4 bedroom detached for sale

£700,000

4

Bedrooms

2

Bathrooms

Floorplan

A rare and exciting opportunity to purchase this beautifully presented 3 to 4 bed character cottage, located in a sought after, tranquil residential location within St Erth. The property benefits from versatile accommodation, tandem garage and approximately 1 acre of gardens and separate paddock. We strongly recommend an early inspection to fully appreciate this stunning property.

Entrance Porch - 2.57m x 1.83m (85 x 6) - Wooden flooring, glazed windows to three sides, pitched glass roof, stable style door into...

Lounge Diner - 6.50m x 3.73m (214 x 123) - Fitted carpet, beamed ceiling, exposed stone walls, wood burning stove, double glazed sash window to the front. Inset ceiling spot lights, electric night storage heater. Carpeted stairs to first floor level, door into kitchen. door into...

Dining Room / Bedroom - 4.60m x 2.34m (151 x 78) - Currently used as a dining room, but has been used previously as an additional bedroom.
Wood flooring, electric night storage heater, double glazed sash window to the front and side, beamed ceiling inset ceiling spot lights, exposed wall, door leading outside and door into...

Shower Room - 2.01m x 1.37m (67 x 46) - Corner shower cubicle with electric shower, wall mounted extractor fan, pedestal wash hand basin, tiled splash back, low level w/c, heated towel rail, vinyl flooring.

Kitchen - 4.98m x 2.46m (164 x 81) - Fitted with a range of white high gloss base and wall mounted, shaker style kitchen units, tiled flooring with electric underfloor heating.
Four ring electric hob, eye level integrated oven and grill, one and a half bowl sink and drainer with mixer tap. Double glazed window to the rear, integrated washing machine, and slimline dishwasher, tumble drier and space for a freestanding American style fridge freezer.
Stable style door to the rear leading into...

Rear Porch - 1.55m x 1.37m (51 x 46) - Tiled flooring, double glazed windows to three sides, double glazed door to the rear.

From the lounge, a staircase leads up to...

First Floor Landing - Fitted carpet, loft access, built in airing cupboard.

Bedroom 1 - 3.66m x 2.92m (12 x 97) - Fitted carpet, electric night storage heater, double glazed sash window to the front, with deep wooded window sill, delightful rural views.

Bedroom 2 - 3.63m x 2.67m (1111 x 89) - Fitted carpet, double glazed sash window to the rear, deep wooden window sill. recessed storage area.

Bedroom 3 - 2.79m x 2.36m (maximum measurement) (92 x 79 (ma - Fitted carpet, sloping ceiling, double glazed sash window to the rear, with double glazed roof light above, wood clad ceiling, electric night storage heater, built in wooden wardrobe.

Bathroom - 2.49m x 1.93m (82 x 64) - Fitted with a modern suite comprising freestanding roll top bath with claw feet, mixer tap, double glazed window to the rear with double glazed roof light above, low level w/c with push button flush, corner shower cubicle with mains fed shower, drencher shower head and wand attachment. Heated towel rail, wash hand basin with vanity unit below, illuminated mirror above, tiled flooring.

Outside - The property is approached via gated pathway, leading to the front door. The front garden is laid to lawn, enclosed by a low wall. To the side is a gravel driveway proving offroad parking and leads to...

Garage - 11.89m x 3.00m (39 x 910) - A large tandem length garage/workshop with wooden double doors to the front, power and light supplied, useful mezzanine storage area two windows to the side and one to the rear, pedestrian door to the side.
Given the size of this garage, there could be potential to create a detached annexe offering ancillary accommodation to the main house, subject to obtaining the relevant planning and building regulation approval.

Rear - A gravel pathway leads to the rear where there is ample sheltered space for table and chairs, perfect for alfresco dining.
To the side, there are three stone built storage sheds with slate roofs, providing useful storage.
Steps lead up to the rear garden which is laid to lawn with a good sized orchard to the rear of the garden with various fruit trees and offering superb far reaching rural views across to Trencrom Hill.

Meadow - Situated opposite the property across the lane is a superb meadow area, with plenty of open space, and offering an abundance of wildlife with a natural pond situated at the far end. The meadow is laid to lawn, well stocked with a wide variety of mature trees, backing onto the riverbank.
We have been informed by the vendor that there is water, septic tank drainage and electricity supplied to the meadow.

Material Information - Verified Material Information
Council tax band: D
Council tax annual charge: 2342.54 a year (195.21 a month)
Tenure: Freehold
Property type: House
Property construction: Standard form
Electricity supply: Mains electricity
Solar Panels: No
Other electricity sources: No
Water supply: Pumped water from house bore / well.
Sewerage: Septic tank
Heating: None
Heating features: Wood burner
Broadband: FTTC (Fibre to the Cabinet)
Mobile coverage: O2 - Good, Vodafone - Good, Three - Good, EE - OK
Parking: Driveway and Garage
Building safety issues: No
Restrictions - Listed Building: No
Restrictions - Conservation Area: No
Restrictions - Tree Preservation Orders: None
Public right of way: No
Long-term area flood risk: No
Coastal erosion risk: Yes
Planning permission issues: No
Accessibility and adaptations: None
Coal mining area: No
Non-coal mining area: Yes
Energy Performance rating: E
All information is provided without warranty. Contains HM Land Registry data Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.

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

£ 580200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 17500
  • 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

£ 55200
  • 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.

Notes

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