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£1,450,000
Bedrooms
Bathrooms
CONTRUCTION
6 The Lakes is a barn conversion that was constructed between 2017-2019. The property is built on concrete strip foundations. The walls consist of hollow core concrete blocks, 2 layers of 50mm PIR insulation boards, a rain screen, 25mm battens and are clad in horizontal larch cladding. The roof is 115mm Kingspan KR1000 profiled sheet cladding. The floor is laid with ground bearing concrete, 100mm PIR insulation boards, a flow screed housing the underfloor heating pipework, and finished with ceramic tiling or hardwood flooring.
The property was designed to be as energy efficient as possible, benefitting from features such as 4 kVA solar panels, a Mechanical Ventilation with Heat Recovery system, and triple-glazed aluminium framed windows. Heating is provided by an air source heat pump which supplies underfloor heating and hot water, plus a hot water cylinder located in the utility. The heating is zone-controlled via a control panel in the utility. The property is mains water connected and waste is treated via an on-site mini sewerage treatment plant.
ACCOMMODATION
The ground floor comprises an entrance lobby which provides ample space for shoes and coats. This opens to the two main reception rooms - both of which have vaulted ceilings separated by the central galleried landing and full-height front windows. To the left is an impressive lounge with bi-folding doors letting in views of the garden and a Tonwerk rotating wood burner. To the right is a stunning kitchen/dining room - fitted by Schuller, the kitchen comprises a range of units with solid oak worktops, integrated appliances including Neff double oven, induction hob, dishwasher, fridge/freezer, and a central island with marble worktop.
An inner hallway leads to the bedrooms - the master bedroom with dressing area, ensuite shower room and bi-folding doors to the garden. Bedrooms 2 and 4 both have vaulted ceilings with mezzanines, currently used as bed spaces, with Bedroom 2 benefitting from a second ensuite.
Bedroom 3 is a further double bedroom, currently utilised as a study/hobbies room. The family bathroom comprises a floor-standing bath, a generous walk-in shower, a WC, a vanity wash basin, and a heated mirror. There is also a cloakroom and utility/plant room with high and low fitted units, worktop, sink and external door.
On the first floor, there is a large galleried landing which overlooks the kitchen. Off the landing is a study area, a WC, and access to the ample eaves storage. At the rear is a playroom or fifth guest bedroom with access to the mezzanines of Bedrooms 2 and 4.
GROUNDS
The property is accessed via an entrance off Twenty Pence Road which is shared with the neighbouring properties. Off this entrance is a private driveway leading to the property and providing parking space for 15+ vehicles. To the front and west side of the property is garden land which includes fruit trees, a play area, a ptanque pitch, an outside bar with electricity connected, and a yard containing various outbuildings with mains water and drainage connected. The main outbuilding contains a WC and could be converted to a number of uses, including additional accommodation/potential annexe, subject to the necessary permission.
North of the property is further land, previously used for grazing, with river bank boundary adjoining the River Great Ouse which continues down Cottenham Lode. A public footpath traverses this area providing pedestrian public access from Twenty Pence Road to Cottenham Lode.
To the south of the property is a lake of around 2 acres which is stocked with Carp, Tench and Rudd fish. The seller, along with other residents of The Lakes also have exclusive access rights to the Lake. The seller also has majority ownership of the lake which is available to purchase by separate negotiation.
LOCATION
Cottenham is one of the largest villages in Cambridgeshire with many facilities available and a wide range of properties, from period townhouses on the high street to more modern developments on the outskirts of the village. Transport links are excellent as the village is approximately 2 miles (4.83 kilometres) from the A10 and A14. In addition, the village has a regular bus service to both Cambridge and Ely.
Cottenham Primary School is located on Lambs Lane and Cottenham Village College provides both secondary schooling and a small sixth form provision for students with SEND, as well as adult learning classes and numerous after-school events.
Facilities include a gym, sports hall, tennis courts and sports field which are commonly used by the local community. Cottenham has a broad range of amenities including two doctors surgeries, a dental surgery, a library, two mini supermarkets, a newsagent with a post office, pharmacy, butchers, bakers, community coffee shop, fish & chip shop, a hairdressers, barbers and beauty salon, two pubs, an award winning Indian restaurant and a village hall.
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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.
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