4 bedroom barn conversion for sale

£840,000

4

Bedrooms

DESCRIPTION Grain Store Barn is an exceptional brand-new barn conversion consisting of just four homes hidden away in an exclusive rural location surrounded by stunning Cotswold Area of Outstanding Natural Beauty countryside and yet is just 5-minutes from one of Wiltshires top villages. With far-reaching, uninterrupted countryside views from every angle, the grounds and principal living areas relish further in a south-west aspect and in particular command some outstanding sunsets. An impressive home to be proud of, the barn is superbly designed and well-configured completed to an exceptional high-quality finish boasting air source pump heating and underfloor heating beneath polished concrete flooring. Number 2 has been designed to take full advantage of the setting, views and grounds drawing the eye from every room straight to the breath-taking surrounds. The light and airy four bedroom accommodation is accentuated by high ceilings and large windows combined with a lovely balance of open plan living areas on the ground floor as well as cosy comfortable rooms on the first floor. In addition, the superb specification allows for low running costs benefitting from a high EPC rating B. The property is ready to be moved into and is available chain free.

This idyllic country home is accompanied by a generous amount of external grounds comprising of a formal garden and paddock beyond. The paddock is currently a wonderful wildflower meadow enhancing the picturesque outlook but has the potential for a range of uses from those wanting the good life with orchards and chickens, a family seeking a private secure place for their children to play, or the equestrian requiring a pony paddock. The whole site is secured by shared electric front gates complete with video intercom and each property has further intruder alarm systems. Allocated parking is provided in front of the property.

SITUATION The property is positioned within an idyllic rural setting of the Cotswold Area of Outstanding Natural Beauty. 3 miles to the north is the much sought after village of Sherston with its broad High Street and thriving community offering many facilities, including a church, popular primary school, doctors surgery, Co-op shop and post office, coffee shops, hairdresser, Indian restaurant, garden centre and the highly regarded 16th century Rattlebone Inn, with its excellent food and friendly atmosphere. Some further 3 miles south lies the village of Grittleton with amenities including The Neeld Arms public house, Church, tennis and cricket clubs. The village of Hullavington is also within easy reach with additional amenities. A more comprehensive range of facilities are found at the market towns of Malmesbury, Tetbury and Chippenham which are all within 10 miles. Schooling locally is second to none, with very good state and independent schools including Ofsted rated Outstanding Malmesbury secondary school and Westonbirt prep school. The cultural cities of Bath and Bristol are about 30 minutes by car and for those needing to travel further afield there are frequent inter-city train services at Chippenham with London Paddington just over an hour away. The M4 is 5-10 minutes drive away to Junction 17 and 18 respectively providing access to London, the south and the Midlands. The local area is rich with activities and attractions including Westonbirt Arboretum which hosts music concerts, horse racing at Bath and Cheltenham, golf at Castle Combe, and for the keen equestrian, there is the world famous Badminton Horse Trials and the Beaufort polo and hunt.

TENURE & SERVICES We understand the property is Freehold with air source pump heating, private sewage treatment plant drainage, private water, and mains electricity. There will be a residents service charge of approximately 500-550 p/a contributing to the maintenance of the communal shared aspects. Council Tax Band TBC.

Features
  • Freehold

Nearest Stations:

6.35 miles
Chippenham
10.75 miles
Yate
11.44 miles
Kemble
11.49 miles
Melksham
13.75 miles
Bath Spa

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

£ 695700

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
    £ 21000
  • 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

£ 65700
  • 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

Adjust these figures

  %

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.

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