4 bedroom detached for sale

£395,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

Situated on the edge of the small village of Down St Mary, this detached family home has some beautiful views over the Mid Devon countryside. The village sits atop a hill, giving it the benefit of the views and light but without being isolated. There is a regular train service within a mile, plus a pub and a choice of village shops are within a short drive. The town of Crediton is approx. 5 miles away and has all of the usual amenities and Exeter is another 7 miles further on. Worth noting is the mains gas that Down St Mary benefits from, unlike many of the local villages.

Marika is a one off build and occupies a generous plot with ample parking and a large rear garden. The whole property is a blank canvass and just waiting for someone to move in and make it home. With the mains gas central heating powering underfloor heating on the ground floor, the layout is comfortable with a good-sized living/dining room running front to back with doors opening out onto the rear garden. Theres a well fitted kitchen with integrated appliances and an essential ground floor WC can be found off the main entrance hallway. We love the covered rear porch (with underfloor heating) to give access to the garage and (subject to permissions) this could be incorporated into part of the house and form a utility room quite easily. The garage could also be converted into a living space if desired as theres already the underfloor heating installed in here too! On the first floor are the four bedrooms, all taking in those wonderful rural views and these are served by a family bathroom (bath and separate shower) as well as a second shower room off the landing.

Outside is ample off-road parking to the front with plenty of space for larger vehicles or 3/4 cars. This leads to the integral garage. Theres access to the side and the rear garden is a great size with plenty of space to play or grow your own produce. Currently, the generous garden has a decked seating area to the rear of the house with modern fencing and some shrubs and small trees. Its a great basis from which to create a suitable garden, whatever your interests maybe. The rural views can be enjoyed from the garden and decking.

Virtual Staging

Weve created some virtually staged images for this property to spark your imagination and showcase furnishing ideas. Please note that these images are illustrative and the property is offered for sale unfurnished.

Agents note: There is a right of way for a neighbour on the boundary of the garden but this has been fenced off so buyers should be aware but it doesnt impact on the enjoyment of the garden.

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 E Mid Devon

Approx Age: 2000s

Construction Notes: Timber framed with block elevations

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

Drainage: Private septic tank

Heating: Mains gas central heating

Listed: No

Conservation Area: Yes

Tenure: Freehold

EPC : C

DOWN ST MARY is a small quiet village with a picturesque Green, a church and village hall. School children are collected in the village with junior children being taken to the modern primary school in the nearby village of Copplestone and senior children being taken to the excellent Queen Elizabeths Community College at Crediton. There are many good restaurants and inns in the area and there is a 9-hole golf course only about one mile away. The village is situated 5 miles west of Crediton and 13 miles from Exeter.

DIRECTIONS

For sat-nav use EX17 6DY and the What3Words address is ///reference.limit.script but if you want the traditional directions, please read on.

From Crediton, head through Copplestone on the A377 bearing right after the traffic lights staying on the A377 towards Lapford. At Morchard Road, take the first left turn to Down St Mary (opposite the Devonshire Dumpling) and when you reach the village, the property will be found approx. 3 houses along on the right.


EPC Rating: C

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

£ 328575

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
    £ 9875
  • 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

£ 32325
  • 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.

£

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
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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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This is the assumed rate of house price inflation.

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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