5 bedroom cottage for sale

£450,000 Guide Price

5

Bedrooms

1

Bathrooms

Floorplan

MODERN METHOD OF AUCTION 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.

NEW TO MARKET Available via the modern method of auction, this charming five bedroom detached cottage, nestled in the picturesque region of Biddulph Moorlands, offers a unique opportunity for both country living and investment potential. Set on a generous plot at approximately one acre (refer to auction pack for accurate measurements), the property boasts a large garden with ample space for outdoor activities or development, complete with a hidden gem, A CAVE, adding an intriguing character to this country retreat. The spacious cottage itself features traditional charm with ample living space, perfect for a growing family. The accommodation includes five well-sized bedrooms, 4 reception rooms, and a welcoming kitchen/diner. In addition to the main plot, there is an additional adjacent plot of land included, providing further development possibilities or space for expansion (subject to planning permissions). To arrange your viewing on this extraordinary home, please call a member of our Sales Team on 01785 244509 or email staffordsales@martinco.com.

FRONT ELEVATION Located at the end of a private county road, this beautiful detached cottage in situated on a large plot that includes a stone brick wall, a private driveway and a well establish front garden with views over the countryside and the plot of land adjacent to the property.

ENTRY 10 2" x 12 1" (3.1m x 3.68m) When entering the property youre greeted with a convenient entrance room with hard wooden flooring, a UPVC double glazed front door, two UPVC double glazed windows allow natural light in, a radiator, a light fitting and two wooden framed single glazed windows looking into the hallway and one of the reception rooms. There is access to the hallway through a wooden, glass panelled door.

HALLWAY 10 2" x 12 1" (3.1m x 3.68m) This welcoming entrance hall offers a number of features including hard wooden flooring, a carpeted staircase to the gallery landing, a wooden banister, wall lights, a ceiling light, a radiator, steps down the the main living area adding additional charm, convenient understairs storage and access to two additional reception rooms, a WC, and the spacious kitchen/dining area.

MAIN LIVING AREA 14 9" x 17 6" (4.5m x 5.33m) This grand living room offer ample space to unwind and relax, featuring hard wooden flooring, a large tradtional fireplace adding to the properties character, two radiators, two ceiling lights, three wall lights, two UPVC double glazed windows allowing natural light in and offering outstanding views over the countryside, and wooden double. single glazed doors allowing access to the rear of the property.

WC 5 9" x 2 10" (1.75m x 0.86m) This purposeful WC features hard wooden flooring, a toilet, hand basin with tiled splashback, a light fitting, a radiator and a wooden, single glazed frosted window.

RECEPTION ROOM ONE 11 10" x 8 0" (3.61m x 2.44m) To the rear of the property is where the first reception room is located, offering hard wooden flooring, a radiator, one ceiling light, two wall lights, a wooden, single glazed window, a wooden, double doors leading to the rear of the property.

KITCHEN/DINER 15 3" x 11 3" (4.65m x 3.43m) This unique, fully equipped kitchen/diner offers a perfect blend of old and new, cream wall and base units, wood effect counter tops, a raised double oven, an electric hob with a black cooker hood, a stainless steels sink with a draining board and stainless steel mixer tap, tiled flooring, spotlights and brick walls in keeping with the character of the property.

RECEPTION ROOM TWO 12 0" x 11 10" (3.66m x 3.61m) The second reception room features a large recessed fireplace with a log burner located within, tiled hearth, fitted carpet, original wooden beams, a UPVC double glazed window with views over the countryside and an additional entrance to the property through a wooden, single glazed door.

RECEPTION ROOM THREE 8 7" x 11 10" (2.62m x 3.61m) The final reception room features hard wooden flooring, a radiator, a light fitting, shelving and a UPVC double glazed window with views of the front, established, garden.

UTILITY ROOMS 5 9" x 10 2" (1.75m x 3.1m) The utility rooms are located next to the kitchen/diner and features tiled flooring, two ceiling lights, cream base units matching those in the kitchen area, a stainless steel sink with chrome taps with a tiles splashback, fuse board a wooden, glass panelled door and a wooden back door allowing access to the rear of the property.

LANDING 10 5" x 12 1" (3.18m x 3.68m) The gallery landing features the original stone wall, wooden beams, wall lights, a UPVC double-glazed window with views of the front elevation and an additional wooden single-glazed window allowing natural light in.

MASTER BEDROOM 14 8" x 11 6" (4.47m x 3.51m) This impressive master bedroom features hard wooden flooring, two UPVC double-glazed windows with exquisite countryside views, a radiator, wall lights, an en-suite and a balcony over-looking the rear established landscape and views of the rockery where the cave is located.

EN-SUITE 9 8" x 5 6" (2.95m x 1.68m) This convenient addition to the master bedroom features a large walk-in shower with tiled walls, a toilet, a hand basin with a tiled splashback, spotlights, a radiator, an extractor fan, a UPVC double glazed frosted window and access to the loft.

BEDROOM TWO 11 11" x 11 10" (3.63m x 3.61m) Bedroom two is located to the front of the property and features hard wooden flooring, a radiator, a light fitting, a radiator, a UPVC double-glazed window and access to the loft.

BEDROOM THREE 12 9" x 8 0" (3.89m x 2.44m) Bedroom three features laminate flooring, a radiator, a light fitting, a large wooden single glazed window and access to the loft.

BEDROOM FOUR 12 9" x 8 0" (3.89m x 2.44m) Bedroom four features laminate flooring, a radiator, a light fitting and a large wooden single glazed window.

BEDROOM FIVE 9 2" x 11 9" (2.79m x 3.58m) The final bedroom features hard wooden flooring, a radiator, a light fitting, a built-in mirrored double wardrobe and a UPVC double-glazed window with views of the front elevation.

FAMILY BATHROOM 8 4" x 11 3" (2.54m x 3.43m) This generously sized family bathroom features tiled walls and floors, a toilet with an inset flush, a hand basin with chrome taps, a raised tiled bathing area with an inset bath that includes an overhead shower, a radiator, spotlights and a double frosted single-glazed window.

REAR ELEVATION To the rear of the cottage, there is a patioed area with a large outbuilding that use to house livestock. Additionally, there is ample of outdoor space with outstanding views and plenty of foliage, ideal for outdoor activities. This property is situated on a large plot which allows access to popular natural trails. Within the grounds, there is a cave located to the rear with a gated entrance.

LAND ADJACENT Located opposite the property, there is a plot of land included in the sale that measures approximately one third of an acre (please refer to the auction pack for accurate measurements)

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

£ 373950

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
    £ 11250
  • 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

£ 36450
  • 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

Adjust these figures

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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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