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£440,000 Guide Price
Bedrooms
Bathrooms
A beautifully presented and well-proportioned modern three bedroom detached home.
A superbly presented modern three bedroom detached property having been built about three years ago on this small development of just 8 properties in the heart of this idyllic town of Ottery St Mary. Situated on the banks of The River Otterand have been uniquely designed to blend in with their surroundings, built to a high level of specification and with attention to detail.
The accommodation comprises; entrance hallway, cloakroom, large triple aspect lounge, luxurious Mayflower kitchen witha handle less design feature, Silestone Quartz worktops, LED lighting under wall cabinets, integrated 19 bottle wine cooler andbuilt in appliances such asoven, induction hob, fridge/freezer and dishwasher. The adjoiningdining area opens out onto the rear garden, perfect for al fresco dining in the summer months.
To the first floor there is a master bedroomwith fitted wardrobes and contemporary ensuite shower with low level walk in shower tray, square drench showerand waterfall open taps. There are two further double bedrooms and a family bathroom with square drench showerand waterfall open taps.
The property has USB sockets to the kitchen, dining and living space, loft area with access ladder, composite security front door, uPVC triple-glazed windows, two PU roof panels for hot water and the remainder ofLABC Warranty.
Ottery St Mary is one of the oldest and most historic towns in Devon. It boasts a Collegiate church, modelled on Exeter Cathedral. The poet Samuel Taylor Coleridge was born in Ottery St Mary in 1772. There are numerous walks via marked footpaths. Nearby is a Sports Centre and Cricket Club, Bowling Club, Golf, Tennis, Swimming, and Riding/Livery are also available locally. There is an excellent range of schools within the Ottery St Mary catchment area, with a first class medical centre and hospital.
The town is also home to the world famous Tar Barrels celebration and festivities on November the 5th, where numerous local teams test their bravery and fortitude by running set courses while carrying flaming tar coated barrels on their backs - a truly magnificent spectacle, not to be missed. Ottery St Mary also has excellent links to the local road and travel networks with access to the A30, M5 and Exeter International Airport being only a short drive away. The City of Exeter with its multitude of further amenities is also only approximately twelve miles away and can be quickly reached via the A30.
The front is paved with flower boarders and a brick paved driveway to the side for one car. Side access to the rear leading to a further lawned garden with paved pathway and further flower boarders, external water tap andpower socket, sunny aspect andscreen fencing. There is also a further reservedparking bay.
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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