2 bedroom detached for sale

£395,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

Detached beautifully presented character cottage tucked away on the edge of North Molton with spacious garden providing ample outdoor space and parking. No onward chain.



Sunnyside provides a rare opportunity to acquire a beautifully maintained character cottage, which has previously been run as a successful holiday let but can also be a wonderful family home. This delightful home is well proportioned with a number of original features. There is also scope for further development subject to the necessary planning permissions.
Upon entering, you are welcomed into a central hallway with stairs rising to the first floor.
To the left is the sitting room, which is full of character, featuring tongue-and-groove panelling, a striking stone-built fireplace with a wood-burning stove, and a traditional slate hearth.
To the right is the spacious dining room which continues the theme of period charm, also showcasing a stunning stone fireplace with a wood-burning stove, tongue-and-groove panelling, a slate hearth, and a slate window sill.
Leading on from the dining room is the country-style kitchen, complete with elegant marble stone worktops, base units, a Belfast sink with mixer tap, open shelving, and a stone floor. A door from the kitchen opens to the side of the property, providing access to an external WC and a separate utility room with shelving and plumbing for a washing machine.
Upstairs a central landing leads to the beautifully styled master bedroom, a generously sized space with views over the front garden. The second bedroom is also a good size and features a built-in cupboard and decorative panelling.
A separate WC and a family bathroom complete the first floor, featuring a freestanding roll-top bath and a walk-in double shower.
For layout and approximate room measurement please see the enclosed floorplan.

OUTSIDE
The property is approached via a drive to a gated entrance. Beyond the gate is ample parking for several vehicles. There is also a stone built car port. Beyond the hard standing parking area is a level lawn and slate patio path leading to the front door. There is an enclosed patio area with pergola. To the far side of the property behind a low stone wall is a piece of land that would lend itself well for further development, subject to attaining the necessary permissions. Alternatively it could be landscaped to provide additional garden space.

SERVICES & OUTGOINGS
We understand that mains water, electricity and drainage are connected. Woodburners in the living and dining room, solar panels connected to the property.
North Devon Council: Tax Band D

ADDITIONAL INFORMATION
Broadband: FTTC Fibre to the cabinet broadband is availablehighest available download speed 76 Mbps, highest available upload speed 15 Mbps. (Based on Openreach data).
Mobile Coverage: likely coverage available via EE, Three, 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%)
Construction Type: Stone

Sunnyside enjoys a delightful position on the edge of North Molton village. The village is known as the gateway to Exmoor and offers a well regarded local primary school, public house, community shop, a sports club, parish church, Methodist Chapel, hairdressers and a garage. North Molton is a traditional Devon village which winds its way down to the river Mole only a mile or so from the Exmoor National Park with its many beauty spots nearby and providing traditional riding, hunting and sporting pursuits. The bustling market town of South Molton lies only some 3 miles to the south providing an excellent range of everyday services including shops, primary and secondary schools, restaurants and post office, together with a Sainsburys supermarket, medical centre, recreational facilities and a cottage hospital. From South Molton the A361 North Devon link road provides 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.
North Molton is surrounded by picturesque North Devon countryside with 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.

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

£ 328575

Mortgage Loan to Value

%

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
    £ 9875
  • 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

£ 32325
  • 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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