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£420,000 Guide Price
Bedrooms
A DETACHED FORMER BARN, SITUATED IN THE POPULAR AREA OF YAWL WITH PRETTY GARDEN AND OFF ROAD PARKING
The Old Barn is a charming detached home, formerly belonging to Yawl Farm until its conversion in around 1987 by a local builder. Constructed of stone and part brick elevations under a tiled roof, the property offers comfortable living space, and which benefits from a lovely garden to the rear which is well stocked, together with off road parking area and detached garage.
Whilst presented in very good order throughout, it would now benefit from some internal updating. The accommodation also includes a generous lounge, kitchen, utility/cloakroom area, large conservatory, as well as three bedrooms and family bathroom to the first floor. The property is also offered to the market with no onward chain.
The Accommodation Comprises: - Access off the lane via timber gate to paved path leading to side access to garden and the front entrance door.
Lobby - With ceiling light and doors off to:
Cloakroom/Utility - With WC and space for washing machine. Hand basin. Floor mounted boiler.
Kitchen - 1110' x 711' (3.61m x 2.41m)
With solid wood wall and base units with rolled edge laminate worktops. Inset 1.5 bowl stainless steel sink and drainer. Integral electric hob and oven. Tiling to splashback areas. Undercounter space for fridge. Radiator. TV and telephone points. Spotlights. Dual aspect double glazed windows. Door to:
Lounge - 168' x 153' (5.08m x 4.65m)
With woodburning stove. Exposed timber beams. Staircase leading to first floor. uPVC obscured door from outside. 3 Wall lights. Radiator. 2 TV points. Timber single panel doors to:
Conservatory - 155' x 911' (4.70m x 3.02m)
uPVC construction (enlarged in 2009) with doors to outside. Radiator. Ceiling spotlights.
First Floor -
Landing - Built-in cupboards housing immersion tank and header tank, with fitted shelving. Velux window. Ceiling spotlight.
Bedroom 1 - 1311' x 97' (4.24m x 2.92m)
Dual aspect double glazed windows. Radiator. 2 Built-in cupboards. TV point and telephone point. Ceiling spotlight.
Bedroom 2 - 113' x 81' (3.43m x 2.46m)
Dual aspect windows. Radiator. Celing spotlight.
Bedroom 3 - 81' x 55' (2.46m x 1.65m)
Velux window. Radiator. Ceiling spotlight.
Bathroom - Velux window. Fully tiled. Timber panelled bath, WC, pedestal hand basin, radiator, shaver point.
Location And Outside Space - The Old Barn is located in the charming hamlet of Yawl, within easy reach of the popular village of Uplyme and local walks. The property is approached via a 5 bar timber gate which opens on to a bridlepath (owned by The Old Barn) and which in turn leads around to the parking area for the house to the right hand side, with a further gate opening to the parking area and providing access to the garage at the top of the garden. There is also access via a timber gate and subsequent pathway to the side of the property, to its front entrance. The outside space lies predominantly to the rear, with a patio area to the lower level accessed via both the conservatory internally as well as to the side of the property via a pedestrian gate and through a brick archway. There is a further lawned area with mature planting and trees throughout, with stone steps from the lower patio level to the lawned area, with a stone path leading to and from the parking area and garage.
Parking - 173' x 145' (5.26m x 4.39m)
Garage constructed with stone masonary elevations under a slate tiled roof. Double timber doors and timber pedestrian door, single glazed window, light, power and mains water connection.
Material Information - Local Authority: East Devon District Council
Council Tax Band: E
Tenure: Freehold
Please note that there is a footpath over land bordering the northen boundary of the property. This strip of land was acquired by the current owners in 2009 - please enquire with the marketing agent for more details.
Services - We understand the following to be correct by applicants should verify this with their own enquiries.
Electricity: Mains (smart meter)
Water: Mains
Drainage: Mains
Heating: Oil fired central heating. There is no gas supply to the property.
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 take the right fork (Silver Street) at the top of Broad Street and continue to Uplyme. Continue through the village, eventually reaching the sign post for Yawl. After approximately 0.2 miles, the property will be found on the right hand side, just before Cathole Lane on your left.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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