3 bedroom detached for sale

£400,000 Offers in excess of

3

Bedrooms

Floorplan

DESCRIPTION An immaculately presented three double bedroom detached residence which benefits from spacious light and bright rooms which equals 1,500 sq ft. Nestled in the heart of this popular village this lovely home has a garage and ample parking for at least five cars along with a pleasant rear garden which backs on to open fields. On the ground floor the accommodation comprises, entrance porch, hallway, a superb living room, kitchen with an extensive range of cupboards and an island unit, along from the kitchen is a dining area with a patio door which opens on to the rear garden. Also on the ground floor you will find two double bedrooms, a wet room and a useful laundry room. On the first floor you will find the amazing master bedroom which benefits from an ensuite, wonderful countryside views and a study/work from home area. Other benefits include double glazing and oil fired central heating. An internal viewing is highly recommended to appreciate the overall size and presentation. Available chain free.

LOCATION Summercourt is a wonderful and friendly village located in mid-Cornwall approximately 5 miles from the seaside town of Newquay and 9 miles from Truro which is Cornwalls capital. The village has a primary School, village hall, local inn, Post Office and a convenience store and is on the local bus route. Each year Summercourt hosts a famous chartered fair which is the oldest in Cornwall and reported to be over 800 years old.

ENTRANCE PORCH Shoe storage area, double glazed door to the hall.

ENTRANCE HALL 11 11" x 5 7" (3.63m x 1.7m) Tiled floor, radiator, built in cupboard.

LIVING ROOM 16 9" x 14 11" (5.11m x 4.55m) Decorative fireplace housing a feature electric fire, large double glazed window to the front, radiator and a further electric radiator.

KITCHEN 13 7" x 13 4" (4.14m x 4.06m) A really fabulous kitchen with an extensive range of wall and base units, island unit with stools, inset sink, spaces for an upright fridge/freezer, cooker and dishwasher, extractor fan, two double glazed windows overlooking the rear garden, Tiled floor, opening to the dining area.

DINING AREA 10 1" x 9 10" (3.07m x 3m) Double glazed patio door opening on to the rear garden, radiator, built in cupboard with shelves.

LAUNDRY ROOM 7 9" x 5 5" (2.36m x 1.65m) Two worktops with spaces below for a washing machine and tumble dryer, oil fired boiler.

BEDROOM TWO 12 10" x 9 9" (3.91m x 2.97m) Double glazed doors opening on to the rear garden, radiator.

BEDROOM THREE 10 0" x 9 7" (3.05m x 2.92m) Double glazed window to the front, radiator.

WET ROOM 6 9" x 6 1" (2.06m x 1.85m) Walk in shower with a mains fed shower, non slip flooring, WC, pedestal wash hand basin, radiator, extractor fan, dimplex wall heater, double glazed obscured window.

FIRST FLOOR

MASTER BEDROOM 14 2" x 10 5" (4.32m x 3.18m) Plus walkway from study Double glazed windows with pleasant countryside views, two built in wardrobes, door to the ensuite.

ENSUITE 8 1" x 6 8" (2.46m x 2.03m) Bath with a shower mixer tap, WC, vanity wash hand basin, radiator, mirror fronted wall cabinet, tiled flooring, extractor fan, double glazed obscured window.

STUDY AREA 9 9" x 6 11" (2.97m x 2.11m) Double glazed window with countryside views, radiator, built in cupboard.

REAR GARDEN The rear garden is mainly laid to lawn with a mature hedge and timber fencing bordering, small trees and a area of hard standing suitable for a shed or greenhouse. There is also a patio and gated access to both side of the property leading to the front, outside tap and a power point.

PARKING Gravelled parking to the front of the front of the property for at least five cars, this area is suitable for a mobile home or caravan.

INTEGRAL GARAGE 12 0" x 8 0" (3.66m x 2.44m) A three quarter sized garage suitable for storage or a small car, power and light.

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

%

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
    £ 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.

£

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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