4 bedroom detached for sale

£1,100,000

4

Bedrooms

2

Bathrooms

Floorplan

A magnificent Grade II listed barn conversion, situated within a beautiful 2.3 acre plot with established equestrian facilities and working livery on the outskirts of the desirable village of Petham. The property has been meticulously restored whilst retaining a wealth of period features throughout. The accommodation is incredibly versatile and includes a single-storey annex that is completely self-contained but also has scope to be incorporated within the main residence. On arrival, a shingled driveway leads to a separate piece of gated land opposite the main house with a variety of fruit trees, ideal for additional parking and the current owners had previously had planning permission granted for a detached triple garage. Hedgerows form a border to the barn giving a real sense of privacy and a gate leads to the incredibly attractive knapped flint front elevation. Upon entry, a vestibule gives entry to the principal reception room which has a wonderful vaulted ceiling with a Victorian spiral staircase and a double sided wood burning stove set within an exposed brick chimney breast. Beautiful timber flooring flows through the separate dining room and into the fantastic kitchen/breakfast room which has been modernised and is a fantastic social space for entertaining; there is an array of built-in floor and wall units, a central island all with contrasting granite work surfaces and integrated appliances. A separate utility room houses the boiler and all laundry facilities. The room has been well designed to utilise all of the space with ample storage units and gives access to a ground floor shower room. From the living area, a door leads through to the left wing of the property offering a stunning third double bedroom and bathroom, again with wonderful vaulted ceilings and exposed wooden beams. There is also access to a fourth bedroom/living space with ensuite shower room that currently is being used as an annex. This self contained living space is well equipped with both laundry and cooking facilities. There are two staircases to the first floor that flow through to two further double bedrooms with Velux windows and the most glorious views over the paddocks. To the outside of the property, there are many nooks and seating areas to the garden that wrap around the entire barn. Landscaped to the highest of standards, a wide variety of colourful plants, trees and shrubs give all year round colour creating a quintessential cottage garden. Across the shingled driveway takes you to the paddocks and field; there is a stable block with water supply and power in addition to the paddocks with have fencing dividing the three fields. The views are simply stunning with a backdrop of wonderful rolling countryside, an Area of Outstanding Natural Beauty. The property is on mains drainage and has oil-fired central heating.
The barn is located on the outskirts of the picturesque rural village of Petham just a very short distance from Stone Street. The village offers a well-regarded primary school, Church of All Saints, and village hall, where many events take place. This area is in a designated Area of Outstanding Natural Beauty within the Chartham Downs. Canterbury city centre is about five miles away which offers many cultural interests, excellent shopping centre, good choice of cafs, restaurants, wine bars and the Marlowe Theatre. The property is also well placed for road and rail connections with the high-speed train operating from Folkestone Central, Folkestone West, Canterbury West to London St. Pancras in just under an hour. Canterbury East operates mainline services into neighbouring town and villages. Road connections are also good with the A2 linking into the M20 & M25 and M2 motorway network. The Port of Dover and Channel Tunnel Terminal at Cheriton both provide services to the continent.

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

£ 906450

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

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 27500
  • 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

£ 81450
  • 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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