4 bedroom detached for sale

£550,000 Guide Price

4

Bedrooms

Higher Treglohan is a substantial, detached
period house, close to 2000 sq ft / 200 sq m, set
in an idyllic rural location, surrounded by a private
garden and farmland. The property is now in
need of complete refurbishment throughout,
including a new roof, and offers an exciting
opportunity for the new owner.

From the driveway, there is a garden path which
leads to a patio area adjacent to the property.
The property has two entrances, one at the rear
which enters through a large utility room, and one
at the front which enters through a porch which
leads into the double drawing room which spans
the entire front of the house.

The utility room leads into a hallway with stairs to
the first floor and doors to the kitchen, dining
room, downstairs WC and the incredible drawing
room which is over 27 ft / 8m long and has
wonderful natural light and fireplaces at either
end.

On the first floor you arrive initially on a large
landing with an impressive built-in linen
cupboard, a bathroom and a separate WC.

The property has lovely proportions, with high
ceilings and plenty of natural light coming through
the large windows. Once refurbished this will
make an exquisite rural residence.

Externally there is a lawned garden all around the
house, backing mainly onto fields. On the
approach to the property there is a parking area
and two large outbuildings that are included in the
sale.

Please note, there is a covenant on the property
which means that there is a 25% overage charge
if the outbuildings are developed into residential
accommodation. The covenant does not apply to
changes to the house itself.

The access road to the property is shared with
another house, Lower Treglohan, and
maintenance of the road is shared with this
property and a barn. This road also provides
access to a public footpath that leads down to the
sea and the South West Coast Path about 0.5km
away.

There is an additional piece of land, separate to
the garden, which is just off this driveway which is
currently overgrown and has ruined buildings on it
but could have a number of uses, such as boat
storage, additional parking, or keeping small
animals etc. This land is not included in the sale
but could be included as an optional extra.

EPC E
Council Tax Band E
Sewage - Septic Tank
Mains Electricity & Water Supply
Heating - Air Source Heat Pump
Hot Water - Electric Immersion

LOCATION
Located on the rural outskirts of St Keverne, the property is
ideally situated for exploring the Lizard peninsula with
picturesque coastal villages such as Coverack and Porthoustock,
which can be accessed by walking along the South West Coast
Path.

St Keverne is the largest village in the Helford area and
somewhat unusual for Cornwall in that it is clustered around a
central square. This attractive square contains a number of
shops, 2 pubs (the White Hart and the Three Tuns), a handful of
cottages and is overlooked by the fifteenth century church of St
Akeveranus. The nearest town, Helston, is just under a half
hours drive (around 12 miles) away.

The most southerly point of mainland Britain, the Lizard
peninsula is a place like no other. The sea seems a touch bluer,
the light a little brighter and the land a littler flatter! The geology
is unlike anywhere else in Cornwall, with rocks that formed 350
million years ago responsible for the unique landscape, a plateau
surrounded by robust sea cliffs, here and there providing a safe
haven for a small harbour or fishing village.

The Lizard peninsula provides unique opportunities for adventure
with a myriad of outdoor activities on your doorstep. Whether you
are into bird watching, hiking, sea kayaking or surfing, there truly
is something for everyone.

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

£ 456450

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
    £ 13750
  • 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

£ 43950
  • 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

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