4 bedroom detached for sale

£400,000 Guide Price

4

Bedrooms

3

Bathrooms

Floorplan

SUMMARY '''This substantial four-bedroom detached house presents a rare and exciting opportunity for discerning buyers seeking a project with immense potential. Nestled in a sought-after location, this property boasts breathtaking views of the rolling hills and dramatic tors of Dartmoor National Park, providing a truly idyllic backdrop'''

LOCATION Shaugh Prior provides a tranquil escape from the hustle and bustle of modern life, surrounded by rolling hills, ancient woodlands, and the rugged beauty of Dartmoor. Its a haven for outdoor enthusiasts, with numerous walking trails and bridle paths crisscrossing the surrounding countryside, offering opportunities for hiking, horse riding, and exploring the stunning natural landscape. The villages proximity to Dartmoor makes it an ideal base for those seeking to discover the moors dramatic tors, hidden valleys, and ancient monuments.

Despite its peaceful setting, Shaugh Prior benefits from a welcoming and active community, with local events and activities throughout the year. The village pub serves as a central hub, providing a place for locals and visitors to gather and enjoy traditional fare. While Shaugh Prior retains its rural charm, its also conveniently located within reach of larger towns and amenities, offering a balance between rural tranquility and accessibility. Its a place where you can enjoy the peace and quiet of the countryside while still being connected to the wider world. Shaugh Prior offers a unique blend of history, natural beauty, and community spirit, making it a truly special place to live or visit

DESCRIPTION The generous plot offers ample space and scope for further development, subject to necessary planning consents, and the property is offered to the market with no onward chain, simplifying the purchasing process and allowing for a swift completion. This family home is ripe for transformation, offering a blank canvas for those looking to create their dream residence.

Internally, the spacious and versatile accommodation is arranged over two floors and currently comprises three reception rooms, including a large living room perfect for family gatherings and a separate dining area ideal for formal occasions, and a further reception room which could be utilised as a study, playroom, or snug. These flexible spaces provide ample room for entertaining and comfortable family living. A unique and highly desirable feature of this property is the presence of two kitchens, lending itself perfectly to the creation of a self-contained annexe within the existing footprint of the house, should the buyer wish. This could be ideal for multi-generational living, accommodating elderly relatives, or providing a separate living space for young adults. Three bathrooms serve the four well-proportioned bedrooms, ensuring convenience and privacy for all occupants. While the property requires cosmetic refurbishment, this provides a fantastic opportunity for the new owner to personalise the interior to their own tastes and specifications, realising their vision and creating a bespoke living space tailored to their individual needs. The potential to easily convert the ground floor to incorporate an integrated annexe, maximizing the existing layout, adds further value and flexibility to this already impressive and unique property.

Externally, a double garage provides secure parking for two vehicles, supplemented by a substantial workshop - ideal for hobbyists, DIY enthusiasts, or those working from home. Ample off-street parking for multiple vehicles on the private driveway caters for family and guests, ensuring convenience and ease of access. A private balcony accessed directly from the sitting room provides a tranquil space to relax and soak in the stunning, uninterrupted Dartmoor views, further enhancing the appeal of this exceptional property. The surrounding gardens offer further scope for landscaping and creating an outdoor oasis.

This property is ideally located for those seeking a peaceful and rural retreat while remaining within easy reach of local amenities, schools, and transport links. The stunning Dartmoor National Park is right on your doorstep, offering a wealth of outdoor activities, including hiking, horse riding, cycling, and fishing, providing an enviable lifestyle for nature lovers and outdoor enthusiasts. Local villages and towns offer a range of shops, pubs, and restaurants, catering for everyday needs.

VIEWINGS Interested applicants should call Martin & Co (Plymouth) today on in order to arrange their viewing appointment.

NOTICE TO APPLICANTS We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We routinely refer potential purchasers to Simply conveyancing. It is your decision whether you choose to deal with Simply Conveyancing. In making that decision, you should know that we receive an annual payments benefits, equating to approximately 200 per referral.

AUCTIONEERS COMMENTS Auctioneers Comments:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the 'Reservation Period'). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay 349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of 6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than 450.00. These services are optional.

Features
  • Freehold

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

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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
    £ 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.

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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.

£

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
    £

    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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