4 bedroom detached for sale

£800,000 Guide Price

4

Bedrooms

3

Bathrooms

Floorplan

The small Mid Devon village of Colebrooke sits atop a hill with some stunning far-reaching views over the rolling countryside. These views are in abundance, particularly from the gardens and first floor of this large, detached barn conversion in an enviable private, village edge position. The village has a thriving community and along with the nearby villages of Coleford (with its pub) and Penstone, there are events and the opportunity to meet new friends on a regular basis. The town of Crediton is about 5 miles away and through the lanes, you can join the A30 at Cheriton Bishop for access to Exeter / Okehampton. Its a quiet, traditional area, somewhat unspoilt without being off the beaten track.

This stunning brick built barn is being offered to the market for the first time in over 25 years. Its been a wonderful family home and with the space on offer inside and out, its a perfect setting for village life. The barn is on mains electric, water and drainage and then air source heat pumps provide central heating along with a woodburner for those chillier winter nights. The property has been well maintained and being brick under a slate roof, ongoing maintenance is somewhat reduced without the need for regular painting! Theres double glazing and insulation as one would expect.

Upon entry, youre greeted with the one-off staircase, a real feature of the house with plenty of light and this gives a hint that this place is a little different. The hub of the home is the large kitchen/dining/family room. Its large, sociable and some may go as far to say, excellent for entertaining. With the space and the wood-burner, along with doors opening out onto the terrace, its got plenty of flexibility. Theres a separate cosy living room which is up a couple of steps, again making it just that little bit special. Also on the ground floor is a utility room, WC and a study. Outside, within the front courtyard is a useful hobby room which would suit a range of uses.

The grand staircase gives access to the first floor with the four double bedrooms. The master bedroom has a large ensuite and a walk-in wardrobe and makes it a wonderful retreat from the rest of the house. The further three bedrooms are served by the family bathroom.

Not to take anything away from the house, but the gardens will be the main attraction for some. Entering your own land via a sweeping driveway, its sure to put a smile on your face every time! The driveway provides ample parking overall but leads to the integral double garage in the rear courtyard. This is ideal for keeping the cars out of the way and secure. The gardens are mainly laid to lawn with natural hedging and some fencing, a variety of trees and shrubs add some character. Theres plenty of storage / workspace with an additional detached timber garage / workshop and more parking for trailers / motorhomes etc. As well as the main gardens are the front courtyard, a very private space (with a gate to the village too) and this provides excellent space for alfresco dining when the weather allows.

Its a super property in beautiful gardens and to get the size both inside and out, in a village setting doesnt come along too often!

Buyers Compliance Fee Notice

Please not that a compliance check 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 G Mid Devon

Approx Age: Converted 1980s

Construction Notes: Brick under slate roof

Utilities: Mains electric, water, telephone & broadband

Drainage: Mains drainage

Heating: Air source heat pump and wood 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 ///sticks.ruffling.succeed but if you want the traditional directions, please read on.

From Crediton, head to Coleford and once youve passed The New Inn on your right, reach the junction and turn left towards Colebrooke. After approximately 0.6 miles (after you cross the bridge and head up the hill) you will see a stone building on your right. Immediately take the next driveway on the right and then immediately left into the driveway of Branscombe.


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

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£
£
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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

£ 662700

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
    £ 20000
  • 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

£ 62700
  • 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)
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  • 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.

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