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£700,000 Guide Price
Bedrooms
Bathrooms
A large, detached family home in need of full refurbishment,
sat in 0.36 acres and situated in an exclusive lane offering
huge potential for improvement or redevelopment subject to
relevant permissions being granted.
This amazing family home comes to market for the first time in over 60 years. The property which has been a much-loved family home is now in need of updating. It offers huge potential for a growing family or someone looking to do multi
-generational living giving the opportunity to create a home that suits their needs situated in a premium and very exclusive area.
The property which is a dormer style bungalow offers generous and very flexible accommodation. Currently the property is set up as three bedrooms with three reception rooms but it could easily be a four or five bedroom property
as it currently is.
The accommodation includes (currently) a large open hallway with doors off to two double bedrooms, a living room with
conservatory off it, a large formal lounge with a big open fireplace, dining room, kitchen, family bathroom, separate WC and stairs to the first floor.
On the first floor is a landing leading to a further bedroom and lots of eaves storage.
The property further benefits from gas central heating.
This unique and substantial residence is situated in the prestigious East Devon village of West Hill. Toadpit Lane is an attractive lane, lined with trees and substantial individual properties with the heart of the village being just a short distance away with its excellent range of amenities including a convenience store, a highly regarded Primary School and The Kings School in Ottery St Mary. Both schools have been rated as Outstanding by Ofsted. Swift access to the A30 and M5 makes commuting a viable option from this idyllic setting.
A real feature of this delightful home is its outside space and setting. Sat in an elevated position within private grounds of 0.36 acres which are mainly laid to lawn with mature trees,
shrubs and hedging.
A gated driveway leads up to the property and also leads off to a detached single garage and to an attached double
garage/ workshop at the side of the property. This garage includes light, power and an electric door.
A real feature of Buchebroc is its far-reaching views from the property and its grounds.
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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