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3 Cheap Street, Sherborne, Dorset
£825,000 Guide Price
Bedrooms
Bathrooms
A charming four bedroom detached residence, centrally located within the town yet away from passing traffic.Offering off road parking, garage, workshop and attractive walled gardens. No onward Chain.
Purley Cottage is well located in a quiet location, yet within easy level walking distance of the town centre. The property is predominantly stone built with a later rear extension, under a slate roof and is set back from the road behind with a formal landscaped garden. Although there is a degree of modernisation required to the property, from viewing it will be clear to see what a special home this is.
Approached via a covered porchway an original timber door opens into a large and welcoming hallway off which lies a comfortable sitting room with focal fireplace. With a nearby downstairs bathroom, this sitting room could equally be converted into a bedroom if preferred. An inner hallway to the rear provides access to the fabulously light dining/garden room converted in 2022, which enjoys lovely views and doors onto the gardens. The drawing room is towards the front of the house and benefits from a dual aspect and gas fire. The kitchen, whilst in need of some modernisation, is excellent and provides plenty of space for a table and chairs. There is a gas fired Aga (green), space and connection for a fridge freezer and dishwasher along with a range of wall and base units. Beyond the kitchen is a conveniently positioned and spacious utility room with Belfast sink, space and connection for a washing machine and white goods with direct and very practical access to the garden.
Stairs rise to the first floor from the rear hall where there are three excellent double bedrooms with a southerly aspect and a single bedroom or study. The principal bedroom is light and bright with a very generous ensuite shower room with plenty of storage space. A family bathroom serves the remaining bedrooms and is well proportioned, offering scope to be divided to create a second en suite if so desired.
SERVICES
We understand that mains electric and water are connected to the property. Gas central heating.
Council Tax: Dorset CouncilBand G
ADDITIONAL INFORMATION
Broadband: FTTPUltrafast broadband is availablehighest available download speed 1000 Mbps, highest available upload speed 1000 Mbps. (Openreach).
Mobile Coverage: Available via EE, O2, 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.
East Mill Lane lies to the centre of the historic Abbey town of Sherborne within level walking distance of many of the towns amenities which include the Abbey, Sherborne House Arts Centre, a main line train station, three doctors surgeries, two supermarkets and a comprehensive range of shops, public houses and restaurants. Sporting, walking and riding opportunities abound within the area with golf clubs at both Sherborne and Yeovil while the region is well known for both its public and privately funded schooling. Communication links are good with the main line station linking directly to London Waterloo while road links are along the A303 joined
To the front of the property is an attractive landscaped garden, with off road parking at the front of the house and access to the garage. The gardens lie mainly to the rear of the property and provide a fantastic terrace that is the ideal area for outside dining. Beyond is an area of lawn bounded by a variety of well stocked flower borders and established shrubs with paths that lead to a small stone built shed and also give access around the side of the property to the front. There is a variety of ornamental trees including a cherry and a Juniper tree, whilst a scented Daphne bush, old climbing roses and a Wisteria along the back wall all play their part in creating a wonderfully peaceful and attractive space. Conveniently, access can also be gained from here to a large workshop/store and through to the garage and road beyond.
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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