6 bedroom detached for sale

£625,000 Guide Price

6

Bedrooms

2

Bathrooms

Floorplan

An attractive Earl Of Portsmouth residence nestled in the heart of the Taw Valley with superb countryside views. Offering versatile & spacious accommodation with six bedrooms & three reception rooms. An additional stone barn with annexe potential.

Moortown Farmhouse represents a most attractive and well situated package occupying an exceptional position overlooking the beautiful Taw Valley. The property comprises a detached Earl of Portsmouth farmhouse which we understand dates back to 1885 and benefits from not being listed. Affording well proportioned six bedroomed family accommodation, the dwelling affords the potential to create a lovely country residence. Set in delightful gardens, the property benefits from private parking & a workshop barn with development potential.
The accommodation is vast, stepping in to the house through the entrance porch the inner hall leads through to either the utility/boot room or lounge. The utility room also has a rear entrance, is vast in size, with a range of wall and base units and a worktop. There is also a door leading through to the lounge. The lounge is a wonderful family room with views over the gardens and a woodburning stove with a stone surround. Stairs lead to the first floor. The dining room is a most impressive room, also enjoying views over the gardens. An inglenook fireplace with a woodburning stove and timber mantle. There is an inner hallway with a boiler cupboard as well as an additional store cupboard and a secondary staircase leading to the first floor. The traditional farmhouse kitchen/breakfast room is of a good size and there are a range of wall and base units. A wonderful Rayburn makes a lovely feature of the room with space for a cooker beside. An external door leads to the rear courtyard with a covered porch area.
To the first floor is a galleried landing hosting an airing cupboard. There are six good sized bedrooms, five of which are double bedrooms. The family shower room is a fantastic size with built in storage cupboards, shower cubicle, wash hand basin and WC. There is also an additional bathroom with a panelled bath, wash hand basin, WC and heated towel rail.
For approximate room dimensions and layout please refer to the enclosed floorplan.

Outside
The property is approached via a driveway leading to the rear of the property where there is plenty of parking, ideal for a campervan or larger vehicles. To the side of the property is an enclosed courtyard with double gates to the parking. The property is surrounded by its own gardens, with beautiful landscaped gardens to the rear, and a former vegetable garden to the right hand side.
Further land available by separate negotiation.

The Outbuilding
There is a stone barn under a slate roof that is currently used as a store/workshop. The building previously had planning permission to convert to two bedroomed ancillary accommodation.

Tenure and Possession
Freehold with vacant possession available upon completion.

Services & Outgoings
The property benefits from mains water and electricity supplies. Drainage of the house is to a shared private system. Local Council Tax on the house Band E. Moortown Management Committee fee 150 per six months.

Important Notice
All persons wishing to view the property do so entirely at their own risk. Neither the Vendors or their Agents will be held liable for any damage or injury that may occur when interested parties are visiting the property.
For clarification we wish to inform any prospective purchasers that we have prepared these sales particulars as a general guide. They must not be relied upon as statements of fact. We have not carried out a detailed survey, nor tested the services, heating systems, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. If there are points which are of particular importance to you please contact the office prior to viewing the property. Ref: STM230168

Moortown Farmhouse enjoys a delightful position equi-distant between Chawleigh & Chulmleigh. Chawleigh is a quiet rural village nestled in the heart of central Devon overlooking the Little Dart and Taw Valleys, the village itself benefits from a post office/general store as well as a local public houses. Lying just over a mile to the north west is the small town of Chulmleigh providing a thriving and very active local community which has managed to retain a good range of local services, including highly regarded primary and secondary schools, a sports centre, post office, various shops, a health centre, dentist, public houses and restaurants, and a historic town hall.
Despite its rural position the property still enjoys easy access to the surrounding districts and further afield with the larger centres of South Molton, Crediton and Exeter providing an extensive range of every day shopping, banking, recreational and educational facilities. From South Molton the A361 North Devon link road provides easy access to the M5 motorway (Junction 27). There are nearby rail stations on the Barnstaple to Exeter (Tarka) line at Eggesford and Lapford. There is also a regular bus service to Crediton and Exeter.

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

£ 518325

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
    £ 15625
  • 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

Adjust these figures

£

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

£ 49575
  • 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

£

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

Notes

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