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£275,000 Guide Price
Bedrooms
Bathrooms
Nestled at the end of the village, Wood Lane offers a peaceful location, yet remains close to the heart of the village and nearby walks. Morchard Bishop, one of the larger villages in Mid Devon, boasts a fantastic community spirit, a local shop, regular events, and a well-regarded pub serving delicious food. The area is well connected with a bus service running five times a day to Crediton and Exeter, and nearby stations on the Tarka Line offer easy access to Crediton, Exeter, and Barnstaple via rail. The cottage itself is Grade II listed, thatched and full of character.
Having lived here for nearly 40 years, the current owners have enjoyed the peace and quiet of this tucked away home. With origins as far back as the 1700s, the history is clear to see. Its a very pretty home and the roof was rethatched about 3 years ago providing plenty of life ahead. Throughout, the character is evident with exposed timbers, interesting nooks and a wonderful fireplace to the living room. As its an old cottage, it probably isnt suitable for tall people with some ceilings and doorways being lower than that of a modern house, but this just adds to the character. The layout offers a kitchen/breakfast room with solid worktops and built in storage, a Rayburn (providing heat and cooking) and an electric cooker for the summer months. Theres a cosy living room with wood burner and a ground floor family bathroom. On the first floor are the 2 double bedrooms with built in storage and a charming landing area.
Outside, the pretty front garden sets it back from the private lane (only passing traffic is that of the handful of neighbours beyond) and leads around to the side where it opens into a surprising side/rear garden. Complete with a lovely large greenhouse, summer house and a covered seating area, theres plenty of outside space to enjoy. Theres areas of lawn and paving too to choose your spot for alfresco dining. Just a short walk away, on Wood Lane is a garage which is included in the sale. The garage is in need of a little TLC but provides an excellent footprint for an improved garage or storage.
Subject to situation, the cottage maybe sold with no chain ask the agents for clarification.
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 B Mid Devon
Approx Age: 1700s
Construction Notes: Cob and Thatch
Utilities: Mains electric, water, telephone & broadband
Drainage: Mains
Heating: Electric and Wood burner (plus Rayburn in kitchen)
Listed: Yes Grade II
Conservation Area: Yes
Tenure: Freehold
MORCHARD BISHOPis a village and civil parish set in the sumptuous hills and valleys of Mid-Devon, halfway between the North and South of the County, 7 miles west of Crediton and 14 miles from the regional capital, Exeter. The showpiece is the spectacular 16thCentury Church of St Marys, one of two churches in the village. This small but thriving community, with a population of just under 1000 has a primary school, doctors surgery and local shops. Those who lead an active lifestyle can take advantage of the football, netball and outdoor tennis clubs as well as enjoying a game of bowls on the Green. At the centre is the friendly London Inn, loved for its generous servings of delicious, locally sourced food. Dating back 400 years, this traditional pub was once a stop for passing coaches when the main road from Exeter ran through the village. Today, the nearby railway station at Morchard Road carries passengers from Exeter to Barnstaple along the scenic Tarka Line. Dartmoor and Exmoor, areas of outstanding natural beauty are within 30 minutes drive.
DIRECTIONS
For sat-nav use EX17 6PE and the What3Words address is ///shave.presenter.long but if you want the traditional directions, please read on.
Enter Morchard Bishop from the A377 at Morchard Road and proceed past The London Inn (on your right). At the memorial, take the right fork and proceed to the bottom of the hill. Youll pass Old Rectory Gardens on your right and shortly after is a lane off to the right. The property is up the lane on the left. For viewings, please dont drive up the little lane, park nearby and its only a short walk.
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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