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3 Cheap Street, Sherborne, Dorset
£575,000 Guide Price
Bedrooms
Bathrooms
A delightful and peacefully positioned, detached former lodge with autonomous annexe and a range of versatile outbuildings.
This delightful period home and former Gatehouse Lodge, is peacefully located at the entrance to the 17 acre grounds of the former Park School. The property has attractive stone elevations, with ornate detailing and attractive quoins all under a tiled roof.The setting is truly unique with a private setting and private drive leading to the property, private school and only a handful of other residents. The easy flowing accommodation comprises an entrance into the fitted kitchen, dual aspect sitting room with feature stone fireplace and woodburner, separate dining area that opens directly into the kitchen and therefore a very social space. There is a ground floor bedroom or study. The ground floor is completed by a convenient downstairs bathroom.
The first floor offers two bedrooms, both with different aspects over countryside, the principal bedroom having a fitted wardrobe.
For many years, the current vendor has successfully operated a cattery business at the property, utilising the range of cattery pens and outbuildings.There is the opportunity to use the goodwill of the site to start a business once again, or use the outbuildings for your own needs. There is scope for a detached home office/studio, and workshop/garage space as is desired by the prospective purchaser.
The Annexe
The annexe is completely autonomous from the house. The annexe has its own thermostatically controlled central heating and garden area. In brief, the property comprises of a wonderful sitting room with conservatory, fitted kitchen, and double bedroom with separate bathroom.
SERVICES
We understand that mains electric and water are connected to the property. Private septic tank drainage. Oil fired central heating. Separate boilers for the annexe and main residence.
Council Tax: South SomersetTax Band D for Main House
-- Tax Band A for Annexe
ADDITIONAL INFORMATION
Broadband: FTTPSuperfast broadband is availablehighest available download speed 80 Mbps, highest available upload speed 20 Mbps. (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 HIGH RISK from River/Sea and Surface Water flooding. The property is fully insured and has never flooded.
Chilton Cantelo is a small rural village, lying in between Mudford and Marston Magna and is home to the former Park School. There are nearby village Primary Schools and numerous public houses . The large commercial town of Yeovil is approximately a 10 minute drive to the south where all day to day amenities can be found together with secondary schooling and Yeovil College. Yeovil has its own train stations whilst there is a further station at nearby Sherborne. This famous Abbey town is well known for its period architecture and bustling high street.
The property has a two separate gated areas of parking, with a large gavelled parking area nearest the house, access is currently side gate only. Adjacent to the parking area is a detached timber studio and workshop with power connected. A timber gate from the parking area leads to a formal garden with level lawn and range of ornamental trees. The gardens are bordered by 20 cattery pens with designated office, kitchen, store-room and WC. There is a separate garden for the detached annexe.
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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