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£265,000 Guide Price
Bedrooms
Bathrooms
An immaculately presented three bedroom family home, with master en-suite, parking & garage. Located on the popular new Honeymead Meadow development with the remainder of a 10 year NHBC warranty. Offered with no onward chain
10 Oaktree Road offers a complete package for a family home, located in the new Honeymead Meadow development with the remaining years of the NHBC. You are welcomed into via an entrance hall with stairs rising to the first floor and a door through to the living room.
The living room has plenty of light flowing in through the large bay window . From the living room leads through to the kitchen diner. The kitchen is fitted with wall and base units, worktop, stainless steel sink and drainer, integrated cooker & hob with extractor hood over. There is a cupboard housing the boiler and plumbing and space for a washing machine and a fridge freezer. The room provides a lovely area to dine overlooking the rear garden with French doors opening into the garden. Completing the ground floor is a useful cloakroom with a wash hand basin and close coupled WC.
To the first floor is a landing leading to the family bathroom, second and third bedrooms, to the end of the landing is an inner hallway with stairs rising to the second floor. The modern family bathroom is beautifully presented, partially tiled with neutral dcor and white suite comprising wash hand basin, panelled bath, close coupled WC and a separate shower cubicle. The two bedrooms on this floor are both good sized doubles.
Stairs rising to the second floor lead to the master bedroom. The master bedroom is a fantastic room, plentiful in natural light from the velux windows, and with space for a dressing area. The ensuite has a shower cubicle, wash hand basin and close coupled WC.
For the accommodation layout and approximate room measurements please refer to the enclosed floorplan.
SERVICES & OUTGOINGS
We understand that mains water, electricity, gas and drainage are connected. Gas central heating
Council Tax: North Devon Council - Band C
Management charge TBC
SITUATION
The property is located in the popular new development of Honeymead Meadow, situated off of Nadder Lane. South Molton is a most traditional and thriving market town situated just off the A361 and only some 12 miles or so from the regional centre of Barnstaple. The town has a pretty main square, a twice-weekly market, a good range of shops including a Sainsburys supermarket, a recently extended Health centre, library and a public swimming pool. There is a regular bus service to Barnstaple, Tiverton and Exeter. Close to Exmoor National Park and within easy driving distance of the coast. It is just 19 miles from Tiverton and 25 miles from the M5 and National rail links at Tiverton parkway.
ADDITIONAL INFORMATION
Broadband: Fibre to the cibinet broadband is availablehighest available download speed 76 Mbps, highest available upload speed 15 Mbps. (Based on Openreach data).
Mobile Coverage: Likely indoor coverage available via O2. Limited coverage via Vodaphone. 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 LOW RISK from Surface Water flooding (defined as the chance of flooding each year as between 0.1% and 1%). VERY LOW RISK from River/Sea flooding (defined as the chance of flooding each year as less than 0.1%) (Gov UK data).
Construction Type: Traditional
The property is located in the popular new development of Honeymead Meadow, situated off of Nadder Lane. South Molton is a most traditional and thriving market town situated just off the A361 and only some 12 miles or so from the regional centre of Barnstaple. The town has a pretty main square, a twice-weekly market, a good range of shops including a Sainsburys supermarket, a recently extended Health centre, library and a public swimming pool. There is a regular bus service to Barnstaple, Tiverton and Exeter. Close to Exmoor National Park and within easy driving distance of the coast. It is just 19 miles from Tiverton and 25 miles from the M5 and National rail links at Tiverton parkway.
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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