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Market Place, Colyton
£685,000
Bedrooms
Bathrooms
A beautifully situated detached bungalow with grounds of around 3.5 acres set in a quiet, no-through lane surrounded by countryside and yet within just a mile of the village centre and local shops. The property has a colonial feel with a wrap around veranda to the front, from where you can enjoy the outlook over the garden and the gently sloping fields beyond. The charming accommodation currently comprises three bedrooms, family bathroom, living room, kitchen/dining room and conservatory. There is ample level garden around the property to provide space for extending if required (subject to consents). A gated driveway leads in from the quite, no-through lane, where there is parking and turning space. The garden surrounds the house on all sides with the land sloping gently away down hill. Just below the garden at the top of the field, is a timber built stable block providing two loose boxes and a large foaling box/tack room with a level yard in front and field access from here. The stables face and lead onto the adjoining fields. The house is well presented and benefits from central heating and double glazing.
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
PORCH
Pretty open fronted porch with brick detailing over the archway. Half glazed uPVC front door into
HALL
Central hallway with doors to all rooms (apart from the conservatory). Picture rails. Radiator.
LIVING ROOM - 4.28m (141') x 3.85m (128')
Window to front with window seat and further window to side. Fireplace fitted with a multi-fuel stove. Recess to one side is built-in with a lower cupboard and shelves above. Picture rail. TV point. Radiator.
KITCHEN/DINING ROOM - 6.4m (210') Max x 3.28m (109')
Windows to front and rear and French doors to the conservatory. The kitchen is fitted with a range of wall and base units with laminate work surfaces and inset composite one and a half bowl sink unit and drainer.
Integrated appliances include: Hotpoint electric double oven/grill, ceramic hob with cooker hood above and Hotpoint dish washer. Space for fridge/freezer. Space and plumbing for washing machine. Cupboard housing oil fired Worcester boiler for central heating and hot water. Space for large table and chairs. Loft hatch. Laminate flooring. Radiator.
CONSERVATORY - 2.93m (97') x 2.73m (811')
Dwarf wall with uPVC double glazed windows and roof. Doors to garden.
From hall...
BEDROOM ONE - 4.51m (1410') x 3.37m (111')
Window to front with window seat and further window to side. Picture rail. Built-in cupboard to recess. Radiator.
BEDROOM TWO - 3.38m (111') x 2.95m (98')
Window to front with window seat and further window to side. Picture rail. Built-in cupboard to recess. Radiator.
BEDROOM THREE - 2.75m (90') x 2.3m (77')
Window to rear. Picture rail. Radiator. Stripped wooden floor.
BATHROOM
Obscure glazed window to rear. Fitted with a white suite comprising double ended bath, w.c. and wash hand basin set on base unit with drawer and shelves beneath. Splashback tiling. Laminate flooring. Chrome ladder style radiator.
OUTSIDE
The property is located along a quiet, no-through country lane. A small number of other properties are dotted along the lane but nicely spaced meaning that there are no very close neighbours. The entrance to the property is gated with stone walls either side providing an attractive approach. A large gravelled drive provides turning space with parking for several vehicles. A paved path leads to the front entrance where there is a large decked area and veranda. From the decking there is a lovely outlook over the garden towards the stables and land belonging to the property. With mature trees to the side proving screening from the adjoining fields. A path wraps around the house leading to the side and rear, where the oil tank is situated along with a summer house with power. There is plenty of space for hanging washing offers bin storage.
The main garden lies to the front of the property and is mainly laid to lawn with a number of mature trees and shrubs including a large Palm, Fig trees and a beautiful Wisteria on one side of the bungalow. Most of the boundaries have mature hedging.
Beyond the garden, the ground slopes down towards the stable block and field.
STABLES - 13m (428') x 4.6m (151')
Built on a concrete base, with power and light, the stables comprise:
BOX 1: (4.20m x 3.60m)
BOX 2: (4.20m x 3.60m)
BOX 3/FOALING BOX/TACK ROOM: (4.50m x 4.60m)
HARDSTANDING - 13m (428') x 6.5m (214')
Concrete level yard in front of the stables enclosed with post and rail fencing an a gate into the paddock.
LAND
The land slopes gently away to the south east with mature hedges and trees running along the borders. A gate leads directly on to Holyford Lane.
SERVICES
Mains electricity and water services are connected. Water is metered. Oil fired central heating. Private septic tank drainage.
COUNCIL TAX
Band D. East Devon District Council. 2304.08 (2024/25).
BROADBAND
Broadband availability at this location can be checked through:
MOBILE
Mobile coverage can be checked through:
FLOOD RISK
Flood risk Information can be checked through the following:
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.
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