6 bedroom farm house for sale

£650,000 Guide Price

6

Bedrooms

4

Bathrooms

Floorplan

Nymet Bridge House is a detached period property, some of which is believed to date back to the 13th century. Not listed yet full of character, the property is constructed from cob with modern brickwork extensions, all finished with a rendered facade beneath a tiled roof. Set in approximately 1.3 acres of private gardens, the property benefits from beautiful outdoor space, a mature orchard, river frontage, stabling, and a large open-fronted barn. Its located between the villages of Lapford and Nymet Rowland and with easy access to the A377 and the Tarka rail line at Lapford or Eggesford linking to Barnstaple or Crediton/Exeter for rail access to London.

The house offers a terrific amount of space over two floors. Due to the layout theres a lot of flexibility on how the spaces are used. At the centre of the home is a sociable kitchen/family/dining which is sure to be an attraction for many. Theres three additional reception rooms, currently used as a living room with a large fireplace and small study, a bar/games room and a music room/study. With six bedrooms in the current layout, its clear to see that theres plenty of options for a new buyer. Worth noting is that at one end, theres a bedroom with a conservatory, used as a ground floor suite but this could become another reception, indeed at the other end, a couple of bedrooms and the games room could be used as an annexe with a little modification but the space is there to do so. Throughout is oil fired central heating and a wood-burner to the main living room.

Access is in from the country lane via a private driveway which leads into an ample parking area and the open fronted barn. This barn is ideal for covered storage and would suit a range of uses including trailer/caravan/boat storage. The gardens are mainly laid to lawn with fencing separating the paddock area and the orchard. Theres river frontage onto the River Taw which makes a pretty backdrop to the gardens. In addition to the large barn are a selection of further outbuildings including former stables and with some minor adaptations, this property could work for a pony or livestock.

Its a wonderful property, large inside and out and a gorgeous setting without being remote. We love the privacy here too!

Agents notes: The house is near the Tarka Line, a single track local railway, whilst this isnt intrusive, buyers should be aware.

The River Taw does run along the northern boundary of the grounds. Buyers should make enquires about potential flooding but the current and previous owners have stated that the property itself hasnt flooded during their time here dating back to at least 2001.

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 F Mid Devon

Approx Age: Original parts believed to be 13th century with later additions

Construction Notes: Cob and Stone

Utilities: Mains electric, mains water, telephone & broadband

Drainage: Private drainage

Heating: Oil fired central heating

Listed: No

Conservation Area: No

Tenure: Freehold

Nymet Rowlandis a small village and parish of the same name, located to the north of Dartmoor. It sits on elevated lands, of pastoral cultivation and regular coniferous plantations with unimpeded, striking views of its surroundings. Part of its title Nymet is derived from the Old English name for the nearby River Yeo. As a village, it is a still, serene place with a rustic 15thCentury Church one of only two in Devon with an original oaken arcade (to its north aisle). The neighbouring village of Lapford (1 mile) offers a place to pick up any daily essentials with a modern shop/ post office. Lapford also has an excellent primary school (commended by Ofsted), large playing fields and a popular pub The Old Malt Scoop Inn which provides an la carte dining experience. From Lapford, buses and trains run towards the City of Exeter and Barnstaple in North Devon.

DIRECTIONS

For sat-nav use EX17 6QX and the What3Words address is ///neckline.victor.stones but if you want the traditional directions, please read on.

From Crediton High Street head towards Copplestone and stay on the A377 towards Barnstaple. Go through Lapford Cross (petrol station on your right) and continue on this road through the valley for approximately a mile and a half and look out for the left turn to Nymet Rowland. Continue over the bridge and then shortly afterwards turn right into the driveway and the house will be found on the right.


EPC Rating: D

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

£ 538950

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
    £ 16250
  • 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.

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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.

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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

£ 51450
  • Mortgage Interest
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    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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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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

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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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Final Property Value

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