2 bedroom detached bungalow for sale

£395,000 Guide Price

2

Bedrooms

Floorplan

AN ATTRACTIVE AND INDIVIDUAL DETACHED BUNGALOW, SITUATED WITHIN THE POPULAR VILLAGE OF MUSBURY

Little Newcourt is an individual detached bungalow, thought to have been constructed around 2002, with stone and part rendered elevations under a tiled roof.

Under the current ownership the property has been significantly improved and updated to include a new kitchen and bathroom suite, and which is set back from passing traffic in the favoured East Devon village of Musbury.

Little Newcourt offers generous accommodation with good sized rooms throughout, with a particular feature being the delightful rear garden which is especially private and south facing, and driveway parking for a number of vehicles.

The Accommodation Comprises: - Paved path from driveway leading to obscured uPVC double glazed door to:

Hall - With tiled flooring, radiator, loft access, built-in cupboard, airing cupboard with immersion tank. Doors to:

Lounge - 198' x 117' (6.00m x 3.52m)
With dual aspect double glazed windows, 2 radiators, fireplace with woodburning stove, TV point, telephone point, double doors to:

Sun Room - 910' x 99' (2.99m x 2.96m)
With tiled floor, radiator, uPVC double patio doors to garden, ceiling spotlamps.

Kitchen - 108' x 82' (3.24m x 2.48m)
With tiled floor, ceiling spotlights, radiator, matching wall and base units with oak wooden worktops and inset stainless steel sink, integrated appliances including Neff electric oven and microwave and induction hob and Lamona dishwasher, breakfast bar, uPVC double glazed door to:

Utility Room - With tiled flooring, base unit with oak wooden worktop and space and plumbing for washing machine, tumbledryer, and fridge freezer. uPVC double glazed door to outside.

Bedroom 1 - 1310' x 119' (4.21m x 3.57m)
With double glazed window to front and further obscured double glazed window to side, radiator.

Bedroom 2 - 115' x 79' (3.49m x 2.36m)
With double glazed window, radiator.

Bathroom - Fully tiled with obscured double glazed window, wall mounted vanity unity with inset hand basin and WC, panelled bath with shower over, heated ladder towel rail, inset spotlights.

Outside - Little Newcourt is situated in the picturesque village of Musbury, which is positioned to the eastern flank of the River Axe, close to both Seaton and Axminster. Access to the property is via a set of timber gates which open on to the driveway, providing parking for a number of vehicles. A paved pathway from the driveway provides access to the front entrance and to the rear garden via a side gate. The front garden is mainly laid to the driveway, with a gravelled and shrub border and two lawned areas to one side with a gravelled seating area to one corner and timber shed to the other. The rear garden is a lovely space, which is laid to a limestone patio seating area and further lawned area, bordered by mature planting and a variety of specimen trees. A pathway to the rear of the property provides access to the other side of the bungalow, with a pedestrian gate leading to the area where the oil tank is located to the end of the driveway.

Material Information - Local Authority: East Devon District Council
Council Tax Band: D
Tenure: Freehold

Services - We understand the following to be correct but applicants should verify this with their own enquiries.
Electricity:
Water:
Drainage:
Heating:
Broadband and Mobile Signal/Coverage: See checker.ofcom.org.uk

Viewing - Strictly by appointment with the Vendors Agents, Martin Diplock Estate Agents of 36 Broad Street, Lyme Regis.

Directions - From Lyme Regis town centre, proceed out of the town via Pound Street and Sidmouth Road, continuing via the A3052 through Rousdon. Upon reaching the bottom of Boshill Cross, turn right onto the A358 and upon reaching Musbury, continue past the Golden Hind public house, taking the immediate right hand turning into The Street. Follow the road around and upon passing the turning for Church Hill on your right, continue into Axminster Road for a short distance where the property will be found on the left hand side.



Features
  • Freehold

Map location is not available for this property.

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

£ 328575

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
    £ 9875
  • 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

£ 32325
  • 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

Please enter a valid UK mobile number (e.g. 07123456789 or +447123456789)

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