage, which is a former cider barn. Additional wooden double gates give access to further parking in front of the property. The rear garden is predominately laid to lawn with a couple of gravelled seating areas, beyond which is a large decked area with a hot tub inset. This area is surrounded by a wooden fence which gives the property a great deal of seclusion and privacy. Lovely views can be enjoyed from the garden looking out towards the Estuary and countryside beyond. In addition there is a concealed 1200 litre oil tank, External PIR lighting and water tap.

Converted Office/Studio: Fully insulated with wood effect flooring, window to front and a cupboard which houses the oil central heating boiler.

N.B.: Additional land and barn potentially available under separate negotiation from a third party.

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Council Tax: We are advised that the property is Council Tax Band F. East Devon District Council. Tel: .

Services: We are advised all mains services except gas are connected

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

£ 497700

Mortgage Loan to Value

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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

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 15000
  • 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

£ 47700
  • 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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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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