3 bedroom cottage for sale

£475,000

3

Bedrooms

Floorplan

Simply stunning traditional detached ham stone cottage with a plethora of period features set back from the road and facing the most glorious views over the South Somerset countryside.
Grade II listed, Reform Cottage is a quintessential cottage built from the locally-quarried ham stone. With inglenook fireplace, open beams and country-style kitchen, the current owners have lovingly maintained the period features which make this property unique.
The property also benefits from modern gas central heating, together with a gas Aga range.
Outside is a beautifully landscaped garden with entertaining areas designed to make the most of the stunning views.

GARDEN ROOM 11 5" x 5 6" (3.5m x 1.7m) The main entrance to the house is via a pretty front porch / garden room which provides a very useful space for muddy boots to be stored and also as a sun room to make the most of the views on cooler days of the year.
Single glazed due to the listing. French doors open to the garden with a further wooden door opening into the house and a window to the side. A ceiling Velux window gives plenty of additional light.
Attractive wooden flooring and neutral-painted walls.

HALLWAY A small hallway has cream-carpeted stairs rising to the first floor landing ahead and doors opening to either side into the kitchen and sitting room.

KITCHEN 9 6" x 12 1" (2.9m x 3.7m) Country-style kitchen with a range of wooden fitted cupboards and work surface including a convenient breakfast-bar area.
Stone flooring and cream wall tiles.
Windows to the front and rear.
Blue gas-fired Aga range and space for free-standing gas oven with hob.
Further appliance spaces for the washing machine and fridge-freezer.
Traditional butler-style sink and fitted larder (under-stair) cupboard.

SITTING ROOM 11 9" x 12 5" (3.6m x 3.8m) The first of two reception rooms, the cosy and comfortable sitting room has an inglenook fireplace with fitted wood-burning stove.
Windows to the front and rear.
Cream carpet and decor.
Radiator.

DINING ROOM 9 10" x 11 9" (3m x 3.6m) The dining room also benefits from an open fireplace (currently with an electric stove installed).
Window to the front.
Green carpet and neutral walls.
Radiator.

STAIRS AND LANDING Cream carpeted stairs rise centrally to the first floor landing.
White-painted walls.
Window overlooking the rear garden.
Loft hatch.

BEDROOM ONE 9 10" x 11 9" (3m x 3.6m) Good sized double bedroom with dual aspect windows to the front (and the views!) and the side.
Cream carpet and pale lilac walls.
Attractive ham stone fireplace, currently with electric stove installed.
Radiator and loft hatch.

BEDROOM TWO 11 5" x 9 8" (3.5m x 2.95m) Double bedroom with window to the front.
Cream carpet and pale blue walls.
Radiator.

BEDROOM THREE 12 1" x 5 6" (3.7m x 1.7m) Good sized single bedroom, used as a study by the current owners with fitted shelving and cupboards.
Window to the front.
Cream walls and vinyl flooring.
Radiator.

BATHROOM Very attractive bathroom with the pretty ham stone revealed on the facing wall.
Wooden laminate flooring and white suite of pedestal basin toilet and tear-drop shaped bath with shower above and fixed screen.
Window to the front.
Chrome heated towel rail.

CELLAR / WORKSHOP 11 1" x 9 6" (3.4m x 2.9m) Accessed via a wooden door to the side of the house, the cellar is a fantastic ancillary space, currently used as a workshop but equally suitable as a store or potting shed for example.
Housing the Worcester Greenstar gas central heating boiler.

GARDEN The house is approached from road level via either a narrow wrought iron gate between the traditional stone boundary wall and then through the middle of the garden, or via the side pathway which leads up to the top left hand side of the garden where a second gate is located. (n.b. this path is owned by Reform Cottage but has shared access with the neighbouring property).
The garden is magnificent with a thoughtful layout and planting to make the most of the views.
The main part is laid to lawn with mature planting to the sides and hedging making the garden feel very private despite being open to the landscape ahead.
There are raised patio / gravel areas, perfect for entertaining.
To the side is a useful area for clothes drying and to the rear a greenhouse and log store.

PARKING There is an allocated parking area suitable for 2-3 vehicles on the opposite side of the road.
These are tied to the property but are owned by The Duchy with an annual lease payment due of 110.

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

£ 394575

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
    £ 11875
  • 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

£ 38325
  • 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

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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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