6 bedroom barn conversion for sale

£2,500,000 Guide Price

6

Bedrooms

5

Bathrooms

Floorplan

An exceptional example of what is believed to be
a former 18th Century Threshing Barn (not listed).
Situated in an enviable location within 4 acres (TBV) of gardens and grounds, with magnificent and uninterrupted downland views and direct access on the Ashdown Forest.

The barn has been beautifully converted boasting
architectural features synonymous with these
increasingly rarely available Sussex barns including an array of antique exposed beams and timbers, handcrafted oak doors, exposed stone walls, Cornish stone and oak floors and exposed floorboards.

Of note is the double-weighted drawing room with a vaulted ceiling which beautifully showcases the exposed beams. There is a snug area with an Inglenook fireplace with a Bressumer beam and galleried mezzanine floor above. The flexible accommodation is accessed from the reception hall and includes a ground floor bedroom, shower room with an antique stained glass window and a utility room with access to the courtyard.

A reclaimed oak staircase descends to the stunning kitchen/dining room flooded with natural light and offering views of lush greenery, seasonal native flowers and mature trees. . The design features a striking combination of raw wooden cabinetry and sleek stainless-steel appliances, including professional grade Wolf range cooker, double ovens, fridge drawers and freezer. The concrete countertops and wide reclaimed wooden floorboards, walk in pantry and limestone plaster walls all enhance the organic feel, creating a warm and inviting atmosphere. The built in seating area has French doors opening out to the rear garden.

The vaulted mezzanine floor is currently used
as a library/study area and offers a bespoke
range of fitted shelving. The impressive principal
bedroom offers a full-height pitched ceiling, fitted
oak wardrobes, a separate dressing room and an
en suite bathroom. Modern features include double glazing, crystal sinks and under floor heating throughout.

The self contained one-bedroom cottage/
annexe on the ground floor offers ancillary
accommodation, the potential for holiday lets or to be re-integrated as part of the whole, subject to PP.

A further substantial detached barn serves as
an open plan office, workshop, store with a mini
kitchen and bathroom. This has power and lighting and is considered to offer potential for further independent accommodation subject to PP.

Externally the shingle driveway offers ample offroad parking. The formal garden is largely laid to lawn with large native planted beds and borders, and delightful views are enjoyed from a number of seated areas, positioned around. There is a 3 bay lime plastered connected kitchen outbuilding currently used an additional pantry and store rooms.

There is a substantial stone terrace providing
wonderful outdoor entertaining space and benefits from the fine views and abundant wildlife.

Additional outside features include two substantial kitchen gardens grown to organic standards and have been securely fenced and provide an abundance of fruit and vegetables, elegant greenhouses, a traditional eco roundhouse built into banks of the lawn and a hand built tree house.

A further paddock slopes down the valley with
a stream running down on the far side and then
across the land at the bottom, almost bordering the boundary. The stream runs dry in the summer but there are four well stocked and spring fed fishponds in this area. The beautiful gardens and grounds offer excellent privacy and total approx 4 acres.

The property features an electric estate gate and estate fencing to the growing areas.

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

£
£
£
£

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

Mortgage Required

£ 2151450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 62500
  • 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

£ 276450
  • 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.

£

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.

Total Profit

£
  • 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

£

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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