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£3,250,000 Guide Price
Bedrooms
Bathrooms
The House.
This property represents a rare opportunity to purchase one of the few surviving mill houses in the country. Access to the house is gained through wrought iron gates adjacent to a castellated gate house and brick walls which form the remains of the Old Mill with its two mill wheels. A large paved courtyard leads to the house. The current owners have lived in the property for 26 years and made a number of improvements whilst retaining numerous period features and a great deal of charm.
Accommodation is spread across three floors. Many of the rooms are double or triple aspect and have window seats. Principal reception rooms on the ground floor are enhanced by the wonderful vistas through French doors onto the gardens or the terrace. The drawing room has quite a baronial feel to it with three quarter oak wall panelling, covered beams, an oak fireplace and mantel with carved stone surround. The kitchen, at the heart of the home, has an Aga and leads directly onto the terrace; an idyllic spot to relax and admire the breathtaking view of the river Gade and lush vegetation beyond. On the first floor, the principle bedroom suite is dual aspect and has a balcony as well as a feature fireplace. The two bedrooms and bathroom on the second floor provide potential accommodation for an au pair or teenagers.
Cottage.
The recently refurbished detached cottage is situated across the courtyard from the main house and offers a reception room with an open fireplace, two bedrooms, bathroom and kitchen on the first floor, whilst there is parking for three cars in the ground floor garage.
Outside
The gardens provide a magnificent setting for the house. Beautiful streams flow around the house and there is an abundance of interesting features including an ornamental bridge to the rose garden, cordoned fruit trees and a greenhouse. Towards the top of the garden, there is a heated swimming pool and pool house.
In all around 2.22 acres
Situation
The property lies on the edge of Hunton Bridge, close to the village of Kings Langley with its local shops and cafes. The village is a short drive from the more comprehensive range of shopping facilities and amenities of Watford, Radlett, Hemel Hempstead and St Albans. Nearby leisure and recreation facilities include The Grove hotel, spa and golf course.
Property Ref Number:
HAM-23211Your 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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