2 bedroom barn conversion for sale

£595,000 OIRO

2

Bedrooms

Floorplan

An outstanding, Cavernous, Individual, majestic, family home, set behind electric gates on a fabulous sized plot and nestled away in the extremely well sought after and leafy suburb of Hale, close to great local amenities, road links, good schools and close to the Airport. This beautiful cavernous home has everything you could want, Inviting and grandiose hallway, spacious reception room, with views over the beautiful sunny garden, great sized kitchen diner, sweeping staircase to the galleried landing where there are two very spacious bedrooms, one with en-suite, ( though very easy to make a further third double bedroom with very little disturbance at all) and a further good sized family bathroom. There is a private driveway offering ample off road parking plus a canopy setting for covered parking and a well maintained private extensive garden with a number of relaxing terraced areas.
All measurements are approximate and cannot be relied upon for any future purpose and no liability is taken for any errors.
EPC- C
COUNCIL TAX BAND-E
FREEHOLD PROPERTY

HALLWAY 13 4" x 17 4" (4.078m x 5.294m) Entered through the stylish glass and wood doorway setting the style throughout this outstanding family home starts in the open and light filled welcoming hallway, which screams style and individuality with its fully tiled flooring, stunning central staircase leading to the upstairs gallery. There are doors to all downstairs rooms matching the wood and glass style throughout this wonderful home, alarm panel, power points and two beautiful cast iron radiators keeping in character with the home.

LOUNGE 20 11" x 15 5" (6.400m x 4.714m) A beautiful light and airy reception room having a feature fireplace with an Oakwood surround with marble hearth and back, with radiators, power points and two double glazed windows with views over the garden and double glazed patio doors leading to a lawned terrace, and all delivering an abundance of natural light.

KITCHEN/DINER This spacious contemporary kitchen/diner has a range of matching wall and base units with worktop over, ceramic double sink and drainer inset to worktop with a triple double glazed window above offering views over one of the terraced areas and garden, space for feature Range Master Cooker, integrated dishwasher, space and plumbing for fridge freezer, tiled flooring and lights inset to ceiling.
Dining area, is also a great size and flows from the kitchen, with chandelier light fitting, tiled flooring followed through from the kitchen, double glazed window and a wood and glass door leading back into the inviting hallway and in keeping with the style throughout the home.


UTILITY ROOM 6 5" x 4 6" (1.971m x 1.394m) Having tiled flooring matching the hallway, power points, plumbing and space for washing machine and dryer and housing the Worcester Boiler.

W.C 6 3" x 4 2" (1.927m x 1.272m) Having a low flush WC, vanity sink set in a vanity unit, towel radiator and fully tiled walls and floor.

GALLERIED LANDING 13 3" x 21 5" (4.061m x 6.538m) A stunning cavernous galleried landing with open original beams and arched double glazed windows at either end, one which has views over the sunny garden and terraces with two beautiful cast iron radiators and wall lights. The landing splits off offering access to the bedrooms and bathroom, though there maybe a way to incorporate a third bedroom with some alterations (and off course seeking if planning permission is needed)

MASTER BEDROOM 14 1" x 13 4" (4.305m x 4.066m) A charming and spacious master bedroom with a pretty beamed ceiling, power points, double panel radiator, a triple double glazed window, along with a further double glazed, tall, window offering an abundance of natural light and spectacular views of the surrounding garden, there is also access to the en suite.

ENSUITE 7 6" x 11 10" (2.309m x 3.620m) An oversized ensuite with low flush WC, his and hers vanity sinks set in vanity unit with styled mixer taps over, spacious walk in shower with waterfall shower over, double glazed frosted glass window, Victorian style towel radiator and dressing area with floor to ceiling wardrobes.

BEDROOM TWO 14 0" x 12 10" (4.281m x 3.930m) Another fabulous sized double bedroom with again pretty beamed ceiling, power points, double panel radiator and triple double glazed window overlooking the terrace and garden.

BATHROOM 13 11" x 7 9" (4.254m x 2.384m) Another spacious bathroom comprising low flush WC, his and hers vanity sinks set in vanity unit with styled mixer taps over, Jacuzzi bath and waterfall shower over and glass shower screen, Victorian style towel radiator, door to cupboard housing the Mega Flo water tank, fully tiled walls and there is a double glazed frosted glass window making this a light and airy bathroom.

OUTSIDE The property is approached via double electric gates, then to a paved driveway leading to ample parking, there is also a canopied area for under cover parking, it is bordered by fencing and flanked by an extensive and spacious garden with a selection of well established trees, shrubs and plants and mainly laid to lawn for ease of maintenance with a number of terraced areas and a pretty decking area from where you can enjoy those long hot summer days with family and friends.


ADDITIONAL INFORMATION Located on a coalfield-No
Mobile coverage- Limited
Flood risk status- High risk of flooding

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £2,573.18

Total Interest: £331,344.03

Overall Total: £926,344.03

Amortization For Monthly Payment: £2,573.18 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£18,864.82 £12,013.31 £582,986.69 
2026£18,474.71 £12,403.43 £570,583.26 
2027£18,071.92 £12,806.21 £557,777.05 
2028£17,656.06 £13,222.07 £544,554.98 
2029£17,226.69 £13,651.44 £530,903.53 
2030£16,783.38 £14,094.75 £516,808.78 
2031£16,325.68 £14,552.46 £502,256.33 
2032£15,853.11 £15,025.03 £487,231.30 
2033£15,365.19 £15,512.94 £471,718.36 
2034£14,861.43 £16,016.70 £455,701.65 
2035£14,341.31 £16,536.82 £439,164.83 
2036£13,804.30 £17,073.83 £422,091.00 
2037£13,249.86 £17,628.28 £404,462.72 
2038£12,677.40 £18,200.73 £386,261.99 
2039£12,086.36 £18,791.77 £367,470.22 
2040£11,476.13 £19,402.01 £348,068.21 
2041£10,846.07 £20,032.06 £328,036.15 
2042£10,195.56 £20,682.57 £307,353.58 
2043£9,523.93 £21,354.21 £285,999.37 
2044£8,830.48 £22,047.65 £263,951.72 
2045£8,114.51 £22,763.62 £241,188.10 
2046£7,375.30 £23,502.83 £217,685.26 
2047£6,612.08 £24,266.05 £193,419.21 
2048£5,824.08 £25,054.06 £168,365.15 
2049£5,010.48 £25,867.65 £142,497.50 
2050£4,170.47 £26,707.67 £115,789.83 
2051£3,303.18 £27,574.96 £88,214.87 
2052£2,407.72 £28,470.41 £59,744.46 
2053£1,483.18 £29,394.95 £30,349.51 
2054£528.63 £30,349.51 £0.00 

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

£ 481,075

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 32,447

Cumulative Rental Profit

£ 324,468

Cost of Purchase

£ 34,825
  • Stamp Duty
    £ 17,250

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 14,875
  • 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

£ 38,953
  • Mortgage Interest
    £ 21,648

    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)
    £ 9,425
  • Letting Fee
    £ 240
  • Maintenance
    £ 7,140
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 663,836
  • Final Equity Profit
    £ 339,367

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

  • Cumulative Rental Profit
    £ 324,468

    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

£ 969,192

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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