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£350,000 Guide Price
Bedrooms
Bathrooms
A superb three double bedroom (formerly four bedrooms) detached chalet bungalow with countryside views, now requiring modernisation. Nestled in a large plot with off road parking, garage and large garden to the rear. No onward chain.
Pitchcombe is a unique chalet bungalow, nestled within its own large plot and situated in a semi rural hamlet. Formally four bedroom accommodation, the property provides scope for improvement. The accommodation is entered in to the large hallway with stairs rising to the first floor. To the left off of the hall is a living room with patio doors leading out to the garden room. There is a large red brick feature fireplace making a wonderful focal point. The garden room has fantastic views with built in storage and sliding patio doors to the garden. There is also a door to the side lean to and door to the utility room. The kitchen is well equipped with a range of wall and base units and houses the boiler. A door leads to the utility room. The utility room has a worktop with base units under, store cupboard and also leads out to the garden. There is a ground floor shower room with a large shower cubicle, WC and vanity unit with a wash hand basin. Completing the ground floor is the large sitting/dining room, formerly divided into a third bedroom, this dual aspect room enjoys fantastic views and lends the accommodation to potentially be adapted to dual occupancy with the ground floor shower room.
To the first floor is a galleried landing with access to two bedrooms and a family bathroom with both bedrooms enjoying fantastic views. Bedroom one enjoys a bay window with built in wardrobes and the airing cupboard, and bedroom two, also a double room, also has a bay window. Bedroom three is then accessed through Bedroom one, and is a double bedroom with eaves storage. The bathroom is a white suite comprising a WC, wash hand basin and panelled bath. For layout and approximate room measurement please see the enclosed floorplan.
OUTSIDE
To the front of the property is a driveway with a garage to the side. The garage has an electric rolling door, power and light. To the left of the property is a gate leading to lean to storage. To the right hand side is gated access to the rear garden. To the rear is a patio seating area leading to a large level lawn with a central path leading to a further garden that wraps around to the left. This area has previously been terraced and used as a vegetable garden with a further shed and greenhouse. There are also outside taps. This large area is a blank canvas for a potential buyer to create a fantastic outside space.
SERVICES & OUTGOINGS
We understand that mains water and electricity are connected to the property. Drainage to a private septic tank. Oil central heating. North Devon Council: Tax Band E
ADDITIONAL INFORMATION
Broadband: Broadband is availablehighest available download speed is potentially 21 Mbps, highest available upload speed 1 Mbps. (Openreach data).
Mobile Coverage: There is likely coverage on O2 and limited coverage on Vodafone. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
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%).
Construction Type:
The property occupies a readily accessible position just a short distance from the A361 North Devon link road. The popular village of Bishops Nympton lies approx. only 1 mile away and offers a primary school, village store and post office, church and public house. The bustling market town of South Molton is about 4 miles and provides an excellent range of everyday services including shops, schools, restaurants, together with a Sainsburys supermarket, medical centre, recreational facilities and cottage hospital. The A361 North Devon link road is within easy driving distance providing access to the larger regional centre of Barnstaple as well as Tiverton and the M5 motorway (Junction 27). Mainline intercity rail links are available at Tiverton Parkway (London Paddington approx. 2 hours) with international airports at Exeter and Bristol. Rose Ash is surrounded by picturesque North Devon countryside with nearby Exmoor offering beautiful moorland scenery with many foot and bridle paths. The north coast is easily accessible with lovely sandy beaches at Instow, Saunton Sands, Croyde Bay, Putsborough and Woolacombe.
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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