3 bedroom end of terrace for sale

£525,000 Offers over

3

Bedrooms

Floorplan

THE PROPERTY Mary Cottage is a beautiful character cottage set within the attractive hamlet of Northbook, which sits within the village of Micheldever. Whilst the exact age isnt quite known, it is believed to date from the mid 19th century, and unlike many properties in the vicinity, it is usefully not Listed.

The front porch is located to the side of the property and provides valuable space for boots and shoes and coats, before opening into the sitting room. This is a cosy room with good head height and exposed beams, reclaimed antique floorboards and a deep inglenook fireplace with a wood burning stove.

The sitting room leads into the open-plan kitchen breakfast room which features a range of above and below counter cabinetry. Modern polished concrete floors contrast effectively with the wood flooring and old beams to create an attractive and functional space.

From the kitchen is the modern oak-framed family room, with tiled floors and in-built wooden shelving and storage. This room offers flexibility to be used as a formal dining room, snug, or garden room with double doors opening onto the terrace.

Upstairs there are two double bedrooms, each with fitted cupboards, and a charming contemporary family bathroom, featuring a free-standing bath and separate walk in shower cubicle. From the landing a space-saver staircase leads up to the useful loft space with pretty triangular window to the garden and low ceiling heights. Whilst our clients currently use this as a further bedroom, it should be noted that it is not designed as such, has limited space and head height, and there are no formal building regulations for this.

GARDENS AND PARKING:
A gravelled parking area to the front and side of the cottage gives gated access to a paved terrace, ideal for summer entertainment and relaxing. From here, steps lead up to a long garden, mainly laid to lawn with mature trees and flowering shrubs.

The rear of the garden backs onto open fields, where there is a recently renovated studio/home office building with a charming vintage woodburning stove. This studio would be ideal for home crafts or those working from home, and benefits from power and light, a shower room and kitchen area. Adjoining the studio is a garden store currently also used as a laundry room, with space and plumbing for a washing machine and tumble dryer.

THE PROPERTY:
Construction: Whilst we are not surveyors and a formal survey if carried out can confirm, we understand the property to be of traditional construction methods from the 19th Century with extensions added in 1997 and 2001. There is a mixture of thatch and slate roofing, walls are believed to be of brick and timber-frame construction, and the windows are believed to have wooden frames.

SERVICES:
The property has oil-fired central heating; private septic tank waste system; mains water and electricity.
Local Authority - Winchester City Council
Council Tax Band E; EPC Band D

Broadband availability: Standard 18 Mbps and Superfast 80 Mbps (data from OFCOM Broadband checker)

LOCATION:
Mary Cottage can be found in the Northbrook area of Micheldever village and is on Church St, which leads into the village centre, just a short distance from the village store, Micheldever CofE Primary School, St Marys Church (which boasts origins dating from both the c13th and c16th!), with a further walk to the Half Moon and Spread Eagle, the local pub.

Micheldever village is 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, St Marys Church Primary School, and other facilities.

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.

USEFUL WEBSITES:

https://stmarysmicheldever.co.uk/ St Marys Church (village church)
https://www.micheldever.hants.sch.uk/ Micheldever Primary School
https://nichelocal.co.uk/services/Micheldever-/Convenience-Store/Micheldever-Village-Store.html (Micheldever Village Shop)
https://www.halfmoonandspreadeagle.co.uk/ (local pub!)
https://www.micheldevervillages.org/villagefacilities Micheldever Village website
https://grattonsurgery.nhs.uk/ (local GP practice)
https://www.nationalrail.co.uk/stations/micheldever/ (Railway Station)
https://checker.ofcom.org.uk/en-gb/broadband-coverage (Ofcom Broadband checker)

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

£ 435825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 13125
  • 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

£ 42075
  • 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

  %
  %
£
  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message