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3 Cheap Street, Sherborne, Dorset
£1,150,000 Guide Price
Bedrooms
Bathrooms
A fine and most appealing four bedroom 1930s detached residence, privately positioned in one of Sherbornes most sought after residential roads. Beautiful gardens and grounds amounting to approx. 0.41 acre with detached double garage and ancillary accommodation.
Quinta is believed to have been built in the 1930s and has classic brick elevations under a tiled roof, which was fully renovated in recent years. The property has been well cared for by the current owner, with the addition of a stone built double garage and versatile bedroom/studio above. The property sits to the centre of its generous plot giving rise to extension possibilities, subject to necessary consents. Many original post art deco features have been retained, with the principal rooms well positioned and offering a southerly orientation over the gardens. In summary the accommodation comprises porchway and entrance hall with parquet flooring, cloakroom, study, sitting room with stone fireplace and woodburner inset, fitted kitchen with pantry and dining area. Upstairs the property offers four well-proportioned bedrooms, with both the principal bedroom and guest bedroom offering fitted wardrobes. The bedrooms are served by both a family bathroom and tastefully fitted separate shower room.
SERVICES & OUTGOINGS
We understand that mains electric, gas, water and drainage are connected to the property. Gas fired central heating. Solar Panels for hot water heating.
Council Tax: Dorset CouncilBand G.
ADDITIONAL INFORMATION
Broadband: FTTPUltrafast broadband is availablehighest available download speed 1800 Mbps, highest available upload speed 1000Mbps. (Openreach).
Mobile Coverage: Available via EE, O2, THREE and VODAFONE. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
Flooding: The property is in an area at a VERY LOW RISK from River/Sea and Surface Water flooding .
Quinta is located on The Avenue, which is one of the most sought after residential roads in Sherborne comprising for the most part of large Victorian/Edwardian red brick houses. The property lies within short walking distance of the main thoroughfare of Sherborne that has a wealth of amenities that include the Abbey, Sherborne House Arts Centre, a main line train station and a comprehensive range of shops, public houses and restaurants. The local regional centre of Yeovil lies within short motoring distance and with Sherborne provides an excellent range of cultural, recreational and shopping facilities. Sporting, walking and riding opportunities abound within the area while the region is well known for its schools which include the Sherborne Schools, the Bruton Schools, Millfield, St Antonys Leweston. Communication links are good with the main line station linking directly with London Waterloo while road links are along the A303 joined at Wincanton giving swift access to London and the Home Counties along the M3, M25 route.
A private gated entrance gives way to a tarmac drive that runs along the right hand side of the property to both a parking and turning area and access to the stone built double garage and first floor bedroom/studio with en suite shower room. The formal gardens lie on the south side of the property and are laid to lawn, with an area of raised terrace close to the house edged by mature shrubs and specimen trees. To the side and rear of the house there are is an array of substantial fruit and vegetable gardens, intertwined with paved paths with to one corner a paved sun terrace. The property is enclosed by a mixture of stone walls and mature hedging providing a peaceful and private setting so rarely found in a town centre location.
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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