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£900,000 Guide Price
Bedrooms
Bathrooms
SET IN A DELIGHTFUL RURAL LOCATION, A RECENTLY CONVERTED THREE BED DETACHED PROPERTY WITH A RANGE OF VERSATILE STORAGE BUILDINGS AND YARD. ADJOINING PASTURE IN TOTAL EXTENDING TO 2.80 ACRES (1.13 HA)
LOCATION
The Old Office is situated in the hamlet of Southwood, some 1.5 miles from the sought after village of Baltonsborough, a popular village in the heart of Somerset. Whilst being a short drive away from Baltonsborough, the property offers privacy and benefits from wonderful views over its own land and the beautiful countryside beyond. Baltonsborough is a lively and popular village in the heart of the Mendips, with multiple amenities including the Greyhound Inn, which is within walking distance of the property. The village also boasts a very good primary school and a Grade I listed local church, a community shop and caf has also recently been opened. The property has a number of footpaths and bridleways on its door step. Further amenities can be found in nearby Street with its famous outlet store at Clarks Village, the market town of Somerton and the historic city of Wells and Bruton are just a short drive away. Local attractions include the Glastonbury Festival, Glastonbury Tor, Kingweston Golf Club and many good local pubs and restaurants. Bath and Bristol are both an hours drive to the north. Local transport links and excellent with a mainline railway station in nearby Castle Cary, offering direct services to London and the South West. The A37 and A303 both lie within a short travelling distance and offer good road links to London and the M5.
DESCRIPTION
The Old Office comprises an immaculately presented property built in a contemporary style of local blue lias stone beneath a tiled roof. This two storey conversion offers spacious accommodation of 1834 sqft (170.3 sq.m) approx. The ground floor has attractive oak flooring throughout, with hallway, cloakroom, study, kitchen/breakfast room with granite work surfaces, ceramic single bowl and drainer with double electric oven with induction top and extractor hood, integral fridge/freezer and dishwasher, breakfast bar, utility room with single bowl and drainer. On the first floor are three bedrooms (one ensuite) with family bathroom with double shower. All enjoying light and spacious accommodation with views over the somerset countryside..
Drone Video of the property is available at:
OUTSIDE
The property is approached via Southwood lane over a private driveway leading to a parking area beside the front of the Old Offices. The garden adjoins the front and side of the Old Offices and surrounding is a wrap around patio area.
BUILDINGS
Located to the North of the property is a range of buildings and garaging. The buildings offer a number of single and two storey versatile potential end uses including domestic storage, agricultural or stabling. and comprise approximately 5800 sqft (538 sqm) of accommodation. Please note there will be no commercial use of the buildings without the prior written consent from the owners of the adjoining property. (Ash View Farm)
LAND
There are fenced level paddocks located either side of the property offering excellent equestrian and other livestock use. In total extending to 2.80 acres (1.13 ha) or thereabouts.
LOCAL AUTHORITY
Mendip District Council
Council Offices, Cannards Grave Road, Shepton Mallet
Telephone:
TENURE AND POSSESSION
Freehold with vacant possession available on completion.
SERVICES
There is a mains water supply to property. Mains electricity and private drainage.
FIXTURES AND FITTINGS
All fixtures and fittings are to be excluded from the sale of the site, unless stated otherwise.
OUTGOINGS
These are believed to comprise local Council Tax on the house, together with the usual service and environmental charges.
SPORTING & MINERAL RIGHTS
Sporting and mineral rights are included within the sale.
RIGHTS OF WAY, EASEMENTS, WAYLEAVES, ETC.
The property is offered for sale subject to and with the benefit of all matters contained in or referred to in the property charges register of the registered title together with all public and private rights of way, wayleaves, easements and other rights of way whether these are specifically referred to or not.
VIEWINGS
All viewings are strictly by appointment with the selling agents.
DIRECTIONS
From Yeovill take the A37 on to the A303. At Podimore roundabout, take the 2nd exit onto A37. Turn left onto Common Lane and then right on to Queen Street. Take the right onto High Sreet/B3153 and immediately take the left turn on to Coombe Hill and continue on to Copis Lane. After 0.5 miles turn right onto Mill Road and continue onto Honey Mead Lane, after 0.6 miles turn right. The entrance to the property is located on the left.
EPC
The property has an EPC rating of a C.
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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