19 bedroom detached for sale

£1,350,000 Guide Price

19

Bedrooms

11

Bathrooms

Floorplan

PROPERTY
A superb lifestyle opportunity or investment, this property has 10 letting units, owners accommodation, Leisure buildings including swimming pool and 5.5 acres of grounds.

The property also benefits from planning permission to create a new three bedroom managers house within the grounds and add two shepherds huts for additional holiday let use (PA22-07246).

Having been converted some years ago and recently updated and modernised throughout, these former stone farm buildings have been developed into a well respected and reviewed holiday business.

The two storey barn contains seven one and two bedroom apartments which can accommodate 30 (in total) in seven units. Additionally, an adjoining single storey building has two further one bedroom units. There is also a detached three bedroom cottage within the courtyard.

Set away from these buildings overlooking a paddock and farmland beyond, a two storey two bedroom detached house is suitable for owners accommodation.

Additionally a large building houses an indoor swimming pool (heated with Air Source heating, and is self-dosing allowing ease of maintenance), a hot tub, sauna and changing rooms. This building and the old barns surround an attractive lawned garden which is made available to guests for alfresco dining.There is also a laundry room (with extant planning permission for conversion) and a games room.

The site has plenty of parking for all guests. To the north of the site there are two large paddocks totalling approximately 3.7 acres with a shed and an open fronted barn.

The south paddock of approximately 1.3 acres is home to the 'Foxes Den' which has previously been used as owners accommodation. This paddock now also benefits from extant planning permission (PA22-07246 & PA25-06754) for the creation of a new, south facing, three bedroom, two storey owners accommodation as well as creating sites to place two shepherds hut to further improve income streams.

For those looking for an income producing, lifestyle property set within picturesque grounds in one of the prettiest parts of the country, this property is not to be missed.

Planning documents are available through the agent, or on Cornwall Councils planning portal. Summary accounts would be made available following a viewing for interested parties.

SURROUNDING AREA
Fox Valley is situated just outside the hamlet of Trenewan which is only 1km (0.6miles) from the south Cornish Coast. The property is surrounded by farmland which creates a peaceful setting. There are several quiet coves and beaches close by, and the coast path is popular with walkers.
To the East is the fishing town of Looe (approx. 7 miles) which offers a wide range of shops, amenities, and schools. The charming and historic fishing village of Polperro is close by (approx. 4 miles) To the West, the nearby town of Fowey is approximately 5 miles away and is favoured by many due to its unspoilt beauty and range of shops & restaurants. The town also favours sailing enthusiasts with its deep-water harbour and affords access to the beautiful South Coast.

ADDITIONAL INFORMATION
The properties have modern electric (quantum storage heaters). Two of the one bedroom units use Air Source heating.
The swimming pool is also heated with Air Source Heating.
There is a borehole as well as mains water and drainage it to a septic tank.
The holiday properties cant be used as a main residence, but there are no time limits to their occupation. The Foxes Den has no usage restrictions whatsoever.
The barns arent listed, however the neighbouring house and outbuildings are Grade II listed (outside the ownership).
There are no tree preservation orders or public rights of way. The neighbouring house and farm share the use of the driveway.

Map location is not available for this property.

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

£
£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1125200

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
    £ 33750
  • 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

£ 112700
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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

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  • 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

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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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