8 bedroom detached for sale

£1,350,000 Guide Price

8

Bedrooms

6

Bathrooms

Floorplan

Littlewater Farm offers a wonderful lifestyle opportunity with letting potential (subject to planning consent) , or for multigenerational living in an idyllic private setting.

The property comprises a main 4 bedroom farmhouse along with an excellent range of well maintained outbuildings, and 2 further immaculately presented detached properties formerly used as established holiday lets. Located around a courtyard setting, there is also approximately 9 ACRES of land including a field shelter.

Having been maintained superbly throughout and formerly successfully run as a holiday let business, Littlewater Farm comprises 3 properties. The farmhouse, has a wonderful kitchen with Rayburn, dual aspect lounge, and 4 bedrooms, 3 bath/shower rooms (one ensuite). Lake View House, converted from a granary, has kitchen, dual aspect lounge, conservatory/dining and 2 generous double bedrooms, bathroom and cloakroom. The third property Honeysuckle Cottage, a single storey barn conversion, also has 2 generous double bedrooms (each with en suite) and a spacious central open plan living/kitchen. Each has its own large private garden and sitting areas for al fresco dining.

There is an extensive range of outbuildings providing garaging, storage, workshop space and including a large barn that could provide home office or games room.

The land comprises a tree lined walk that opens up to reveal a substantial lake (with resident ducks), and there are mown pathways leading through the meadow areas and woodland. There is a small orchard with apple, pear, cherry and walnut trees. There are raised fruit and vegetable beds. The sellers make jam, chutney, sloe gin and cordials from the produce of the land. There is a plethora of wildlife visitors including ducks, geese, foxes, deer, tawny and barn owls, buzzards, kestrels, woodpeckers and numerous other species, many nesting too.

Information

Freehold.

EPC ratings: Littlewater Farmhouse C72, Lake View House E45, Honeysuckle Cottage D65

Heating: Littlewater Farmhouse: Solid fuel. Lake View House: LPG. Honeysuckle: Oil underfloor heating

Double glazing to each property.

PRIVATE Water and drainage

Photovoltaic panels are owned and reduce the electricity requirement and there is an iboost for hot water.

Holiday Let Contents by negotiation

Council Tax band E

Littlewater Farmhouse

Sunroom
3.1 x 2.24 (102' x 74')

Utility Room
2.71 x 1.61 (810' x 53')

Kitchen/Breakfast Room
6.26 x 3.34 (206' x 1011')

Living Room
6.57m x 3.56m (216' x 118')

Dining Room
3.29 x 2.27 (109' x 75')

Hall

Office/Porch
1.59 1.34 (52' 44')

Shower Room
1.89 x 1.68 (62' x 56')

Landing

Bedroom
3.59 x 3.59 (119' x 119')

Ensuite
1.89 x 1.01 (62' x 33')

Bedroom
3.26 x 2.97 (108' x 98')

Bedroom
3.56 x 2.89 (118' x 95')

Bedroom
3.48 x 2.23 (115' x 73')

Bathroom
2.93 x 1.81 (97' x 511')

Lake View House

Hall

Lounge
4.36 x 3.23 (143' x 107')

Kitchen
4.37 x 3.19 (144' x 105')

W.C

Conservatory
3.11 x 2.67 (102' x 89')

Landing

Bedroom
4.35 x 2.70 (143' x 810')

Bedroom
3.31 x 2.54 (1010' x 83')

Bathroom
2.22 x 1.78 (73' x 510')

Honeysuckle Cottage

Kitchen/Living Room
6.82m x 4.40 (224' x 145')

Bedroom
4.41 x 3.03 (145' x 911')

Ensuite
2.14 x 1.60 (70' x 52')

Bedroom
2.71 x 2.69 (810' x 89')

Ensuite
2.09 x 1.61 (610' x 53')

Location

Located on the eastern side of Goonhavern, there are local facilities in the village including convenience store, post office, public house, restaurant, greengrocer, village hall, excellent garden centre with fruit store, pet store, and various other businesses included as well as primary schooling. The famous sandy beach at Perranporth, where an extensive range of independent shops, cafes and restaurants are available is 3 miles distant, and the tourist resort of Newquay is some 7 miles distant with its numerous beaches. Truro city is 7 miles distant and is the main commercial, retail and educational hub for the county.

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

£ 1125200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 33750
  • 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

£ 112700
  • 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

Adjust these figures

  %

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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