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£1,950,000 Guide Price
Bedrooms
Bathrooms
Meraki is a Greek adjective that describes doing something with soul, creativity, love and passion.
The local developer of Meraki has given great consideration to the plots position and the unique opportunities it offers. With coastal views in two directions - the Camel Estuary to the North East and Mother Iveys bay to the North West the house has been designed to make the most of its location.
The floor plan has been designed around family life with a central open plan kitchen/diner which is bathed in light with a 6sqm glass ceiling and a west facing terrace to take in the sunsets. The adjoining living room has a dual aspect corner window with views of the Iron Bridge crossing Little Petherick Creek as it meets the Camel Estuary.
The principal bedroom has a private balcony which enjoys similar views of the Estuary. It also offers a dressing room and high quality en-suite shower room.
Downstairs, there are three further double bedrooms, two with en-suites as well as a family bathroom. A larger multi-purpose room with adjoining shower room could be used as a fifth bedroom, or gym, studio or home office. At the far end of this floor is a substantial family room with sliding doors leading out to the garden.
A gated curved drive provides plenty of parking in addition to the double garage. The property will offer privacy with oversized sleeper walls bordering the plot. The level lawned garden has plenty of space to entertain in and provision will be made for the possibility of a swimming pool installation. Existing outbuildings on the site could be adapted to an owners requirements (subject to the developers approval).
Under construction, with an estimated completion of December 2025, the home will exceed contemporary building standards with a Net Zero approach for low running costs and environmental impact. Underfloor heating throughout will be fed by an Air Source Heat pump which will be powered from solar panels with a battery backup. Triple glazed windows will add to the insulation as well as mitigating noise pollution. Acoustic floor treatments will also help to ensure a serene and peaceful home.
The home will offer CAT6 network cabling throughout along with built in CCTV, smart lighting and whole-home audio.
The pallet of materials has been chosen with care as well. Designed with style as well as ease of maintenance in mind. Natural stone cladding will look after itself and will anchor the house, bedding it to the plot. Above, composite cladding offers a contemporary look for minimal maintenance during its lifetime.
Buyers acting quickly will have the opportunity work with an interior designer to influence the choice of kitchens, bathrooms and flooring to suit their tastes. (Further details are available through the agents). Thus Meraki can be a reflection of its owners, by putting something of yourself into its creation.
SURROUNDING AREA
The property sits within a few miles of many of the most sought-after locations in the County. For many years, nearby Padstow (2.5 miles), St. Merryn (3 miles), Trevone (3 miles) and Harlyn Bay (5 miles) have been top of the list as a holiday destination or for a home which can offer the best of Cornwall.
The outdoor lifestyle is one of the main attractions for this part of the county with a vast selection of beautiful sandy surfing beaches, most notably The Seven Bays.
For boating and water sports enthusiasts, the Camel Estuary offers fantastic opportunities with moorings available at Padstow or Rock and some of the finest sailing waters in the country.
Furthermore, two of the best links golf courses in the county are located either side of the estuary providing excellent facilities and stunning views from you round at the Championship Course of Trevose and the picturesque St. Enodoc in Rock.
Padstow and the surrounding areas have gained a wonderful reputation for fine food and local produce. Rick Stein, Paul Ainsworth and Nathan Outlaw all have restaurants in the vicinity.
ADDITIONAL INFORMATION
Air Source heat pump with underfloor heating throughout.
Mains water draining to a Klargester silent running treatment system.
Solar Panels with battery storage
Council Tax band to be determined
'All property images are computer generated'
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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