3 bedroom detached for sale

£400,000 Offers in excess of

3

Bedrooms

2

Bathrooms

Floorplan

FULL DESCRIPTION We are delighted to present this impressive detached house for sale. The property has been neutrally decorated throughout, and boasts two well-proportioned reception rooms, with a useful addition of a conservatory offering a comfortable space for some quiet relaxation. These rooms are versatile and can be adapted to suit your lifestyle, whether you need a formal dining area, a cosy living room, or a dedicated home office.

The property features a large and well-equipped kitchen, with a carefully considered layout and ample storage, including space for a dining table. Upstairs, the sleeping accommodation includes three bedrooms with a master en-suite. Outside there is a generously sized garden, with lots of potential to put your own stamp on it. In addition there is a single garage and driveway parking for 3-4 cars.

This detached house is conveniently located only a 20 minute drive from Exeter, yet in a small village with a strong community feel. Starcross has all the necessary amenities on your doorstep, including a primary school, doctors, local shop, a chemist and pubs. The village even has its own golf course! Starcross enjoys excellent public transport connections, with its own train station and regular buses.



ENTRANCE PORCH Door on left to downstairs WC.

LOUNGE 15 8" x 12 10" (4.78m x 3.92m) Neutrally decorated with log burning stove, door to understairs cupboard and opening onto the dining room.

DINING ROOM 9 10" x 8 1" (3.00m x 2.47m) Door on left opens onto kitchen and double doors lead into conservatory at rear of property.

KITCHEN 15 3" x 10 3" (4.67m x 3.14m) Generously sized, with space for a dining table. Space for a range cooker with large extractor above. Oak effect cabinets with laminate worktop, windows looking into conservatory and a door to rear garden.

CONSERVATORY 15 6" x 8 1" (4.73m x 2.47m) Sun-filled space with plenty of room for seating and large windows looking onto rear garden. Wood panelling to one side and Perspex roof.

GARAGE 16 6" x 7 9" (5.03m x 2.38m)

BEDROOM 1 15 9" x 9 11" (4.82m x 3.03m) Good-sized double bedroom with alcove space and ensuite shower room, with shower, sink and WC. Windows overlooking rear garden.

BEDROOM 2 8 10" x 8 7" (2.71m x 2.62m)

BEDROOM 3 8 7" x 6 6" (2.62m x 2.00m)

REAR GARDEN Private, enclosed rear garden, mainly laid to gravel with a patio for outside dining. Side gate leading out to front driveway.

ANTI MONEY LAUNDERING Should you wish to make an offer on this property we will complete mandatory Anti Money Laundering (AML) checks on behalf of HMRC. We outsource this process to our partners, Coadjute. Coadjute charge a fee for this service of 45+VAT.

REFERRAL FEE DISCLOSURE We recommend sellers and/or potential buyers use the services of The Mortgage Quarter. Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee from them for recommending you to them. You are not under any obligation to use the services and can seek alternative providers of these services.

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

£ 332700

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

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
    £ 10000
  • 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

£ 32700
  • 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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