4 bedroom detached for sale

£1,450,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

A grade II listed timber framed farmhouse ideal as a small holding/equestrian property and is set in an attractive rural spot with delightful views, yet is in a very accessible location.
Dining hall, Sitting room, Study, Kitchen/breakfast room.
Pantry, Cloakroom, Boot/utility room.
Principal bedroom with en-suite shower room, 3 further bedrooms, Family bathroom.
1 bedroom bungalow.
General purpose building.
Garden with terrace and lawn, Outbuilding, Paddock.

About 18 acres
Property
This wonderful period house with a wealth of exposed timbers and beams and lovely fireplaces, dates back to the 17th century and is listed Grade II. The oak front door opens into the dining hall with inglenook fireplace housing a wood burning stove and parquet floor. The sitting room has a parquet floor, fireplace and door to study. The kitchen/breakfast room is fitted with wall and floor units, worktops, oil fired Aga, a 4 ring ceramic hob, pantry and tiled floor. There is also a cloakroom and a utility/boot room.

On the first floor the landing has a hatch to the loft. The principal bedroom has a fireplace, built in cupboard and an en-suite shower room. There are 3 further bedrooms, all with fitted wardrobes and a family bathroom.

Outside
An electric gate opens onto the drive, where there is parking and continues around to the side of the house. The garden at the front has a rhododendron boundary with lawn and a specimen oak tree. The main garden lies to the south and west with a paved terrace and a sweeping lawn divided by hedge and a specimen tulip tree. There is a boiler house, wood store and a garden store/workshop.

There is a separate drive to the 1 bedroom bungalow. It has its own garden with a terrace, lawn and summer house.
The Land
There is a 12 acre field to the north of the garden, which has direct access to the road. On the southern side of the garden is a separate access with a track leading down to the general purpose building (80 x 40). It currently has 3 open bays with an overhang and one enclosed bay with an electric roller door and could be used for a number of different uses including an American style stable yard. There are sections of woodland and the whole property extends to about 18 acres.

Local Amenities & Surrounding Area
Balcombe has a good range of local amenities as well as a railway station. A comprehensive range of shopping, educational and transport facilities is available in Haywards Heath and Crawley. There is an excellent selection of schools in the surrounding area including Worth, Handcross Park, Copthorne and Ardingly.

Tenure, Local Authorities and Services
Freehold. Mains water, drainage and electricity. Oil fired central heating to the farmhouse and bungalow. Mid Sussex DC: West Sussex CC: . Council Tax Farmhouse band G and Bungalow band A. EPC: Farmhouse Exempt and Bungalow band F.

Directions
Heading south from Gatwick on the M23, exit at junction 10a onto B2036. Proceed towards Balcombe. Head past the first left beside The Cowdray Arms and the second left (Stoney Lane) and the house is the first on the right after Stoney Lane.
Communications
The M23 (2.5 miles) provides easy access to M25, the south coast, London Gatwick and the national motorway network. There are mainline railway stations a Three Bridges, Haywards Heath, Balcombe and Gatwick, providing a service to London Bridge and Victoria.

Easements and Wayleaves

The property is offered for sale subject to, and with the benefit of all wayleaves and easements whether specifically mentioned in these particulars or not.

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

£ 1212700

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
    £ 36250
  • 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

Adjust these figures

£

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

£ 125200
  • 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)
    £
  • 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.

£

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    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

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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