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£185,000 Guide Price
Bedrooms
Bathrooms
Kiddicott is on the lower side of The Green with easy access to the town without being on the High Street or main road. Schools, both primary and secondary, are within walking distance as are the shops and public transport, with buses running to Exeter every 20 minutes within a minutes walk of the front door.
No.3 is a mid terraced, traditional town cottage likely to date back to circa 1850. Its been well maintained whilst not losing too much character and with modern additions of uPVC double glazing and mains gas central heating, plus being mid terraced, its an economical house to live in. The layout is typical of this type of property. The front door leads into the living room, a cosy room with a fireplace (containing a wood-burner which hasnt been used) and this opens through to the kitchen/dining room. A ground floor extension was added to the rear a few years ago which provides a handy additional space and is used as a utility room and this opens out to the rear courtyard. On the first floor are two bedrooms and a family shower room.
Outside, the plot is level and the rear courtyard provides some outside space to sit out, theres also an outbuilding to use as a store. Although theres no off-road parking with the cottage, on street parking is available locally and it may be possible to rent a parking space nearby from a local business (ask agents) or an annual parking permit can be purchased from the council.
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: 1850
Construction Notes: Stone/cob under slate roof
Utilities: Mains electric, water, gas, telephone & broadband
Drainage: Mains
Heating: Gas fired
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 2AY and the What3Words address is ///exacted.vets.galloped but if you want the traditional directions, please read on.
From Crediton High Street, head west towards The Green. At the traffic lights, turn right and stay on the bottom side of The Green and the cottage will be found on the left.
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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