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£1,299,000
Bedrooms
Bathrooms
Reading Room Cottage is a beautiful Victorian property in a semi-rural location within the sound of the bells of Arborfield Church. This historical character home was originally commissioned by the Lady of Arborfield Manor as a Library and Community Hall. The home has character in abundance with a double height dining hall and galleried landing.
The successful buyer will enjoy over 2800 sq ft of living space arranged over three floors, along with an attractive detached coach house with a 22ft studio room above and potential to become a self contained annexe for teenage or more mature family members STPP. In all amounting to 3900 sq ft and occupying a secluded plot of in excess of 0.28 acre.
On the ground floor : Gabled entrance porch, 20ft triple aspect lounge with log burner, 26 ft dining hall, study, two bedrooms and a shower room.
On the first floor : 20ft main bedroom suite with en-suite shower room, two further generous sized double bedrooms served by a family bathroom.
On the lower ground floor : An expansive, practical kitchen/breakfast room and a spacious utility room including a cloakroom and handy washroom.
Externally : The main drive sweeps down to the Coach house and an extensive area of lawn. There is a raised patio area and a separate drive leading to the stables. In all the hard landscaped area provides parking for several vehicles and the whole garden enjoys the prospect of a wooded backdrop.
This is a flexible and tastefully modernised family home, sympathetically updated with high performance double glazing, quality Neff kitchen appliances, structured data cabling and a new A rated central heating boiler. The property also enjoys high speed fibre broadband. For more detailed material property information please click on the various brochure links
As is common with many properties built prior to 2000 there is a possibility that building materials used during their construction may contain Asbestos you may wish to commission your own survey to establish whether this is the case with this property.
MOBILE: EE, Three, O2 and Vodafone are Likely
BROADBAND:
Standard
17 Mbps (Megabits per second)
1 Mbps (Megabits per second)
Ultrafast
1000 Mbps (Megabits per second)
1000 Mbps (Megabits per second)
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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