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£950,000 From
Bedrooms
Bathrooms
These two brand new detached family homes will appeal to a range of buyers due to all that is on offer. Located approx. 4 miles from Crediton and 4 miles from the A30 at Cheriton Bishop, its a semi-rural position thats still accessible. Crediton offers a range of services and schooling (school bus passes the houses) and Exeter is only a short drive down the A30 with connections by road, rail and air. Posbury is a small but spread out hamlet and somewhat of a hidden gem here in Mid Devon.
The houses are currently under construction and are timber framed with airsource heat pumps and will be finished to a high standard. There are several factors that make these stand out. First off, theyre a really good size. Over 2500sqft with 4/5 bedrooms, 4 bathrooms and wonderful open plan kitchen/family rooms. There is also a separate living room, study and utility, giving them a broad appeal. Then theres the location being amongst the rolling hills yet not isolated. But the biggest point is the land. Each house will have a total of 5 acres! Split into gardens, paddocks and woodland, each house will definitely have that feeling of space and room to enjoy the outdoors. The gardens are generous, the paddocks will be about an acre each with the rest made up of deciduous woodland.
Due to be completed in Spring/Summer 2025, reservations are now open for the right buyers.
So if you are in the market for a large new build with ample space inside and out, and ready to move, please get in touch.
AGENTS NOTE : As the houses are large, there is a little flexibility to alter the layout for a 5th bedroom, an early exchange could secure the chance to make changes and have a say in option choices.
Please see the floorplan for room sizes.
Current Council Tax: TBC
Approx Age: 2025
Construction Notes: Timber frame and tiled roof
Utilities: Mains electric and water
Drainage: Private Drainage (individual treatment plants)
Heating: Air source heat pump with underfloor heating
Listed: No
Conservation Area: No
Tenure: Freehold
Buyers Compliance Fee Notice - Please note that a compliance check fee of 25 (inc. VAT) per person is payable once your offer is accepted. This non-refundable fee covers essential ID verification and anti-money laundering checks, as required by law.
CREDITON: An ancient market town, with a contemporary feel only a short, 20-minute drive NW from the city of Exeter. Set in the Vale of the River Creedy, amongst gentle, rolling hills and verdant pastures. Sincerely picture postcard. Once the capital of Devon, Crediton is famed for its inspiring sandstone church and for being the birthplace of Saint Boniface in 680 AD. Its high street is a vibrant place, abuzz with trade artisan coffee shops, roaring pubs, a farmers market and bakeries, jam-packed with mouthwatering delights. For those commuting it has hassle free transport links into Exeter and for schooling a prestigious community college (Queen Elizabeths). In addition, it boasts a brilliant gym & leisure centre for New Years resolutions, three supermarkets for the weekly shop and a trading estate for any practical needs. All neatly held in a single valley.
DIRECTIONS : For sat-nav use EX17 3QE and the What3Words address is ///able.century.remotest
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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