3 bedroom terraced for sale

£260,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

Within Crediton town there are pockets of houses that arent obvious to many, even those that have lived in the town for years and this development is one of them. Built in 2010, Saxon Close and Kirton Drive is a development of 2, 3 and 4 bedroom homes. The mix of styles provides something for everyone and has proved to be a popular destination for families over the past few years.

This brick faced, easy to maintain house has a garage in the neighbouring coach house next door, making it an ideal set up with the garage and parking being adjacent. The house has been in the same ownership since it was built and offers well laid out accommodation over the two floors. The entrance hall gives access to a useful WC and then the kitchen/dining room, a sociable space to entertain and the living room runs along the back, opening onto the level rear garden. On the first floor are the 3 bedrooms and a family bathroom. The whole house benefits from mains gas central heating and uPVC double glazing, making it an economical house to run. As previously mentioned, theres a garage with parking in front to the side and the rear garden is mainly lawned. There is a fence with a gate along the rear boundary for rear access

Agents notes:

Technically, the house is mid-terraced as its joined on both sides but in reality, it doesnt feel like a terraced house with no party walls to one side.

There is part of a grade II listed garden wall included in this property for which responsibility is shared with some other neighbours and the management of such is done between neighbours, a payment of 10 per month is made for this.

The garage is on a peppercorn lease which was 99 years from new, a contribution of approx 12 per year is payable.

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

Built in 2010

Construction Notes: Standard

Utilities: Mains electric, water, gas, telephone & broadband

Drainage: Mains

Heating: Gas fired central heating

Listed: No

Conservation Area: No

Tenure: Freehold

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 secondary school with sixth form (Queen Elizabeths). In addition, it boasts a brilliant gym and 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 3DS and the What3Words address is ///layered.forehand.sideburns but if you want the traditional directions, please read on.

From Crediton High Street, proceed as if driving to Exeter and pass the parish church on your left before bearing right past the Fire station. Follow the road around the bend and turn right into Park Road and then first left into Dokkum Road. Dokkum Road will turn into Saxon Close and the house will be found on the left.

Mortgage Calculator

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 )

Return on Investment

£
£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 217200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 6500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 22200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

Total Profit

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  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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