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£820,000 Guide Price
Bedrooms
Bathrooms
A most attractive and well-proportioned detached period house, prominently situated in the much sought after village of Westbury-sub-Mendip. The property includes five bedrooms, three reception rooms, a delightful garden, a garage and a superb one bedroom holiday let. EPC rating D.
A door to the front of the property opens into the hall, which incorporates the staircase to the first floor accommodation. To the right of the hall is the drawing room, the principal reception room with two windows to the front, one with a window seat. This impressive room features a delightful stone inglenook fireplace with an inset open fire. Beyond the drawing room is a separate dining room, generous in size with exposed beams and two further windows to the front. The kitchen/breakfast room is located at the rear of the house, fitted with a range of matching floor and wall units. Within the kitchen is an integrated electric oven, hob and microwave, plus space for a freestanding dishwasher. To one end of the kitchen, a door leads through to a study and to the other, a utility room. This useful room offers plumbing for a washing machine, space for a tumble drier and freezer and houses the boiler for the gas-fired central heating. From the utility room, there is an external door to the rear garden, access to a downstairs shower room and a door back to the hall. Completing the ground floor accommodation is a third reception room, which is dual-aspect and includes a stone fireplace and a built-in cupboard.
On the first floor, a split level landing leads to five bedrooms in total, four of which are comfortable doubles and three benefitting from en-suite facilities. There is one further bathroom on this level, which conveniently serves bedrooms 4 and 5 located at the back of the property.
OUTSIDE
To the front of the property is a pretty and well-established area of garden, enclosed by low level walling and railed fencing with a gated pathway to the main door. A gated driveway to the side continues around to the rear of the house and provides ample off road parking. There is a single garage with both light and power, which has a potting shed adjoining one side and to the rear, a large carport which can accommodate two further vehicles, if desired. Furthermore, at the back of the plot is a fantastic one bedroom holiday let, named The Apple House. This beautiful addition has one double bedroom, an integral shower room and an open dual-aspect sitting room with a kitchenette and a vaulted ceiling.
There is a private walled courtyard allocated to the holiday let, accessible from the sitting room. Providing an ideal second income, the holiday let currently generates 75 per night and has had excellent occupancy. The property has a delightful, well-tended cottage garden to the rear, enclosed by walling with mature borders and attractive planting. Predominantly laid to lawn, the west-facing garden includes a patio area, perfect for outdoor seating and dining, enjoying plenty of sunshine throughout the day and into the evening.
Solar panels at the rear of the house contribute towards the energy costs and have an Export Tariff Rate of 5p per kWh.
The sought-after village of Westbury-sub-Mendip lies in between Wells and the Cheddar, approx. 4 miles from each. Westbury-sub-Mendip has a thriving community and offers excellent local facilities including a Post Office/shop, a village hall, a 12th century church, a good public house and a primary school. The village lies at the foot of the Mendip Hills, an area designated as being an Area of Outstanding Natural Beauty and where many rural walks and pursuits can be enjoyed.
The beautiful Cathedral City of Wells offers a bustling high street, a twice-weekly produce market, excellent secondary schooling as well as independent education at all levels, including Wells Cathedral School and Millfield School is also within daily driving distance. This area is regularly used by commuters to Bristol and Bath, whilst Bristol Airport is readily accessible via the A38, as is the M5 motorway.
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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