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£850,000 Guide Price
Bedrooms
Bathrooms
Youngs Farm has been imaginatively and sympathetically converted from three barns; a 19th century granary, and two earlier stone, brick and cob barns, all with slate roofs. A generous entrance hallway with Cumbrian slate floor leads up to a reception area with a downstairs cloakroom. This space opens into a light, comfortable, dual aspect sitting room with modern Italian pellet stove and solid oak floors. A double doorway leads off the sitting room into a wonderful garden room which can be enjoyed all year round with some stunning vistas over the surrounding countryside, and a large sliding door leads directly to a raised decking area which offers a great place to enjoy the views. Also from the reception area, stairs lead to two double bedrooms and a modern bathroom. This whole area benefits from oil fired central heating with a modern condensing boiler. A doorway from the reception area leads into a stylish, triple aspect kitchen/dining room with vaulted ceiling, exposed brickwork, solid ash flooring, Aga and access to an enclosed, walled courtyard garden.
From the kitchen there is a utility area with modern units including additional cooking facilities and space for washing machine, etc. This area opens out into an impressive double height, ash floored, rear entrance hall with access to the large garage. Off the hall are two ground floor bedrooms, a family bathroom and separate WC. Stairs from the hall lead to two mezzanine spaces, suitable as office/tv rooms, and a further large double bedroom with ensuite shower room. This whole area has potential as an independent living space with its own modern heating systems throughout.
All the accommodation is double glazed, with high levels of insulation and plenty of windows, including Velux, which offer good light levels throughout. The internal accommodation is 3000 sq ft, plus the unconverted barn offering additional potential, all being set in just under an acre its a great balance.
A gravel entrance drive leads to the front of the house and provides access to an open fronted double garage. In the garden there are a number of flower borders, trees and shrubs providing year round colour. The gravel drive leads past the paddock (approx. 0.8 acres) and a further single garage, to the rear of the property where there is a secluded courtyard garden with lawn and a variety of flower borders.
The barn with planning permission to convert to a three bedroomed unit is also accessed from this driveway and is currently configured to incorporate two stables, feed room, storeroom and two large upstairs workshops. This offers an exciting opportunity for prospective purchasers. Agents Note: This barn was part of the original conversion plans but the building was never developed, as such, the planning is still active for a separate residential dwelling. Original Mid Devon reference of 89/01805/FULL.
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.
Please see the floorplan for room sizes.
Current Council Tax: Band C Mid Devon
Approx Age: Converted 1990s onwards
Construction Notes: Standard
Utilities: Mains electric, water, telephone & broadband
Drainage: Private Drainage (septic tank)
Heating: Oil fired boiler and air-source heat pump and wood pellet burner
Listed: No
Conservation Area: Yes
Tenure: Freehold
COLEBROOKE village is an easy five-mile drive west of Crediton. The Church of St Andrews dominates the skyline and is surrounded by character properties, many of which wear with the regions distinctive thatch. The Devonshire Heartland Way, a 43-mile footpath running from Okehampton to Stoke Canon, winds its way through the villages rolling landscape and joins with the Two Moors Way long distance path. For a pacier form of transport, Yeoford station is two miles away providing access to the county town of Exeter. Colebrooke Parish scoops up the hamlets of Coleford, home to The New Inn, a pub with rooms, and Penstone, a pretty hamlet accessed via a ford.
DIRECTIONS : For sat-nav use EX17 5JH and the What3Words address is ///ulterior.sprayer.delay but if you want the traditional directions, please read on.
Leaving Crediton towards Copplestone, after approx. 2 miles, take the left turn at Barnstaple Cross as signed to Coleford. Continue into Coleford, pass The New Inn on your right and at the junction, turn left towards Colebrooke. Once in the village, pass the church on your right and Youngs Farm will be found approx. 150m on your left.
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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