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£675,000 Guide Price
Bedrooms
Bathrooms
Situated within the idyllic Rutland village of Clipsham sits Drakes Cottage, a beautiful Grade II detached home with fabulous gardens, generous parking space and a separate stone outbuilding presently used as a garage and garden store.
Formally a dairy, this delightful property was fully renovated around thirty years ago and has since been extremely well maintained and very much updated throughout. The property is built of local limestone under a Collyweston slate roof. The main roof was completely retiled as part of the late 1990 refurbishment program with the single storey roof being refurbished in 2022. Great attention has been paid to all the period features which have been lovingly preserved, such as exposed timbers and stone walls, pretty window seats and flag stone flooring.
There are three reception rooms to the ground floor along with a delightful breakfast kitchen, utilities area and a bathroom. On the first floor are two beautifully proportioned bedrooms and on the second floor is a wonderful principal bedroom suite with a huge en suite bathroom.
Welcome Home - The sitting room is dual aspect with charming views across the front elevation and pretty French doors to the rear allowing access to a courtyard area. Sitting in perfect harmony with feature stone window reveals and exposed ceiling timbers is a wonderful Inglenook fireplace with wood burner which provides a lovely focal point to the room. Tucked away in the right hand corner is the original bread oven and to the left is a storage cupboard with stripped wooden door.
Next door is a wonderful dining room with weathered flag stone floor and a large Inglenook fireplace with a decorative iron grate and stone hearth.
Moving through a rear hallway, we find a useful utility space which houses the boiler and provides space for the washing machine and tumble dryer along with various other house hold items.
To the rear of the hallway is a bright airy kitchen. This lovely room is dual aspect with windows overlooking the courtyard and pretty French doors which open to the delightful garden providing the most perfect spot for summer entertaining and alfresco dining.
An electric two oven Aga is complemented by an electric multifunction oven, hob and microwave. A range of wall and floor standing bespoke cabinets allow for plenty of storage along with housing a Belfast sink and an integrated dishwasher.
The study is ideally located to the far side of the property away from the main living area. The perfect place to study or work from home, this peaceful room also has a loft staircase which leads to a mezzanine area large enough for a single futon or mattress.
Completing the ground floor is a beautiful bathroom which has a free standing roll top bath tub on claw feet, a shower, a loo, wash hand basin and a traditional towel rail. Stone floor tiles complement the exposed stone walls and deep raised platform where the milk churns were once stored!
And So To Bed... - Two large bedrooms radiate from a pretty hallway complete with a pretty window seat which overlooks the rear.
The first of the bedrooms has an exposed stone wall featuring a cast iron fireplace with stone lintel over. In the corner is an inbuilt storage cupboard, which is used as a wardrobe. Again, a pretty window with window seat offers very peaceful views over the front elevation.
Along the hallway is another very generous bedroom which has a range of in built wardrobes offering plenty of hanging and storge space. This delightful room has some wonderful features and pretty views over the front elevation.
The large principal bedroom suite is the most tranquil space which spans the entire second floor which is flooded with natural light due to the gable window and the Velux roof lights. An extensive range of in built low rise wardrobes provides excellent storage.
Beyond the bedroom, there is a vast en suite bathroom. Taking centre stage is a free standing roll top bath along with a shower, loo and wash hand basin.
Step Outside - The utterly charming garden is mainly lawned with mature shrubs and perennial plants enclosed by a stone wall and recently installed estate fencing.
Within the garden are various areas for seating along with a very pretty courtyard area with access to a large stone outbuilding currently used as a garage/store. The current vendors had plans drawn, but not submitted, for the outbuilding to become part of the main living area, details of which can be provided by the agents.
A shingle driveway provides access to a large parking area with gated access to the house and gardens.
Local Amenities - Clipsham is a pretty, rural village on the borders of Rutland and Lincolnshire, home to the award-winning village pub, The Olive Branch and only 10 miles away from the market towns of Stamford and Oakham which offer a wide range of shopping and entertainment. Easy access to the A1 is an advantage for commuters travelling north or south in addition to local journeys. Mainline trains to Kings Cross/St Pancreas depart from Grantham (15 minutes away). Close by is Hambleton bakery and a micro store.
Forestry England are creating a new multi-purpose woodland on a 220-hectare site at the Clipsham Farm, which straddles the border of Rutland and Lincolnshire. The new woodland will offer fabulous walks and cycle trails, as well as enhance biodiversity, and sustainability.
Services - Electric, water and mains drainage are understood to be connected. The property has oil fired central heating. (none tested by the agent).
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: E
Tenure: Freehold
EPC Rating: Exempt (Listed Building)
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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