4 bedroom detached for sale

£1,075,000 Guide Price

4

Bedrooms

4

Bathrooms

Floorplan

A beautifully presented bespoke and modern four bedroom detached home situated in a private location in around 0.41acres.


Shuteleigh is an exceptional detached 3000 sq.f home which was constructed in 2006 and built to an extremely high standard with high quality fixtures and fittings throughout. The property enjoys breathtaking panoramic views over the countryside from all of its principal rooms and the property is particularly light and spacious blending traditional features such as the exposed timbers and impressive brick fireplace with heavy oak lintel, with a stylish and modern feel.

The kitchen has been designed and fitted by The Colyton Kitchen Company and is a real feature of the property fitted with double Neff ovens and granite work tops. The living room is a particularly light and impressive room in the heart of the house with its large picture windows appreciating the beautiful views of the countryside as well as an impressive fireplace with wood burner. This room then opens into the vaulted dining room with windows and French doors leading to the large rear terrace.

Shuteleigh benefits from zonal underfloor heating to much of the ground floor, a hard-wired fire alarm system and PIR system.There are four double bedrooms all with fitted storage and en-suite shower rooms or bathrooms which are split over two floors making the house ideal for multi generational living.

Agents note: The property has recently had full fibre internet connected to the house. There is a magnificent BBQ lodge in the garden which is available by separate negotiation.

Set on the edge of the bustling village of Kilmington, the property sits in a quiet lane. The village has a lovely community with an array of facilities, clubs and events including two pubs, and two churches, renowned primary school, cricket pitch, tennis court, garage with shop and the popular Millers Farm shop.

The village has a bus service to the nearby market town of Axminster with a mainline station to London. The Jurassic coast is a short distance to the south with Lyme Regis, Beer and Sidmouth an easy drive away.

A range of educational facilities are in the area including Colyton Grammar school which is around 4 miles away.

The property is approached from the old Roman road through double timber gates to a large gravelled turning area which provides ample driveway parking. There is an integral double garage which has an electric roller door. Stairs from the garage lead to a fantastic room above the garage. This would make an ideal home office, fifth bedroom or studio.

The gardens are laid principally to lawn with several shrub beds including a small rose garden. There is a large terrace with steps rising to the lawn, and a second terrace to the front which takes advantage of the glorious views.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 884575

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 26875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 78325
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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