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Market Place, Colyton
£565,000
Bedrooms
Bathrooms
Centrally situated in the village of Colyford, this substantial Grade II Listed detached house has, in the past been used as a Bed and Breakfast. The current arrangement of rooms is such that this could easily be reinstated, should a new owner be looking for this kind of business. Alternatively, the property makes a great family home with plenty of space to cover flexibility of living. In all, there are six bedrooms, two of which are on the ground floor, offering a great opportunity for multi-generational living if required. There are a number of other rooms, one of which is a living room with a fabulous Inglenook fireplace with bread oven and flagstone floors. Across the hallway is a dining room, which leads to a breakfast room and on to the kitchen. In addition, there is a separate utility room and laundry room/study. Outside, there is ample parking for several vehicles and a generous timber garage with remote door. The garden lies to the side of the garage and behind the house comprising a patio seating area, lawn and shrub border and mature hedged offering complete privacy. The property has an abundance of character with original beams running throughout the property and many original square leaded windows with monkey tail handles.
Colyford village is situated along the Jurassic coast road, just inland from the beach at Seaton and the pretty Axmouth harbour as well as the Axe Estuary, which is a haven for wildfowl. Amenities in the village of Colyford include a Post Office & General Stores, a butcher`s shop, two pubs, a church, a village hall and a leisure centre. Colyford is also home to the well regarded Colyton Grammar School. A larger range of facilities can be found at nearby Seaton, which is just over 1.5 miles away or Axminster, 6 miles to the north, where there is a mainline train service to London. The city of Exeter is approx. 23 miles.
The accommodation, all measurements approximate, comprises:
GROUND FLOOR
Solid hardwood front door into
HALLWAY
A through, front to back hallway with doors off to right and left. Stairs rising to first floor. Doors leading to dining room, living room and rear lobby. Radiator.
LIVING ROOM - 5.69m (188') x 4.83m (1510')
Window to front with window seat and further window to rear. Large inglenook fireplace (for open fire) with bread oven. Flagstone floor. Television point. Radiator. Door to
SMALL LOBBY
Deep cupboard. Doors to bathroom and
BEDROOM TWO - 3.25m (108') x 2.54m (84')
Window to front. Radiator.
BATHROOM
Obscure glazed window to rear. Fitted with a white suite comprising panelled bath, w.c. and pedestal wash hand basin. Radiator.
MAIN HALLWAY
also leading to
DINING ROOM - 5.89m (194') x 3.48m (115')
Windows to front with window seat and window to rear. Fireplace with open fire and tiled hearth. Understairs cupboard. Television point. Two radiators. Door and step down to
BREAKFAST ROOM - 2.87m (95') x 2.24m (74')
Door to rear garden/parking area. Radiator. Door leading to
KITCHEN - 3.43m (113') x 3.2m (106')
Windows to the side and rear. Fitted with a range of wall and base units with laminate work surfaces and tiled splashbacks with inset composite sink. Integrated Neff appliances including dishwasher, electric double oven and grill, ceramic hob with cooker hood above. Space for table and chairs. Corner shelving unit. High level cupboards. Ceramic tiled floor. Opening to
UTILITY ROOM
Fitted with base units. Inset enamel circular sink. Space and plumbing for washing machine and fridge/freezer. Ceramic tiled floor. Radiator. Door to
LAUNDRY / STUDY - 2.97m (99') x 2.06m (69')
Window to front. Built in larder cupboard. Further recessed cupboard. Quarry tiled floor.
REAR LOBBY
(Off main hall.) Door to garden. Radiator. Door to
BEDROOM ONE - 4.52m (1410') x 3.94m (1211')
Window to side. Radiator. Door to
ENSUITE
Obscured glazed window to side. Fitted with a white suite comprising corner shower, w.c. and wash hand basin set in base unit with cupboards beneath. Chrome towel radiator. Vinyl flooring.
FIRST FLOOR
LONG LANDING
Two windows to rear. Built in linen cupboard with radiator. Smoke detector. Fire alarm. Radiator.
BEDROOM THREE - 4.98m (164') x 3.99m (131')
Window to front with window seat. Large chimney breast with deep recess to one side. Pedestal wash hand basin. Radiator.
BEDROOM FOUR - 5.16m (1611') x 3.94m (1211')
Window to front with window seat. Small period fireplace. Pedestal wash hand basin. Loft hatch. Radiator.
BEDROOM FIVE - 5.44m (1710') x 2.49m (82')
Window to front. Pedestal wash hand basin. Radiator.
BEDROOM SIX - 4.04m (133') x 2.39m (710')
Window to side. Radiator.
SHOWER ROOM
Fitted with panelled shower enclosure. Tiled walls.
BATHROOM
Window to side. Fitted with a suite comprising panelled bath, w.c. and pedestal wash hand basin. Radiator.
WC
Folding door, fitted with an avocado suite comprising w.c. and wall mounted wash hand basin. Extractor.
OUTSIDE
The vehicular entrance is at the side of the property with a five bar gate and pedestrian gate leading to the inner drive. Outside the gates is sufficient parking for two vehicles. Within the gates is a further driveway providing parking for several vehicles and leading to the garage.
BOILER ROOM
Integral to the house and sited within the former outside loo. Worcester gas boiler and pressurised hot water cylinder. Pedestal wash hand basin. Quarry tiled floor.
GARAGE - 5.23m (172') x 4.27m (140')
Electric up and over door to front. Window to side. Power and light.
GARDEN
The southerly facing rear garden is well screened by a mixture of mature hedging including laurel with adjoining mixed shrubs, lawned area and patio. Walnut tree (with Tree Preservation Order) and Beech tree. Outside tap.
SERVICES
All mains services are connected in the main house. Water is not metered.
COUNCIL TAX
East Devon District Council. Band F. Currently 3,328.11 (2024/25).
EPC RATING
Exempt as Grade II Listed.
ADDITIONAL INFORMATION
The majority of the windows in the main house are single glazed. Some secondary glazing. The roof was re-thatched and re-ridged January 2024.
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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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.
Market Place, Colyton
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