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£769,995 Guide Price
Bedrooms
Bathrooms
A beautifully presented four bedroom country residence sat in 2.7 acres which has recently gone through an extensive refurbishment programme.
Wig Wam is a remarkable country residence situated in the heart of a picturesque expanse of the Blackdown Hills. This magnificent property boasts a sprawling 2.7 acres of land, providing an unparalleled opportunity to indulge in a tranquil and spacious lifestyle. Meticulously improved and lovingly maintained by the current owners.
The property has an extremely fascinating history being built in 1907 by Mary Simcoe (a descendant of John Graves Simcoe, the first LieutenantGovernor of Upper Canada (now Ontario), who lived in Wolford Lodge situated just below this property). The Wigwam was formerly a workers cottage for the Simcoe Estate. Indeed his private chapel is still at the end of the lane and once inside it you are on Canadian soil!
Wig Wam offers a truly exceptional living experience that caters to the desires of even the most discerning individuals. Step inside the property and you be welcomed by a tastefully designed interior that exudes elegance and comfort. Every detail has been carefully considered to create a warm and inviting home. Special mention needs to be made of the wonderful galleried hall and landing. This includes a full length picture window which streams light into the property.
Kitchen and Dining: The heart of any home, the kitchen at Wig Wam has been extensively improved to meet the needs of even the most passionate home cook. The sleek design, high-end appliances, and ample counter space make is a joy to prepare meals and entertain guests. The current owners have exposed the original stone wall to create a wonderful feature.
Reception Rooms. The two spacious living areas are adorned with beautiful finishes enhancing the overall aesthetic appeal of the property. The property benefits from a delightful lounge area with double doors from the hallway and a feature fireplace with wood burning stove. From this area patio doors lead out to the conservatory. There is a further reception room to the rear of the property which would be ideal as a home office or maybe a cinema room.
Bedrooms and Bathrooms: Wig Wam features four generously proportioned double bedrooms. Three are on the first floor and the fourth is on the ground floor and includes an en-suite shower room. With ample natural light and stunning views of the surrounding landscape and the sea on a clear day. The family bathroom has been relocated and thoughtfully designed to offer modern fixtures and luxurious amenities, ensuring your comfort and convenience.
The property further benefits from double glazing throughout and individually controlled modern electric oil fired central heating in all primary rooms.
The property is situated in a glorious, private, rural setting on the southern edge of the Blackdown Hills, an Area of Outstanding Natural Beauty. The property is approached via a private drive, in an elevated position.
The house is about 4 miles from the thriving market town of Honiton. Amenities meet most everyday requirements and include churches, schools, library, health centre, banks, Post Office, various shops, supermarkets, garages, inns and restaurants. The cathedral city of Exeter is within easy reach and offers a wide range of cultural, educational, recreational and shopping facilities. Travel links are very convenient with access to the M5 motorway at Junction 28 (approx. 15 minutes away). Tiverton Parkway railway station (approx. 25 minutes away) has regular intercity services to London Paddington (just over 2 hours) as well as the Midlands and the north.
As you approach Wig Wam, you are immediately captivated by the propertys stunning curb appeal. Nestled amidst lush greenery, this expansive plot offers a private haven where you can escape the bustle of everyday life. The 2.7 acres of land provide ample space for outdoor activities and gardening. This includes a generous gated driveway with ample parking and access to a double garage which includes light and power.
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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