Are you an Estate Agent? Register here
3 Cheap Street, Sherborne, Dorset
£1,295,000 Guide Price
Bedrooms
Bathrooms
A rare opportunity to purchase a fine and individually built four bedroom detached house, occupying a pleasant position in one of Sherbornes prime locations. Tastefully renovated to the highest of standards. South facing gardens, double garage and parking.
Fortunes Fold was architect designed and individually built in 1992 of natural stone elevations with brick detailing, under a tiled roof. In more recent years the property has been extended and a great deal of care and attention has gone into the revised layout and wonderful high specification finish. The principal living areas and bedrooms have a stunning south westerly outlook over the formal gardens. Viewings are recommended to witness the attention to detail throughout. No expense has been spared in the quality of the fittings, with beautiful oak flooring and tiled feature walls, alongside a bespoke kitchen and individually styled bathroom and en suites. In summary the accommodation comprises entrance hall, cloakroom, dual aspect study, south facing sitting room with Ashlar stone fireplace and woodburner, with a masterpiece open plan kitchen/dining and family room combined. The kitchen has a stunning central island and breakfast bar, with a range of handmade cabinetry and Neff integrated appliances.
The bedrooms are split over two floors, the first floor has three well proportioned double bedrooms with fitted wardrobes, the principal bedroom having a particularly fine en suite with free standing bath and sperate walk in shower. A shower room located on the first floor serves the remaining bedrooms. On the second floor there is an additional bedroom suite with an enviable view of Sherborne Abbey and its own contemporary en suite.
SERVICES
We understand that mains electric, gas, water and drainage are connected to the property. Gas fired 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, Three, 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.
Fortunes Fold lies to the centre of the Abbey town of Sherborne within level walking distance of many of the towns amenities which include the Abbey, a main line train station, two doctors surgeries, two supermarkets and a comprehensive range of shops, public houses and restaurants. There are 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 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.
Approached from East Mill Lane is a shared block paved driveway leading to parking and a semi-detached double garage with roller doors, light and power. A short flight of steps lead to the enclosed south facing garden, partly walled with feature water fountain and tastefully landscaped with level lawn and mature floral borders. A paved pathway leads up to the property with a generous sun terrace abutting the property, perfect for outside entertaining. There is a greenhouse and side access to the landscaped front garden, with gated pedestrian access onto Long Street.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy