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£1,250,000 Guide Price
Bedrooms
Bathrooms
A charming cottage close to Ashdown Forest with some excellent equestrian facilities and delightful views towards Ashdown Forest.
Sitting room, Dining room, Kitchen/breakfast/family room, Utility room, Cloakroom.
Landing, Principal bedroom with ensuite shower room, 3 further bedrooms, Family bathroom.
1 Bedroom annexe.
Stable yard with 3 boxes, Barn, Sand school, Parking, Garden with seating area, Paddocks.
About 4 acres
Property
A covered porch has the front door opening into the sitting room with wood burning stove and exposed beam. The kitchen/breakfast room has a delightful view, French doors to the garden, fitted wall and floor units, granite worktops and oak floor. It is open to the family room. There is also a utility room and cloakroom.
On the first floor there is a principal bedroom has built in wardrobes and an en-suite shower room. There are 3 further bedrooms and a family bathroom.
Outside
There is a large parking area between the house and the annexe. The one bedroom annexe is well presented and has a garden to the rear. The stable yard has 3 boxes, hay store and grooming area. There is also a barn which is currently used as storage, but would make a good work shop or potential home office. Beyond the stables is the sand school and the paddocks. The property has direct access to Old Forge Lane which adjoins Ashdown Forest. In all about 4 acres.
Tenure, Local Authorities and Services
Freehold. Wealden District Council: . East Sussex County Council . Council Tax band G. Mains electricity and water. Private drainage. LPG Heating. EPC band F.
Directions
From Forest Row head south-east on the A22 to Nutley. Proceed through Nutley and after 1 mile Old Forge Lane will be found on the left. The property is on the left just before the lane.
Local Amenities & Communications
The property is located a short distance from the village of Nutley, which has a Church of England primary school, a service station, village stores and 2 restaurants. There are excellent private and state schools and some fine country pubs in the surrounding area. The larger village of Forest Row (about 6 miles) provides a good range of shops and facilities, including two supermarkets and a number of cafes and restaurants. More extensive facilities are available in Uckfield (6 miles), Crowborough (6 miles), Haywards Heath (10 miles) and East Grinstead (10 miles) with each providing train services to London Bridge/Victoria. Gatwick Airport is about 19 miles away, with the Gatwick Express providing an additional train service to London Victoria. The M23 gives access to Gatwick Airport, London, the coast, M25 and the national motorway network. Ashdown Forest is the largest free public access space in the South East and is a great place for walking and enjoying spectacular views over the Sussex countryside.
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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