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£325,000 Guide Price
Bedrooms
Bathrooms
A deceptive, detached, period cottage in need of modernisation on the edge of the highly desirable village of Kingsbury Episcopi. With adjoining workshop, pleasant garden and huge potential. No onward chain.
Garail Cottage is an attractive double-fronted Victorian cottage that is need of modernisation but offers a great deal of potential in a favourable situation.
The property is accessed from the front through a handy timber entrance porch which leads through a further door to the sitting room. Laid with carpet and featuring windows on three sides, the room is pleasantly light and airy, with a feature wood burner (untested) sat within a brick fireplace with tiled hearth. An open U-shaped staircase rises to the first floor and a door leads through to the kitchen/diner. A generous room, the kitchen is fitted with a farmhouse-style range of pine base units with worktops over, shelving, and free-standing units, with a feature electric Aga adjacent to a double drainer stainless steel sink with under counter cupboards and tiled splashback over. The room is large enough to fit a good sized dining table offering flexible use of the space.
A door leads out to the rear into a utility room, fitted with a ceramic Belfast sink and space/plumbing for a washing machine and tumble dryer with large window to the rear and side door providing external access, in addition to a cloakroom with WC. A further door leads out to the workshop an extremely useful space ripe for conversion or use as a workshop/studio with large window overlooking the garden, handy store and external door to the rear.
Stairs from the sitting room lead up to the landing, with overhead display shelving and providing access to the three bedrooms, all of which are carpeted and feature storage beds one and two being dual aspect with full length wardrobe space and bedroom three featuring over-stairs storage and loft hatch. Completing the internal accommodation is the bathroom, featuring bath, WC and hand basin, in addition to an airing cupboard.
The sought- after village of Kingsbury Episcopi was crowned Somerset Village of the Year 2018 and in conjunction with nearby Stembridge offers local facilities including the popular village shop and community hall, recreation ground, two public houses, primary school, St Martins church and the Methodist church. The active community plays host to the well-attended Kingsbury May Festival and Party by the Parrett.
Kingsbury Episcopi is superbly located almost equidistant between the larger towns of Langport, Ilminster and Yeovil, all with an extensive array of shopping, scholastic and recreation facilities. The A303 is a 10 minute drive and the M5 can be accessed from Taunton, 14 miles distant.
Garail Cottage occupies a pleasant plot on the edge of Kingsbury Episcopi, with a fully enclosed, attractive cottage garden to the rear. The first part of the garden is laid mostly to lawn, slightly raised with well-established borders featuring an array of mature shrubs, flowers and small trees. A handy garden shed provides storage options and a path runs beyond this, past an old vegetable patch to the parking area. Gravelled and sufficient for two vehicles, with a further parking space available alongside the house. The parking area is gated from the road and also features a corrugated iron shed at the end. The property is fronted with a small area of lawn with some more mature plants and flowers in conjunction with a picket fence and gate creating an attractive frontage to the cottage.
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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