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£399,500 Guide Price
Bedrooms
Bathrooms
''' SOLD SUBJECT TO CONTRACT '''
An idyllic stone cottage dating back to 1863 which has been tastefully refurbished throughout to offer an immaculate home yet retaining much charm and character. Situated in the most picturesque location in the heart of the charming village of Edith Weston, next to the south shore of Rutland Water.
Step Inside - Step through the entrance porch into a fabulous sitting room with ample room for a dining table, making for a delightful sociable room. On one of the stone walls there is a log burner, which sits deep into the chimney breast and provides a great focal point to this large room. Along with exposed timbers, deep window sills and bespoke shutters that all sit harmoniously together.
Moving through the hallway and past the stairs we find a lovely ground floor bedroom, a tranquil sanctuary for family or guests alike. On a practical note there is a built in double wardrobe.
To the far end of the hallway we reach the beautifully appointed breakfast kitchen, with large glazed doors opening onto the private enclosed terrace.
The kitchen offers a range of recently installed wall and floor cabinets along with quartz work surfaces, a Rangemaster cooker and neatly integrated appliances.
Completing the ground floor accommodation is a guest cloak room offering a loo and a wash hand basin.
And So To Bed... - Ascending the staircase to the first floor with light bright filled spaces with vaulted ceilings, dormer windows and velux windows.
The principal bedroom is the most peaceful heaven with a calm and neutral dcor along with being flooded with natural light.
Across the hallway we find the family bathroom which is fitted with a shaped bath with shower over, towel rail, loo, inset wash hand basin and storage.
Step Outside - Outside there is a pretty enclosed terrace with ample on street parking.
Local Amenities - Edith Weston is a charming village nestled in the heart of Rutland, and has a number of facilities including public house, village shop with post office and primary school.
There are many activities at Rutland Water Sailing Club, including, sailing, kayaking, and wind surfing along with many walking and cycling paths around the water.
Oakham is a short drive away with supermarkets, doctors surgeries and sports facilities, along with private and state schooling for all ages. To the east, (seven miles) the Georgian market town of Stamford is renowned for its architecture and its mix of independent shops and more well known chains, pubs and cafes and restaurants.
The area is renowned for its good schooling with both independent and state schools that can be found in Oakham, Uppingham (6.6 miles), Stamford and Oundle (17.7miles).
Services - Water, electricity and mains drainage are understood to be connected. The property has gas fired central heating.
Fixtures & Fittings - Every effort has been made to omit any fixtures belonging to the Vendor in the description of the property and the property is sold subject to the Vendors right to the removal of, or payment for, as the case may be, any such fittings, etc. whether mentioned in these particulars or not.
Finer Details - Local Authority: Rutland County Council
Council Tax Band: C
Tenure: Freehold
EPC Rating
Current - 68/D
Potential - 83/B
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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