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£800,000 Guide Price
Bedrooms
Bathrooms
A delightful, secluded 3 bedroom detached country residence sat within 1.41 acres with elevated views of the sea and the Axe Estuary.
A much loved home has been well maintained by the current owners but would now benefit from some cosmetic improvement giving any would be buyer a chance to put their own stamp on this amazing home.
The property sits in an elevated position on a ridge looking over the Axe valley towards Axmouth and the sea. Dating back to 1946, it has been extended over the years giving generous and flexible accommodation ideal for a growing family or for multi-generational living. Worthy of note is the timber coach house in the driveway. Separate to the house stands a timber former coach house currently used for storage and home/office/workspace. This is now in need of re-cladding or replacement and would (subject to relevant planning approvals) offer huge potential to the property.
The main house includes on the ground floor, a large porch, hallway, downstairs shower room, breakfast kitchen, lounge, dining room and a downstairs bedroom.
On the first floor are two further bedrooms (both with amazing views of the coast and the Axe Estuary), a bathroom and separate WC. A door then leads up to the attic which benefits from views to both aspects and an en-suite shower room.
The property further benefits from oil fired central heating with radiators and double-glazed windows.
The property is conveniently located on a quiet green lane within walking distance of local facilities-the parish church, 2 pubs, post office and general store, butcher and village hall. It is also within walking distance or a short drive of the famous Colyton Grammar school. (Colyford enjoys a very active local community with events including the Annual Goose Fayre). Also in the village is a station for the famous Seaton-Colyton Tramway which runs in the beautiful Axe Estuary which includes a nature reserve with lovely walks and bird hides. There is a bus stop close by for the Exeter-Weymouth X53. Colyford is a much sought after East Devon village in the Axe Valley with the sea at Seaton about 1.5 miles to the south and inland is the pretty country town of Colyton (about 1 mile). There is a main line railway station (Exeter Waterloo line) at Axminster about 5 miles away.
A real feature of this wonderful home is its outside space. A gated driveway leads to a gravelled parking area.
The property has a formal garden to two sides , including mature plants and shrubs. There is a mini paddock area fenced off from the main garden and a practical fenced kitchen garden area with patio, solid pathways, beds and an old timber greenhouse. No garden chemicals have been used on the land for 20 years and wildlife is encouraged and abundant.
The coach house includes light, power and to the rear includes two large storage areas (please see floorplan).
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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