4 bedroom detached for sale

£900,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

A rare opportunity to purchase a spacious detached period home offering versatile accommodation, desirably situated in the sought-after Ash Lane. Set in a generous plot measuring 0.57 acre, this superb family home includes four bedrooms, three reception rooms, driveway parking and well-tended gardens. In addition, the most impressive views can be enjoyed from both the front and rear, taking in Glastonbury Tor and Wells Cathedral. EPC rating D.


The property is entered via a glazed porch with an inner door opening into a welcoming reception hall. The hall incorporates the staircase to the first floor accommodation, as well as two built-in storage cupboards. To the left of the hall is the sitting room, a comfortable dual-aspect reception room which has a central fireplace with an inset wood burning stove. French doors from the sitting room then lead out to an adjoining sunroom, which in turn gives access into a useful store and also through to a ground floor double bedroom at the far end of the house. Offering flexibility, this bedroom includes two large built-in cupboards and could be utilised as a home office or hobby room, if desired.

On the other side of the reception hall is a particularly spacious dining room, also dual-aspect and enjoying lots of natural light. This fabulous room can accommodate a large table and chairs and includes a stone fireplace and a built-in glazed storage cupboard. Beyond is the kitchen, fitted with a range of matching floor and wall units and providing space for a freestanding cooker and an under-the-counter fridge, plus plumbing for a dishwasher. The kitchen then gives access to a well-proportioned garden room, which benefits from a delightful outlook across the south-facing grounds. Completing the ground floor accommodation is a useful utility room, offering plenty of space for laundry, plumbing for a washing machine, space for a fridge/freezer, access to a downstairs WC and an external door to the side.

On the first floor, the property offers three double bedrooms, all of which have the most wonderful, far-reaching views, taking in Glastonbury Tor, St. Cuthberts Church and Wells Cathedral. The view to the rear is rural and equally as stunning, looking out across the neighbouring fields and towards the hillside behind. In addition to the well-appointed family bathroom, this remarkable detached house includes an en-suite to the master bedroom and a basin in both bedrooms two and three.

OUTSIDE
The grounds to Cherry Orchard House extend to 0.57 acre, with formal gardens laid to lawn situated at the front and rear of the house. A driveway accessed from Cherry Orchard Drive provides ample off-road parking and leads to a detached timber garage. The gardens are enclosed on all sides by established hedging providing privacy, featheredge fencing and estate fencing at the rear, maximising the exceptional rural outlook behind. In addition to the more formal gardens, the property has paved pathways allowing easy access, plus a wide selection of mature shrubs, trees and planting. To each side of the house are sections ideal for outdoor seating, one of which includes a garden shed and wood store. Undoubtedly one of the main selling points of the property, the outside space would suit a family with children and indeed green-fingered purchasers, offering scope for further landscaping, if desired.

The City of Wells is renowned for its beautiful architecture, including the Cathedral and the Bishops Palace. Englands smallest city, Wells contains many clubs and societies for those wishing to get involved in the thriving local community. There are excellent shopping facilities, a bustling High Street with both independent and well-known retailers, as well as various major supermarkets, including Waitrose.

Wells also benefits from a busy, twice-weekly produce market in the Market Square. Bristol and Bath are readily accessible, as is Castle Cary to the south, which has the nearest mainline train station to London Paddington.

There is excellent schooling locally, both state and independent. The property is conveniently located within easy travelling distance of a number of local primary schools, as well as Wells Blue School (secondary).



Features
  • Freehold

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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

£ 745200

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
    £ 22500
  • 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

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£

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

£ 70200
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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Notes

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