2 bedroom detached for sale

£530,000

2

Bedrooms

2

Bathrooms

Floorplan

An amazing extensively extended and renovated detached cottage.

If you are looking for a turnkey property in a Village setting, then this may be the property for you, simply outstanding.

Located within a short walk, to the picturesque village of Norton St Phillip. Approximately five and half miles to the South of Bath and five miles from Frome and the Mendip Hills, with a rich history dating back to the Doomsday book.

If you fancy a stroll into the village there are two very well-known public houses one of which is the George in which dates back over 700 years with its lovely beer garden overlooking the village green, the church and the surrounding countryside and one of the many attractions to living in this area, is the travel connections to the nearby towns and Bath City Centre

There are also good local amenities which include a Co-op convenance store with a sub post office, a primary school and even a local garage for all your motoring needs, a local farm shop and a village hall which is a hub for local events.

Property overview

This amazing property has had no expense spared by the current owners, during a substantial renovation and has been completed to a very high standard, whilst retaining many of its original features, combined with modern and contemporary living.

As you enter the property into the sitting room there are two front aspect windows allowing for lots of natural light. The rear wall is stoned and there is a stone fireplace which has space for a decent sized wood burner. There are stairs to the first-floor landing and underfloor heating. To the left of the sitting room is the kitchen / dining room which has an amazing modern feel leading through to a very nice private courtyard.

The Kitchen/ dining room is modern, clean lines and well laid out providing a good space, with good appliances, again is aided by double-glazed windows, as you can see from the photos allowing for lots of light. There is the added advantage of a well-placed double glazed Velux skylight, space for a good-sized dining table along with a further seating area and underfloor heating. There are Bi folding doors leading out to the courtyard and rear of the property.

The courtyard is a great entertaining space and is a nice chill zone if you want to relax outside. The courtyard there is also a studio / home office which could be used for several different uses depending on your own requirements with full power, lighting, and double-glazed sky light. This has been well designed as sinks into the garden and looking back towards the property its looks like its part of the garden creates a subterranean effect.

To the right of sitting room there is a boot room / utility area which has direct access to the side of the property through a stable door where there is ample off-road parking. There is a front aspect double glazed window, space for a desk, floor standing and wall mounted storage cupboards. There are laminated work top surfaces and space for a washing machine and tumble dryer along with a downstairs WC all with under floor heating.

The upstairs transformation and renovation is equal to the downstairs and has been tastefully finished. Going up the banistered staircase there is a large landing area with a double-glazed rear aspect window overlooking the fields to the rear of the cottage, a radiator and carpet covered flooring.

To the right of the landing is the family bathroom which is tastefully decorated with a rear aspect double glazed window. There is a freestanding bath and separate shower cubicle with tiled walls, a vanity sink unit with drawers under, low level WC and wall light points, tiled floor, and wooden beamed ceiling.

To the right of the bathroom steps lead you down to bedroom 1 which has front and side aspect double glazed windows, space for wardrobes, a radiator and carpet covered flooring. At the opposite end of the property is bedroom 2 which has a front aspect double glazed widow, an ornamental fireplace, radiator, and carpet covered flooring.

Outside Front

This cottage is set on a very big plot on two sides. To the right-hand side there is a large gravelled which is used for off road parking for multiple cars and electric car charging. There is a lawned area all fully enclosed by stone walls, large hedges, bushes, and assorted foliage.

Outside rear.

From the courtyard there are steps leading up to the first part of the garden which is lawned with mature trees, shrubbery and all fully enclosed by well-trimmed bushes backing into open fields and the open countryside. There is a raised decking area with a sturdy wooden, large garden shed and personal side access from the front garden.

As if what you have is not enough from the rear garden then is a gate which takes you through to another piece of land owned by this property with access a little further along the road which could be used for further off-road parking or multiple uses depending on your needs.

AGENTS NOTES

Owners position - This property is being sold with no onward chain.
Tenure - Freehold

EPC C
Current 69 C
Potential 80 C
Valid until 6th October 2035

Local authority Somerset County Council / Council Tax Band C

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.

Map location is not available for this property.

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

£ 439950

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
    £ 13250
  • 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

£ 42450
  • 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.

Notes

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