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£1,800,000
Bedrooms
Location
Summer House is situated in an area of outstanding natural beauty at the foot of St Agnes Beacon, approximately 1 mile from the centre of the village. St Agnes has a vibrant year round community which is well served with a range of day to day amenities, including bars, cafes, restaurants, delightful independent food & retail businesses a doctors surgery and even its own museum!
The area is popular with visitors and locals alike who come to explore the area via the SW Coastal Footpath and to visit the iconic Wheal Coates Engine House & nearby Beacon, with much of the area under the ownership and care of the National trust. There are several glorious beaches within the area including Chapel Porth & Trevaunance Cove that are popular with bathers and surfers year round.
St Agnes lies approximately 8 miles from the city of Truro which offers schooling for all ages, a range of national and niche retailers, a station on the main Penzance to Paddington Rail line and is also home to the recently refurbished Hall For Cornwall that regularly plays host to visiting West End productions and music events.
Description/Overview (Please see attached Floorplan and 3D Tour for further information)
Summer House has recently been remodelled and extended by our client to ensure that all of the principal rooms benefit from the spectacular views across the surrounding coastline. The property is extremely well appointed with a superb kitchen, a wood burner in the main living area, engineered wood flooring to several of the rooms, contemporary radiators with the property benefitting from an air source heat pump and double glazing throughout.
Ground Floor
Spacious entrance hallway, laundry/utility room, cloakroom, gym/study, open plan living area (incorporating the kitchen/dining area and sitting room), snug/TV room, rear entrance lobby, garage.
First Floor
Galleried landing, master bedroom with en-suite, 3 further bedrooms and a family bathroom.
Annexe
Open plan living area, bathroom and double bedroom.
Externally
Summer House sits within pleasant, low maintenance grounds laid mostly to lawn with a circular driveway and ample parking. The main house and annexe have separate terraces providing wonderful space for alfresco dining/entertaining.
INFORMATION:
Mains: Water and electricity. Private drainage.
Tenure: Freehold
Council tax band: C
EPC: B82
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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