4 bedroom town house for sale

£325,000 Guide Price

4

Bedrooms

1

Bathrooms

Floorplan

Since its creation, the Town Square in Crediton has become a focal point of the town with a range of cafes, a great pub and small independent shops. The seating areas provide a safe and central meeting place and the amenities of the town are just a short walk away. Also nearby is Newcombes Meadow, with its rec, a play park and bowling green it caters for all ages. Just off the square, the historic Parliament Street is home to a row of brick town houses. Built over 100 years ago, they vary in size and layout with No 8 being one of the larger ones. Set out over 3 floors, there are ample and flexible living spaces with four double bedrooms and a sociable ground floor which opens onto the rear garden.

A welcoming entrance hall brings you in, creating a nice welcome buffer from the street outside. Theres room for coats and shoes and this leads to the main living space which is two rooms, opened up into one larger room. Theres a living room with a wood-burner to the front and a dining area to the back with its original fireplace and the doors opening onto the rear garden and seating area. An extension is home to a well fitted kitchen with ample space, quarry tiled floor and is a light room with a velux to the vaulted roof. Theres a stable door to the garden and an opening to a utility room with room for a fridge freezer and laundry goods, leaving them out of the kitchen.

On the first floor is a large double bedroom with a large bathroom and then up again to the top floor with three further bedrooms and a shower room. The current owners have enjoyed this layout as their children have got older and had their own floor!

Outside, the garden to the rear is mainly level and a good size being off-set at the back of the house. Its got lawns and paved seating areas plus storage for bins/recycling etc.

Although there is no parking with the property, there is parking available nearby on the street, plus an annual permit can be purchased for the car parks in the town.

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: 1900

Construction Notes: Standard

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

Drainage: Mains

Heating: Mains gas

Listed: No

Conservation Area: Yes

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 2BP and the What3Words address is ///herring.names.rekindle but if you want the traditional directions, please read on.

From Crediton High Street, turn into Market Street and into the town square. Pass the Three Little Pigs on the left and enter Parliament Street. The property will be found on the right. For viewings, parking is available in the square or Market Street carpark.


EPC Rating: E

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

£
£
£
£

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

Mortgage Required

£ 270825

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
    £ 8125
  • 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

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£

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

£ 27075
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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

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

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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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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