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£1,100,000 Guide Price
Bedrooms
Bathrooms
A charming Grade II Listed farmhouse, together with a converted Granary containing 9 letting rooms providing a significant income stream. In all about 4.45 acres.
This charming period farmhouse is believed to date back to the 16th Century and is well worthy of its Grade II Listed status. The accommodation boasts a wealth of character features, briefly comprising a cross passage hallway, to the side is a large sitting room with inglenook fireplace and a door off leads to a second hall where there is a snug/living room, again with an inglenook and a Clear View wood burning stove. The breakfast room with oil fired Aga adjoins and an opening leading to the kitchen with a range of modern wall and base units. Also on the ground floor is a shower room, large utility and workshop. Upstairs are four double bedrooms, a family bathroom and master en-suite. The house, although well-maintained, would now benefit from some remodelling and updating but has the potential to create a superb family home.
THE GRANARY
Adjacent to the main house is the Granary, a stunning stone barn which has been converted into 7 fully furnished en-suite letting rooms on the ground floor and a two bedroom flat with kitchen on the first. Until recently this has been used as a thriving B&B and was very successful due to the close proximity to M5 and A303.
The property is set back from a country lane down a long tree lined driveway which sweeps in front of the house and continues to the Granary and outbuildings. The primary gardens lie to the rear and are beautifully manicured, mainly lawned and interspersed with a number of mature shrubs, trees and bushes. Adjoining to the north is a large soft fruit and vegetable garden, together with a single storey livestock shed, perfect for lambing. Behind the Granary is a large guest parking area and carport, along with a number of agricultural barns, currently used for storage and garaging.
The land associated with the property lies to the north and east and comprises two level enclosures of permanent pasture, contained within natural hedgerow boundaries, perfect for equestrian or agricultural purposes. In total the property extends to 4.5 acres, as shown on the attached identification plan.
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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