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£600,000 Offers in excess of
Bedrooms
Bathrooms
A three bedroom detached small holding being sold with no onward chain and includes a three bedroom detached bungalow, outbuildings and 5.72 acres.
A magnificent and unique opportunity has arisen to purchase this fabulous small holding. This much loved home has been in the same family for over sixty years. Although now in need of refurbishment , the property has been extremely well looked after and is presented very well. This is a real opportunity for anyone looking for the good life and a home to make their own.
The bungalow includes a hallway, bathroom, two double bedrooms, a single bedroom, a lounge and kitchen/diner. To the rear of the kitchen is a large utility/boot room with a sink and plumbing for a washing machine.
The property further benefits from double glazing throughout and gas central heating.
Orion Rise occupies an accessible rural position on Northcote Hill and is situated on the southern periphery of the sought after East Devon Area of Outstanding Natural Beauty. The landscape is widely regarded as some of the most attractive countryside in the county.
The property enjoys a delightful setting situated to the east of Honiton. Honiton provides a good range of everyday shopping, banking, recreational and educational services, including primary and secondary schooling. The A30/A303 Exeter/London trunk route is also available together with main line rail connections to London (Waterloo). Access to the M5 motorway is available at Exeter (J29), Cullompton(J28) and Tiverton (J27) from where the larger centres of Exeter, Taunton and Bristol are all within easy reach. An international airport is available at Exeter and the world renowned Jurassic south coast may be reached some 14 miles to the south.
Sat on an elevated position within 5.72 acres, this amazing property package has some of the most incredible views you are likely to see in East Devon.
The property is accessed via a driveway leading up to a parking area and two single garages. One timber and one block with light and power. Behind the block garage is a very useful store. Behind the garages is a large timber chicken shed.
Around the front of the property is a pretty formal garden with an array of fruit tress plants and shrubs. To the east of the plot are double gates leading to a yard with several agriculture outbuildings in it and above, offering huge potential for stables or space for other animals.
There are two five bar gates from this area leading on to the pasture land. To the east of the plot is a further five bar gate from the road to the pasture.
The pasture land runs at the rear off the property to the south. The area would be perfect for grazing horses, sheep and other animals. The views are amazing and the land slopes down to what would have been and old clay pit.
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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