3 bedroom detached for sale

£625,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

A delightful Grade II listed detached, three double bedroomed cottage with attached barn currently used as a home office, further detached two storey barn, gated parking and lovely gardens of around 0.3 acres.

Winton is a delightful Grade II listed, character cottage, situated in a rural location with attached barn, currently used as a home office, a further detached barn with full planning permission, parking and lovely gardens extending in total to approx. 0.3 acres.
The property is entered into via an entrance hall. From here, there is access into the lounge, kitchen and utility room. The lounge is a lovely room with plenty of character, boasting an inglenook fireplace with woodburner and historic bread oven. The kitchen/diner has a range of base units, shelving, oil fired rayburn, sink and drainer and electric oven. The utility room is a useful space with further cupboards and worktop, inset shelving, Belfast sink and space and plumbing for a washing machine. From the utility room there is access into the boot room where there is a door out to the rear. Completing the ground floor is a shower room, comprising walk in shower, WC, wash hand basin and heated towel rail.
Stairs rise from the entrance hallway to the landing, where there is access into the three bedrooms and a family bathroom. The master bedroom is a good sized double room with built in storage. Bedrooms two and three are also double rooms, and bedroom three also has a built in wardrobe. Completing the accommodation is the family bathroom, comprising a bath, WC, wash hand basin and heated towel rail.
Attached to the main cottage is a barn with useful storage space on the ground floor and a home office on the first floor. The barn is accessed from the garden.

DETACHED STUDIO BARN
The building benefits from its own entrance through double gates. To the ground floor, is a door into a storage area with historic cobbled floor and old stalls. Stairs rise to the first floor, where there is an open plan office space with double doors out to a juliet balcony. This building has the scope to potentially be developed further to potentially provide additional accommodation.
For layout and approximate room measurement please see the enclosed floorplan.

OUTSIDE
The property is approached via a gated driveway with parking for several vehicles. There are lovely wrap around mature gardens with lawn areas, a kitchen garden, a raised decking seating area, flower beds and borders, a wild flower meadow and an orchard with fruit trees. There is also a potting shed and green house.

SERVICES & OUTGOINGS
We understand that mains electricity is connected to the property. Private drainage to a septic tank and private water supply from a bore hole. Oil central heating. North Devon Council tax band E

ADDITIONAL INFORMATION
Broadband: FTTC broadband is availablehighest available download speed is potentially 76 Mbps, highest available upload speed 15 Mbps. (Openreach data). There is also a 4G mast nearby.
Mobile Coverage: There is predicted likely indoor coverage via EE. 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%).

The property occupies a lovely rural position nestled within the small hamlet of Cheldon with its historic church of St Mary and located to the east of Chawleigh and Chulmleigh. The surrounding Devon countryside comprises a predominately agricultural landscape of mainly pasture and arable land interspersed with an abundance of wooded valleys. Despite its peaceful rural location Winton is conveniently situated for access to the surrounding districts and main routes of communication. The towns of Chulmleigh, South Molton and Tiverton all provide a good range of local services including shops, banks, recreational facilities, primary and secondary schooling. The A361 North Devon Link Road to the north provides quick and easy access to South Molton, Barnstaple, Tiverton and the M5 motorway (Junction 27). Main line rail services are available at Tiverton Parkway and Exeter, 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

£ 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.

£

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.

Total Profit

£
  • 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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