4 bedroom cottage for sale

£975,000 Guide Price

4

Bedrooms

Floorplan

THE PROPERTY A wonderfully modernised, characterful Grade II Listed village house in the charming, highly sought-after village of Micheldever.

The Old Post Office is a substantial family home with history dating from the late Tudor times in 16th century across into the late 1700s. It was created from three village houses, and packed with original features, such as carved beams and Inglenook fireplaces, yet remains a practical home for comfortable modern family living, with flexible accommodation spaces both upstairs and downstairs.

Parts of the property are believed to be among the oldest in the village and given the height of the ceilings at the front of the house, may have been an old Hall and is likely constructed over an even older structure. Various Saxon finds and structures have been found by archaeologists in the immediate area.

The main entrance is found to the side of the main house, via a short path, and opens onto the principal reception hall with fireplace containing a wood-burning stove and original clay paved flooring. Most of the main reception rooms can be reached from here. To the right is a snug family room which in turn opens on the kitchen.

The spacious kitchen/breakfast room is clearly the hub of the home and is flooded with light courtesy of large walls of windows overlooking the garden. It benefits from a wealth of cream coloured shaker style cabinetry, with space and plumbing for a dishwasher, and features an oil-fired Aga with two ovens and two hot plates. From here, the gardens may be accessed via French windows or separate doorway under a pretty porch. A separate utility room provides useful space for both laundry and further storage.

Further reception rooms include the formal drawing room with exposed beams and a wonderful inglenook fireplace featuring an original bread oven; a sitting room with woodburning stove, study and music room.

Upstairs there are four double bedrooms, two of which benefit from ensuite shower room. There is an additional contemporary family bathroom downstairs with a freestanding roll top bath and separate walk in shower. Unusually for many thatched cottages the Old Post Office has good head heights upstairs, and all rooms can be accessed without the need to pass through an adjoining bedroom.

In addition, the current owners have added a useful contemporary garden office, with power, light and electric heating.

GARDENS: Set in almost a 0.25 acre plot, the Old Post Office has a traditional village cottage garden with a sizeable lawn, perfect for play and entertainment, mature fruit and specimen trees and flower beds, many of which host delightful displays of roses and other flowering shrubs and plants in season. There is a contemporary garden office, a sunny terrace as well as raised vegetable beds, useful for those keen to grow their own. While set in the middle of a popular and busy village the gardens at the Old Post Office remain a secluded and charming retreat.

PARKING: A single garage, separate from the property is accessible via a footpath from the rear garden, and provides a covered parking space if required. Additionally, there is unrestricted on street parking is available on Church Street to the front of the property.

THE PROPERTY:

Construction: We believe the property to be of traditional construction methods from 16th century, 17th Century and 20th Century, with a mixture of thatch, clay tile and contemporary flat roofing. Walls are timber-frame with colour washed brick and some plaster infill.

SERVICES: Oil-fired central heating; private drainage; mains water and electricity
EPC Band E (please note the Old Post Office is a Grade II Listed building and a number of the improvements recommended in the standard EPC are either not suitable, nor feasible due to its age and Listed status.
Local Authority - Winchester City Council, Council Tax Band F

LOCATION: Micheldever village believed to be of early mediaeval origins with a range of quaint and attractive streets lined with traditional village houses, both large and small. An interesting historical note is that the first private car journey in the UK, in 1895, is believed to have originated in this area. The village is an active and social community and enjoys a Village Shop, Public House, Village Hall, Church and other facilities. The Old Post Office is located within the Micheldever Conservation Area.

Part of the popularity of Micheldever village is its proximity to Micheldever Station, which provides a regular train service to London Waterloo. Further rail links are available at Winchester City station, Basingstoke and Alton. Road connections are excellent with easy access to the M3, M27, A34, A33 and A303.

SCHOOLING: Local catchment schools are Micheldever C of E Primary School, Henry Beaufort School, and the highly regarded Peter Symonds Sixth Form College. Nearby independent schools include Winchester College, St Swithuns, King Edward VI, and preparatory schools such as The Pilgrims School, Twyford School and Princes Mead.


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

£ 797075

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
    £ 24375
  • 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

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£

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

£ 65825
  • 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
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  • 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.

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

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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