5 bedroom cottage for sale

£950,000 Guide Price

5

Bedrooms

3

Bathrooms

Floorplan

Set in 4 acres of gardens, orchards and paddocks, it becomes instantly clear that Newbury offers something unique. The approach opens up when you pass through the gates, driving through the grounds to a pretty thatched cottage that is sure to welcome you home each and every time. But thats not all, in 2010, a detached former barn was converted into a second home on the site, distant enough to be private but on hand if needed, this is a great set up for those looking for 2 sizeable properties in one gorgeous location. The land is level, split into gardens, paddocks and an orchard and totals 4 acres, plus theres a small stream on the northern boundary. Its idyllic.

Newbury itself is a detached, Grade II thatched cottage with plenty of character. Its history is evident with the exposed stone and timberwork found throughout. With its 3 bedrooms, cosy living room, boot room and luxury shower room, plus a sociable kitchen/dining room, its got all the requirements of a country cottage. The climbing wisteria is a sight to behold and there are numerous places to sit and enjoy the gardens.

The Barn is more modern in its appearance, but thats not to say its lacking in character. The ground floor offers tremendous space with a living room, a double sided wood-burner links to the kitchen/dining room, plus theres a large third bedroom or games room/study. On the first floor, the two double bedrooms are served by a central bathroom. This is a true home and sometimes, where two properties are found in one, one is subservient to the other but here the two, although different, are of a similar size. Attached to the barn is also a large garage.

The gardens surround the main house with the barn enjoying an open aspect over one of the paddocks and its own garden area too. With well stocked beds (complete with irrigation system), established shrubs and trees, its a delightful garden that will keep those with the greenest of fingers busy all year round. The remaining land is split into two main paddocks (approx. 1.3 and 1.5 acres see plan) and an orchard too.

If youre looking for an escape, with no near neighbours, two homes and some useable land then look no further.

Agents note: The land is split over two titles but can be formed as one during the purchase. The barn conversion is an annexe to the cottage and as such is ancillary accommodation and falls within the same title and is subject to the listed status.

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: Cottage 16-17th Century, barn converted in 2010

Construction Notes: Cottage, Cob with stone, barn block and brick

Utilities: Mains electric, private water (borehole), telephone & broadband via Starlink (to both properties)

Drainage: Private Drainage - treatment plant

Heating: Electric and wood burners

Listed: Yes Grade II

Conservation Area: No

Tenure: Freehold

YEOFORD is a popular village with a lovely community feel, in a gentle valley, 4 miles from the market town of Crediton and linked to Exeter via the Tarka-Trainline or with access to the A30 via Cheriton Bishop. Yeoford is a busy place with yearly festivals, including Yeofest described by some at the best little beer festival in Mid Devon. In addition, and for those that prefer apples there is Yeocider. The modern community hall hosts yoga, life drawing and crafting classes and the newly refurbished pub The Duck which serves great food is also home to the community shop. The village is a great place for families with its own Primary School, a recently renewed playground and football field, the church which runs coffee mornings and a Messy Church plus a nursery called Sweetpeas, which is currently rated outstanding across all areas. There are lots of great countryside walks too.

DIRECTIONS

For sat-nav use EX17 5HA and the What3Words address is ///informer.cutback.pans but if you want the traditional directions, please read on.

From Crediton, head towards Yeoford and pass The Duck on your right. Go over the railway bridge and immediately right as signed to Hittisleigh. After approx 1.7 miles, take the right turning as signed to Newbury. Go to the bottom of the hill and the entrance to Newbury will be ahead of you through the gate.

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

£ 775200

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
    £ 23750
  • 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.

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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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This is the assumed rate of house price inflation.

Final Property Value

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Notes

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