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£265,000 Guide Price
Bedrooms
Bathrooms
Morchard Bishop is full of pretty historic cottages and this one doesnt disappoint. Its set back behind a large south facing garden and is being sold with no onward chain. The village has a regular bus service and is a short drive to the local train station, theres a great village store, popular foodie pub and a primary school along with many local village activities.
Entering via a handy porch with space for coats and shoes, this then leads to the impressive lounge with has high ceilings and a large central original beam with inglenook fireplace with woodburning stove. There is plenty of room for a dining area and sofas - the room has a lovely cosy cottage feel. The kitchen to the rear has wood effect shaker style units with space for a washing machine and cooker, a table fits comfortably in this area and theres space for a fridge/freezer.
Stairs lead to the first floor where there are two front facing double bedrooms. The bathroom has floor to ceiling tiles with a corner shower enclosure WC and sink. The added bonus to the first floor is a further room (with limited height) that can service as a nursery, play room, storage or office area.
Outside to the front there is a lovely cottage garden with seating area immediately to the front of the house with a lawned area and flower and shrub borders. There is a garden shed and scope to create parking, (subject to planning permissions, a previous granted permission has lapsed). Parking is currently found easily on street adjacent to the property.
Please see the floorplan for room sizes.
Current Council Tax: Band B - Mid Devon 2025/26 - 1912.70
Utilities: Mains electric, water, telephone & broadband
Broadband within this postcode: Superfast 80Mbps
Drainage: Mains drainage
Heating: Woodburning stove
Listed: Grade II
Conservation Area: Yes
Tenure: Freehold
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.
MORCHARD BISHOPis a popular village, sitting amid a network of more than 60 footpaths and bridleways including the Two Moors Way, for which it is the mid-way point. Famous for having the longest row of thatched, terraced cottages in England Morchard is a popular village not least because of its C of E primary school (OFSTED Good), excellent pub, doctors surgery, and community run shop. Theres a thriving community scene offering a variety of events and activities ranging from the monthly produce market to sporting clubs. Nearby is Morchard Road where you can catch a train on the scenic Tarka Line to Barnstaple or Exeter. For a wider range of shops and amenities Crediton and Exeter are 7-miles and 15-miles away respectively. A regular daily bus service from the village also provides access to both these towns.
DIRECTIONS : From the A377 at Morchard Road, head towards Morchard Bishop, go straight through the village taking a left fork at the war memorial. Head down and the property can be found on the entrance to The Green
For Sat Nav: EX17 6PB
What3Words: ///situates.dislodge.nation
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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