3 bedroom semi-detached for sale

£525,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

OVERVIEW
Tucked within the Sussex countryside this traditional three-bedroom semi-detached farmhouse offers the rare opportunity to own a genuine piece of rural history, In the village of Ashurst and Just a short drive from the historic market town of Steyning the property offers an exceptional opportunity to embrace a country way of life.
The property retains its original simplicity and rustic charm ready to be restored, refreshed or modernised to create a truly individual country home .The absence of a chain means that this lovely home will be offered with vacant possession making it an ideal choice for those looking to settle in this area.

ACCOMMODATION
The entrance hall with its original quarry-tiled floor sets the tone for this character home . The lounge features an open fireplace providing a cosy focal point; In addition there is a second reception room with decorative tiled floor. The kitchen offers a range of cupboards with scope to reconfigure and modernise allowing the next owner to design a space that suits contemporary living There is a Rayburn in this room which has been de-commissioned - prospective buyers could consider replacing this appliance or adding something similar. The property also benefits from a down stairs cloakroom separate reception room and usable cellar ideal for storage The downstairs family bathroom has been completely refurbished. Upstairs there are three double bedrooms, all with ornate fire grates and surrounds .

OUTSIDE
A highlight of the property is its generous long garden providing plenty of outdoor space for recreation and gardening . There is also off -road parking for several vehicles and wide open views typical of a countryside setting .

LOCATION
The farmhouse is located in a rural position within easy reach of Steyning, a charming market town. There are many scenic South Downs walks to be enjoyed from this location. Brighton Horsham and mainline rail links are also accessible by road for commuters . Close to the property there is a traditional pub and restaurant in the village of Ashurst for evenings out locally.

SERVICES
Mains Water
Mains Electricity
Drainage - Septic Tank

DISCLAIMER
All material information has been provided to us by the seller, this is accurate to us to the best of our knowledge and is provided in good faith. Your legal representative should verify this information through enquiries raised during the conveyancing process.

IDENTITY CHECKS
Should a purchaser have an offer accepted on a property marketed by Martin & Co, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use an online service to verify your identity provided by HIPLA. The cost of these checks is 50 inc. VAT per purchase which is paid in advance, directly to HIPLA. This charge is non-refundable under any circumstances.


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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

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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
    £ 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

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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

£ 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

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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
    £

    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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This is the assumed rate of house price inflation.

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.

Notes

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