3 bedroom detached for sale

£645,000

3

Bedrooms

2

Bathrooms

Floorplan

Detached house with private gardens built in the 1990`s, in the very popular village of East Budleigh, Accommodation Briefly Comprises Bright Double Aspect Sitting Room, Dining Room, Kitchen, Separate Utility, Ground Floor Cloakroom, Three Double Bedrooms (Master with En-Suite), Bathroom, Double Garage, Driveway Parking.

The picturesque village of East Budleigh is set within an Area of Outstanding Natural Beauty, just two miles from the Jurassic Coast of Budleigh Salterton. The village offers a range of essential amenities, including a community shop, primary school, village hall, the historic Sir Walter Raleigh Community pub and Walts coffee shop. Additional services are available in nearby Budleigh Salterton. The nearest cathedral city, Exeter, is easily accessible and provides varied shopping opportunities, alongside rail links to Paddington and Waterloo, access to the M5 at Junction 30, and Exeter International Airport.

Accommodation comprises (all measurements are approximate):

Entrance
Covered entrance porch with outside light, wooden door with obscure glazed panel to the side leads to:-

Hallway
Stairs rise to the first floor, security alarm panel, door to garage, doors to:-

Living Room - 17`9' x 15`0' (5.41m x 4.58m)
A large bright, double aspect room with large window overlooking the garden and further window and sliding doors giving access onto the patio, feature fireplace with coal effect gas fire, marble hearth and wooden surround, 2 radiators.

Dining Room - 13`3 x 11`1' (4.04m x 3.38m)
Another bright room with window overlooking the garden to the side, door onto the rear patio, glass panels onto the hallway, radiator.

Kitchen - 10`11' x 9`8' (3.33m x 2.95m)
Window to the font overlooking the garden, roll edge worktop surface with range of cupboards and drawers under, tiled splashback, inset stainless steel sink and drainer with mixer tap, 4 ring gas hob, integrated double oven, integrated fridge and freezer, integrated dishwasher, matching eye level cupboards, arch through to:-

Utility Room - 9`9' x 5`8' (2.97m x 1.72m)
Door to the side of the propery, roll edge worktop surface with further range of base and eye level cupboards, tiled splashback, extractor, space and plumbing for washing machine and space for further appliance, stainless sink and drainer with mixer tap, radiator.

Cloakroom
Half height tiled walls, low level W.C, all hung wash hand basin, radiator.

First Floor Landing
Hatch to loft, door to airing cupboard housing the hot water cylinder, doors to:-

Bedroom 1 - 17`9' x 8`10' (5.41m x 2.69m)
Double aspect room with wonderful views over the village and countryside beyond, built-in wardrobe, radiator, door to:-

En-Suite Shower Room
Shower cubicle with fully tiled walls, low level W.C, pedestal wash hand basin, obscure glazed window, extractor, radiator, half height tiled remaining walls.

Bedroom 2 - 14`11' x 9`9' (4.55m x 2.97m)
Another bright room with two windows overlooking the village, built-in wardrobe, radiator.

Bedroom 3 - 11`1' x 10`8' (3.38m x 3.25m)
Window to the side, built-in wardrobe, radiator.

Bathroom
Obscure widow to front of property, white suite comprising panelled bath with mixer tap and shower attachment, low level W.C, pedestal wash hand basin, half height tiled walls, radiator, extractor.

Double Garage - 17`7 x 17`0' (5.36m x 5.19m)
Electric up and over door, hatch to storage area, window overlooking the rear garden, wall mounted gas fired Worcester boiler, power and light, door to hallway.

Outside
The property is approached via double iron gates which lead to a tarmac driveway which provides parking for 2 cars, there is a walkway around the whole property and the garden is mainly laid to lawn with a patio seating area to the Southwest corner, there are mature planted borders and a garden shed, the garden is very private.

Tenure - Freehold

Council Tax Band - G

What3words: ///expert.timidly.remembers

Mortgage Assistance

We are pleased to recommend Meredith Morgan Taylor, who would be pleased to help irrelevant of which estate agent you finally buy through. For a free initial, no obligation chat please contact us on to arrange an appointment.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Meredith Morgan Taylor Ltd is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority (FCA).

The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A buyer is advised to obtain verification from their Solicitor or Surveyor. References to the tenure of the property are based on information supplied by the seller. The agent has not had sight of the title documents. A buyer is advised to
obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.


Please note that all personal information provided by customers wishing to receive information and/or services from Meadows Estate Agents will be processed by the estate agent, the Meadows Estate Agents for the purpose of providing services associated with the business of an estate agent and for the additional purposes set out in the privacy policy (copies available on request) but specifically excluding mailings or promotions by a third party. If you do not wish your personal information to be used for any of these purposes, please notify Meadows Estate Agents.


Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

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

£ 534825

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
    £ 16125
  • 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

£ 51075
  • 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

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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