5 bedroom detached for sale

£1,450,000

5

Bedrooms

DESCRIPTION Positioned on the banks of the River Avon within a picturesque rural setting on the edge of desirable village of Lower Seagry, The Mill Cottage is a fascinating detached former Mill Keepers home set within 3.16 acres of beautiful gardens with a mill stream, paddocks and a tennis court. The elegantly presented cottage plus its grounds are very charming and quintessentially English. The whole could easily depict a setting for a romantic novel.

The cottage offers well-proportioned accommodation over three floors extending to 3,253 sq.ft and whilst well presented, offers great scope for further improvements, updating and extension (subject to planning). The ground floor has an excellent layout including two sitting rooms, kitchen/breakfast room, formal dining room and a large garden room featuring a magnificent fig tree. In addition, there is also a boot room, utility room and a downstairs cloakroom. The three reception rooms all feature stone carved fireplaces. Upstairs and on the first floor, there are four bedrooms and three bathrooms. The main bedroom is arranged as a principal suite with an adjoining dressing room and bathroom. The main bedroom also has the benefit of a balcony overlooking the private grounds. On the top floor there is a further attic bedroom with exposed beams.

The cottage is hidden down a long driveway which serves only one other property. A gravelled driveway provides ample private parking and a turning circle, whilst there a range of outbuildings including a garage, store and former kennels. The grounds are predominately arranged to the rear of the property and across the mill stream accessed by a footbridge. The formal gardens have been meticulously well-looked after with lawns, hedging and vibrant borders. The full-sized tennis court is positioned beside one of the paddocks and a small copse. Across the steam, there is a further paddock which borders the River Avon. The property has the benefit of Riparian Rights on the river. There are many footpaths leading through the surrounding countryside to explore straight from the doorstep.

SITUATION The property is located on the rural edge of Lower Seagry, about 5 miles south of Malmesbury and approximately 3 miles north-east of the M4 (Junction 17). Along with the neighbouring village of Upper Seagry, the two adjoining villages have a good number of amenities, including a sought after primary school, a good local public house with good food, a cricket club and village hall. Nearby Great Somerford also has a primary school, pub and village shop. Malmesbury has wide range of amenities and excellent schools plus a Waitrose whilst the major town of Chippenham offers comprehensive facilities plus has a main line rail station with regular fast trains to London (Paddington). Both Malmesbury and Chippenham offer an excellent choice of secondary schooling. The cultural cities of Bath and Bristol are easily commutable as is Swindon.

TENURE & SERVICES We understand the property is Freehold with oil fired central heating, private drainage, mains water and electricity. No onward chain. Council Tax Band G

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

£ 1212700

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
    £ 36250
  • 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

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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

£ 125200
  • 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)
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  • Letting Fee
    £
  • Maintenance
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  • 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.

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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
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    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.

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