6 bedroom detached for sale

£620,000 Guide Price

6

Bedrooms

2

Bathrooms

A superb Grade II listed country residence occupying a readily accessible position with off road parking, beautiful large gardens and useful outbuildings. Versatile and adaptable six bedroom accommodation.


Rock Cottage represents a most attractive and well situated country residence enjoying an outstanding and readily accessible position in the popular hamlet known as Ash Mill. The property which is Grade II Listed provides a substantial and well appointed six bedroomed character family home, with gardens and outbuildings.
The accommodation is well proportioned and arranged over two floors. As with most country houses the property is practically entered through the side door in to the boot/ utility room with stable door. This is well equipped for its purpose with base units. The front porch is another useful space with access to the living room and dining room.
The newly fitted kitchen is well equipped with a range of wall and base units, range cooker and Belfast sink with mixer tap. From this there is a breakfast room with island, built in wine fridge and understairs storage cupboard.
The dining room has two windows looking out to the landscaped gardens allowing plenty of natural light, and a wonderful Inglenook fireplace with bread oven. This room would also lend itself to being a groundfloor bedroom.
The sitting room is a generous sized duel aspect room with another impressive Inglenook fireplace with a wood burner and stone surround.
Completing the ground floor is a shower-room with shower cubicle, WC and wash hand basin.
To the first floor there is a landing with storage cupboard.
The family bathroom has been beautifully fitted to include a walk in shower, vanity unit with wash hand basin, bath with mixer tap and heated towel rail.
There are five double bedrooms and one single bedroom. Bedroom three and six are accessed via bedrooms, and have a lot of alternate uses such as being adapted to walk in dressing rooms.
For layout and approximate room measurement please see the enclosed floorplan.

OUTSIDE
The property is set back from the road and approached via a private gated driveway.
Enclosed by mature hedgerow and fence boundaries, the large established garden and grounds are a particularly attractive feature of the property, laid mainly to lawn with mature shrubs and trees, and bordering a small stream to one side. Situated to the side of the dwelling is a detached single storey outbuilding, which is currently split into four stores, with a courtyard between the main house and outbuilding. There is power and light connected.
Also contained within the gardens is a separate enclosed run, ideal for containing pets. At the rear of this is a further outbuilding which was the former swimming pool house and changing area.
There is a pedestrian bridge over the stream, which leads to a further parking area which is also directly accessed from the road.

SERVICES & OUTGOINGS
We understand mains electric and water is connected to the property. Private septic tank drainage and oil central heating
North Devon Council - Tax band E

ADDITIONAL INFORMATION
Broadband: FTTPFibre broadband is availablehighest available download speed 1600 Mbps, highest available upload speed 115 Mbps. (Based on Openreach data).
Mobile Coverage: Coverage available via EE, O2, THREE 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%)(Gov UK data)
Construction Type: Standard construction

The property enjoys an attractive position within the unspoilt Devon hamlet known as Ash Mill, just 5 miles from the nearby town of South Molton, which provides a useful range of everyday shopping, banking and scholastic services, whilst Barnstaple to the west affords a more extensive range of commercial, educational and recreational facilities, befitting those of an important regional and administrative centre. There are excellent road and rail communications with the A361 North Devon trunk route providing an easy link to Tiverton and Junction 27 of the M5 motorway, with main line rail links available at Tiverton Parkway (London Paddington approx. 2 hours). The cathedral city and county town of Exeter is about 30 miles away, with international airports at Exeter and Bristol. The southern boundary of the Exmoor National Park lies approximately 5 miles to the north offering beautiful moorland scenery with many foot and bridle paths and the stunning North Devon coastline. To the west are the popular sandy beaches of 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

£ 514200

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
    £ 15500
  • 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

£ 49200
  • 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

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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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