3 bedroom detached for sale

£565,000 Guide Price

3

Bedrooms

3

Bathrooms

Floorplan

Situated on the edge of this quiet picturesque rural village and enjoying superb views over the surrounding countryside, a most attractive and charming recently renovated Grade ll listed Devon cottage providing delightful and deceptively spacious three bedroomed accommodation with the addition of an annexe.


Woodpark Cottage represents a quintessential Devon country residence enjoying a delightful rural elevated position on the edge of the pretty and peaceful village of West Worlington overlooking the superb surrounding countryside and the Little Dart River. The cottage, which is Grade II listed, is constructed of stone and cob elevations beneath a thatched roof. It has been sympathetically refurbished by the current vendor to now provide comfortable and well appointed three bedroomed accommodation exhibiting many period features whilst benefiting from a modern oil fired central heating system and insulated floors with underfloor heating in the kitchen.
The accommodation is conveniently arranged over two floors and being entered through a porch with stable door in to the kitchen breakfast room. The kitchen is well fitted with a range of base units, a suspended hanging shelf, and integrated fridge freezer and washing machine. The sitting room is a wonderful room with a deep recess window overlooking the gardens. There is an inglenook fireplace with woodburner and timber mantle and historic breadoven, and slate flooring. Leading off of the sitting room is Bedroom two, which is a double bedroom with en suite bathroom. This comprises of WC, stone wash hand basin, free standing, insulated roll top bath and heated towel rail.
Stairs lead to the first floor from the sitting room to the first floor, where bedrooms one and three are found. These are both good sized double bedrooms. There is also an en suite shower room in bedroom one, which is a wet room with shower, wash hand basin and WC.

ANNEXE
Located in the orchard is a characterful stone barn which has been converted into an annexe. Inside the annexe you are welcomed into an open plan, split level bedroom/living area/kitchenette. In the kitchen area there are base units under the worktop, an integrated wine cooler, fridge and sink. In the living area, there is a woodburner with hotplates and oven, exposed stone walling and sky lights allowing plenty of natural light in. There is also a wet room located just off the living area, which includes a shower, WC and wash hand basin. Bi-folding doors lead outside the Annexe, where there is a patio seating area with lovely views down the valley. For layout and approximate room measurement please see the enclosed floorplan.

OUTSIDE
To the rear of the property is an enclosed garden. This comprises a patio and gravelled seating area, well kept, terraced lawns and an orchard with fruit trees. There is a gravelled and gated parking area with space for multiple cars. A log store is located in the corner and there is also a useful store/boiler room.

SERVICES & OUTGOINGS
We understand that mains water and electricity are connected to the property. Drainage to a private system. Oil central heating.
Council Tax: North Devon Council: Tax Band C

ADDITIONAL INFORMATION
Broadband: Broadband is availablehighest available download speed 24 Mbps, highest available upload speed 1 Mbps. (based on Openreach data). Mobile Coverage: Potentially available via EE, O2, and VODAFONE. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.(Based on Ofcom data). Flooding: The property is in an area at a VERY LOW RISK from River/Sea and Surface Water flooding (defined as the chance of flooding each year as less than 0.1%). (Gov UK data). Construction Type: Cob & Stone

Woodpark Cottage occupies a lovely elevated position on the edge of the attractive rural village of West Worlington. The village itself provides a historic church of St Mary and East Worlington nearby provides a popular primary school, parish hall and church. It lies within the attractive and gently undulating band of countryside between Exmoor and Dartmoor National Parks. The property enjoys easy access to the neighbouring villages and main routes of communication. The village of Witheridge is just 2.5 miles distant and the popular rural town of Chulmleigh just 6 miles away. An extensive range of commercial, educational and recreational facilities are available at South Molton, whilst the property also lies within convenient reach to the regional centre of Barnstaple to the north west, Tiverton and the M5 motorway (Junction 27) to the east and Exeter to the south. Mainline intercity rail links are available at Tiverton Parkway with international airports at Exeter and Bristol.

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

£ 468825

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
    £ 14125
  • 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

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£

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

£ 45075
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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

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  • 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

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This is the assumed rate of house price inflation.

Final Property Value

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

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