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£349,950 Guide Price
Bedrooms
Bathrooms
Situated in a Cul-De-Sac within this sought after East Devon village and offered for sale with NO ONWARD CHAIN is this 3 bedroom, end of terrace house with an enclosed rear garden and a garage. This uPVC double glazed and electrically heated property comprises, on the ground floor, of cloakroom, dual aspect living / dining room and kitchen. On the first floor are the 3 bedrooms (all gaining rural views) and bathroom. There are front and rear gardens with the garage located to the side of the property
Location
Well known for its beautifully thatched roofs and quaint cob and brick cottages, Otterton is sheltered by the idyllic Otter valley. It boasts one of the oldest working Water Mills in the country and a mostly Victorian built church with a distinctive tower. The shingle beach at Ladram Bay is used by locals and tourists for leisure purposes as it is a holiday resort. The Kings Arms is well placed in the centre of the village and Otterton Mill is now a famous restaurant with Artisans` workshops and an Art Gallery.
Accommodation
Ground Floor
Step up to uPVC double glazed front entrance door, beneath storm porch, leading to:
Cloakroom
Obscure uPVC double glazed window to front. White suite comprising low - level WC and wall mounted wash hand basin. High level electric trip switch fuse box.
Living / Dining Room - 2410' (7.57m) x 1211' (3.94m) Max
Dual aspect having uPVC double glazed windows to front and rear. Focal point of fitted log burner within a fireplace surround, having a slate hearth, tiled back and a wooden mantle. Night storage radiator.
Kitchen - 99' (2.97m) x 96' (2.9m)
uPVC double glazed external door to rear leading to rear garden with uPVC double glazed window adjacent. Cupboard and drawer storage units with roll edged work surfaces and ceramic tiled splashback`s. Stainless steel one and a half bowl sink with single drainer unit and mixer tap. Built - in 4 ring electric hob with electric oven below and filter hood above. Space and plumbing for washing machine. The freestanding fridge / freezer in situ is included in the sale.
First Floor
Landing
Access to insulated loft space. Doors leading to:
Bedroom 1 - 130' (3.96m) x 111' (3.38m) Plus Recess
uPVC double glazed window to front gaining views of surrounding Countryside. Built - in double and single wardrobes with hanging rails. Night storage radiator.
Bedroom 2 - 130' (3.96m) x 118' (3.56m)
uPVC double glazed window to rear gaining Countryside views. Night storage radiator.
Bedroom 3 - 80' (2.44m) Plus Recess x 70' (2.13m)
uPVC double glazed window to front gaining Countryside views. Airing cupboard housing the hot water tank with slatted shelving.
Bathroom
uPVC double glazed window to rear gaining Countryside views. White suite comprising panelled bath with electric shower unit over and tiling to ceiling height, low level WC and pedestal wash hand basin. Heated towel rail.
Externally
There is an enclosed Front Garden which is laid mainly to lawn, with a pathway leading to the front entrance door, with timber fenced boundaries. Outside water tap. Outside electric meter box.
Garage - 177' (5.36m) x 86' (2.59m)
Up and over door to front.
Rear Garden
Steps lead down from the kitchen door to the level and enclosed Rear Garden which is laid to patio and lawn with a raised shrub bed border. Outside water tap. Outside lighting. Side pedestrian access via timber garden gate that also gives access to the garage.
Tenure
The property is FREEHOLD
Services
All mains services are connected. The property is on a water meter. Council Tax Band D
Mortgage Assistance
We are pleased to recommend Meredith Morgan Taylor, who would be pleased to help no matter which estate agent you finally buy through. For a free initial chat please contact us on to arrange an appointment
Your home may be repossessed if you do not keep up repayments on your mortgage
Meredith Morgan Taylor Ltd is an appointed representative of The Openwork Partnership, a trading style of Openwork Ltd which is authorised and regulated by the Financial Conduct Authority (FCA).
Agents Note
These are draft particulars and are awaiting vendors verification
Directions
From Exmouth Town Centre, leave Exmouth along Salterton Road, following the signs for Budleigh Salterton. Before reaching Budleigh Salterton, turn left into and through Knowle, towards East Budleigh. Turn left, through East Budleigh towards Bicton, then turn right signposted Otterton. Proceed through the village, past the Kings Arms, turning right towards Ladram Bay, but immediately right into Lea Road. Turn right again into Isaac Close where the property will be clearly identified by our For Sale sign.
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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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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