5 bedroom detached for sale

£550,000

5

Bedrooms

2

Bathrooms

Floorplan

Welcome to this exquisite Victorian detached converted coach house located on Tavistock Road in the charming town of Launceston. This property boasts a generous 2,152 sq ft of living space, perfect for a growing family or those who love to entertain.

As you step inside, you are greeted by three spacious reception rooms offering plenty of space for relaxation and social gatherings. The stunning garden provides a peaceful retreat where you can unwind and enjoy the outdoors.

There is ample parking with space for four vehicles, ensuring convenience for you and your guests. Additionally, the property includes a detached barn, offering even more potential for storage or conversion.

Situated in a private location, this property offers tranquillity and seclusion while still being close to local amenities. With planning permission for two further dwellings, there is great potential for investment or expansion.

Dont miss out on the opportunity to own this unique and charming Victorian property in Launceston. Contact us today to arrange a viewing and make this house your new home!

Property - An attractive and character and highly individual five bedroom detached family home which offers huge potential and flexibility and would be ideal for multi generational families with a detached barn and planning for two detached bungalows in the walled in grounds. The gardens are well established and there is an open garage/ workshop, detached barn, and also within the grounds there is planning for two detached bungalows. Planning No: PA23/04849.
The property requires some modernization but offers great accommodation that briefly comprises entrance hall, sitting room, kitchen/diner, utility room, snug, store room, shower room and on the first floor are five bedrooms and a family bathroom.

Location - Launceston is an ancient town and was once the capital of Launceston and has a stunning and imposing castle overlooking the town and surrounding countryside. The two offers an extensive range of local shops and business, schools and is bypassed by the main A30 dual carriageway providing easy access further into Cornwall, or East into Devon, about two miles away towards Exeter.

Entrance Porch - Leading to:

Entrance Hall, - Paneled radiator, door to

Sitting Room - 5.95m x 4.66m (196' x 153') - A well proportioned room, paneled radiator, two windows to front elevation, glazed door to the front, wall lights, fire place.

Kitchen/Diner - 4.70m x 4.52m (155' x 149') - Extensive range of farmhouse style base and wall units, work tops, tiled splash back, three window to front elevation, electric cooker point, single drainer sink unit.

Inner Hall - Stairs to first floor and door to:

Utility Room - 2.23m x 2.17m (73' x 71') - Belfast sink, plumbing for washing machine, slate tiled floor, window to garden, oil fired boiler.

Snug - 3.43m x 2.78m (113' x 91') - Half glazed door to garden, paneled radiator, built in traditional Cornish Range

Shower Room - 2.51m x 2.02m (82' x 67') - Tiled walls, shower cubicle, low level WC, wash basin, window to rear.

Store Room - 4.23m x 2.27m (1310' x 75') - Beamed ceilings window to rear.

First Floor Landing - Window to rear, built in cupboard, airing cupboard.

Main Bedroom - 4.53m x 4.15m (1410' x 137') - With extensive range of bedroom furniture, dual aspect to front and side.

Bedroom Two - 4.76m x 3.64m - Three windows to side and front, paneled radiator,

Bedroom Three - 3.55m x 3.20m (117' x 105') - Window to front elevation, paneled radiator.

Bathroom - 1.91m x 1.90m (63' x 62') - Paneled bath, low level WC, wash basin, window to side elevation, paneled radiator.

Bedroom Four - 3.71m x 3.06m (122' x 100') - Window to side, beamed ceilings.

Bedroom Five - 4.44m x 2.27m (146' x 75') - Window to rear, paneled radiator.

Outside - The entrance is approached vis double wrought iron gates, leading to the parking area and to Garage/Carport and paths leading down to a lower sheltered lawn area and extra parking and further paths leading to rear walled rear garden which is well established and well stocked. Path leading to the detached barn.
Greenhouse 3.99m x 1.61

Carport/ Garage/ Workshop - 6.10m x 5.00m (200' x 164') - Power, loft storage, concrete floor.

Detached Barn - 4.09m x 3.71m (135' x 122') - A stone barn with tiled floor, door to rear, power and light,

Services - Mains Water, Electricity, Drainage, Oil fired central heating.
Council tax band E



Features
  • Freehold

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

£ 456450

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
    £ 13750
  • 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

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£

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

£ 43950
  • Mortgage Interest
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    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)
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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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Total Profit

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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Final Property Value

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