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£795,000 Offers in excess of
Bedrooms
Bathrooms
An early 19th Century barn converted in the 1990s and further extended in 2013. Traditionally constructed of brick and flint with part timber cladding, under a dualled pitch tile roof.
The flexible living accommodation comprises a large kitchen/breakfast room having a south eastern aspect with spiral staircase leading to a bright galleried mezzanine floor currently used as a sewing room. Set off the breakfast area is a utility room with a WC. The original section has a double reception room with vaulted ceilings and exposed timbers, comprising a sitting room and dining area.
A further hallway with pamment floors and overlooking a south facing courtyard garden, leads through to three double bedrooms and a large single bedroom and linen cupboard. Three of the four bedrooms have ample wardrobe cupboards. There is an en-suite to the principal bedroom with exposed flintwork providing an attractive original feature and a separate family bathroom.
The property has under floor heating provided by an air source heat pump and there is a shared new Biodigester sewerage system. The driveway is large enough for off street parking and there is a double garage.
Attractive walled gardens surround three sides of the property.
Map location is not available for this property.
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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