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£835,000 Guide Price
Bedrooms
Bathrooms
An individual and spacious detached house, rurally situated between the villages of Ashcott and Meare, set within approx. 3.89 acres and benefitting from stables, an equine track system and an extensive series of outbuildings. Requiring some modernisation with scope for improvement, this unique property is moments from a wide selection of stunning nature reserves, including RSPB Ham Wall, only a five minute walk away. EPC rating E.
A door to the front of the property opens into an entrance porch, which has an inner door through to the main hall. Incorporating the staircase to the first floor accommodation with a storage cupboard beneath, the hall also gives access to a downstairs WC, a study and the utility room. A useful room with a sink unit and plumbing for a washing machine, the utility then continues into an adjoining boot room which houses the boiler for the oil-fired central heating and has a door opening outside.
The sitting room is generous in size and dual-aspect with a stone fireplace and open fire. Double doors from the sitting room then lead out to the veranda.
The kitchen/dining room is centrally located on the ground floor and is also dual-aspect, with windows to the front and rear. Fitted with a range of wooden fronted floor and wall units, the kitchen provides plenty of space for a dining table and chairs and gives access outside (to the front) and internally through to an inner hall. This part of the property offers versatility, offering two ground floor double bedrooms and a family bathroom. A further staircase then rises to the first floor, which is separated into two sections independent of each other (the other accessed from the staircase in the main hall). In this area, a landing with boiler cupboard opens into two double bedrooms, both with skylight windows. The main first floor accommodation then provides two finely-proportioned double bedrooms with a rural outlook, plus an additional bathroom with a shower.
OUTSIDE
Set within grounds measuring approx. 3.89 acres with a series of timber outbuildings, the property offers potential for a purchaser to utilise in a variety of ways. For many years, the current owner operated a successful equine business from the property. For those seeking a property suitable for keeping horses on site, 25 Ashcott Road offers an enclosed equine track system, an arena, a stable and an open fronted barn, both with adjoining stores. Further outbuildings include a large barn (61 x 102), a workshop and other useful stores.
The grounds comprise extensive surrounding gardens which are predominantly laid to lawn with established tree-lined boundaries. Furthermore, on the north-western side of the property is a separate area of land which is nicely secluded in a peaceful position, enclosed by mature woodland and is a haven for wildlife.
The property is rurally situated between the villages of Meare and Ashcott. As well as a primary school and a farm shop, Meare is also home to a parish church. Ashcott lies in a convenient position on the Polden Hills and much like Meare, is very accessible to Street (Clarks Village), Glastonbury, Wells and the M5 to the west. Village facilities include a primary school (with Good Ofsted rating), two public houses, a church and recreation ground with playground. There is also good state secondary schooling nearby, as well as Millfield, the prestigious independent school in Street.
One of the main selling points of this superb property is the close proximity to RSPB Ham Wall, Shapwick Heath and other nearby nature reserves. The Railway Inn pub is also located just one mile away, further along Station Road.
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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