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£670,000 Guide Price
Bedrooms
Bathrooms
A large four bedroom detached country residence sat in a generous 0.32 acre plot situated in the highly sought after village of Upottery.
Rivendell is a bespoke modern detached family home constructed in 1993 by a local builder.
The property offers well appointed and spacious accommodation with three reception rooms, a spacious hallway, a kitchen that will easily accommodate a table, a good sized utility and a ground floor wc. There is also access into the garage from here. On the first floor there is a large full length principal bedroom with dressing room and ensuite bathroom. There are two further double bedrooms and a generous single room accompanied by a family bathroom.
The property further benefits from a solar array bringing in a tariff of over 600 per annum and an electric car charging point.
Upottery is a highly regarded village and is wonderfully set within the picturesque Otter Valley, forming part of the Blackdown Hills, which is an area of outstanding natural beauty. Upottery has a very good primary school, public house/ restaurant, parish church, village sports field, and other village amenities, all within easy access of the A303. The nearby town of Honiton is well served with shops, restaurants, public houses, sports centre, hospital, medical centre, schools as well as a main line rail station with a direct link to London Waterloo. Honiton enjoys excellent transport links with the A30 dual carriageway providing easy access to the cathedral city of Exeter and the M5 motorway, as well as the A303 Exeter/London trunk route. An international airport is available at Exeter.
The property is approached via a shingle driveway leading to the double garage with an electric car charging point inside.
Two side gates give access to the side and rear gardens comprising of a beautifully kept lawn with well stocked inset flower and shrub beds and borders. To the immediate rear of the house is an extensive paved patio area and pergola offering itself as an ideal entertaining space, all enjoying a far reaching countryside view. The current owners bought some extra land which now gives the property an impressive 0.32 acre plot.
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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