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£375,000
Bedrooms
Bathrooms
RARE OPPORTUNITY Located in an elevated position and set in a semi rural location with stunning views over the valley and historic riverside town a three bedroom bungalow, full of potential and set within just over an acre of pasture with three enclosures and separate road access. Formal gardens with a timber barn and garage.
Property Description - Millerson Estate Agents are pleased to market this three bedroom Woolaway bungalow situated within tranquil mature gardens, in an elevated enviable position and accessed via a private drive. The property is set in about one acre of mature gardens and land with stunning views across Lostwithiel offering huge potential to create a wonderful family home. The accommodation briefly comprises of an entrance hall, lounge, dining room, kitchen, shower room, separate WC, and three double bedrooms. Outside there is a timber shed, detached garage. The land can be accessed via the lower pedestrian gate beside the garage into the field garden or by path to the rear. The land is set to good pasture and is ideal for the grazing of sheep or for the planting of trees. Viewings are strictly by appointment only and highly recommended to appreciate this properties full potential.
Location - Located in the town of Lostwithiel, this property is accessed via a quiet road which leads to a driveway whilst passing mature rhododendrons, camellias and various other mature shrubs. The property is within walking distance of the historic town centre which is based at the head of the river Fowey, with a well regarded castle of Restormel. The town has a lovely range of local and highly individual shops, local amenities and has a mainline railway station. It is close to the towns of St Austell, Bodmin and Liskeard which offer a larger range of supermarkets and shopping centres. Nearby are the coastal hotspots of Fowey, Charlestown, Looe and Polperro.
The Accommodation Comprises - All dimensions are approximate.
Entrance Hall - Covered entrance porch with glazed side screen and door opening into L-shaped entrance hall. Airing cupboard. Built-in cupboard housing insulated copper cylinder immersion heater. Night storage heater. Door leading into:
Lounge - 6.13m x 3.44m (201' x 113') - Large picture window to the front elevation with glorious valley views and window to the side elevation. Open fireplace with back boiler set into a stone surround and slate hearth. Night storage heater. Door leading into the
Conservatory - 4.56m x 2.49m (1411' x 82') - Glazed windows to three sides with lovely views over the garden. Door leading out to the front garden.
Dining Room - 3.91m x 1.80m (129' x 510') - Two built-in cupboards. Carpeted flooring. Door leading into the
Kitchen - 3.98m x 1.82m (130' x 511') - Window to the front and rear elevation. Base fitted units. Space and plumbing for washing machine, fridge freezer and electric cooker. Sink with drainer. Half-glazed door to the rear.
Bedroom One - 3.38m x 3.31m (111' x 1010') - Double glazed window to front elevation with views over the valley. Carpeted flooring.
Bedroom Two - 3.38m x 2.73m (111' x 811') - Double glazed window to front elevation with lovely rural views. Carpeted flooring.
Bedroom Three - 2.76m x 2.31m (90' x 76') - Window to rear elevation. Carpeted flooring.
Shower Room - 1.64m x 1.49m (54' x 410') - Wet room with window to rear elevation. MIRA electric shower. Vanity unit with wash basin. Electric towel rail. Vinyl flooring.
Separate W/C - 1.77m x 0.78m (59' x 26') - Window to the rear elevation. Low level WC.
Outside - The land, totaling about 1. acre of land and gardens, sits in a stunning position located up a small road which leads onto a private driveway stocked with an array of Rhododendrons and Camellia shrubs with ample parking. The entrance gate provides access to the barns and the bottom of the paddock. There are beautiful well-stocked gardens surrounding the property which overlook the valley and historic town of Lostwithiel.
To the side of the property you will find a timber shed (2.53m x 1.74m) and a large garage. There are paths which lead up into the paddock measuring approximately 3/4 of an acre with well defined boundaries. Chicken house with run.
Further enclosure to the righthand side of the bungalow (North side) which total approximately 1 acre .
Garage - 5.70m x 3.64m (188' x 1111') - With metal up and over door. Side access. Power and lighting.
Services - This property is connected to mains water, electricity and drainage. It falls under Council Tax Band D
Directions - On entering Lostwithiel from the St Austell direction , descend into the town and turn left up the no through Scrations Lane immediately before the brown sign welcoming you into this ancient stannary town. Proceed up the lane for about two hundred meters and then turn right all the way to the end where you will reach the gate at the foot of the drive.
Agents Note - The property is of Woolaway construction, and finance may be possible. Property acceptability is based on a satisfactory valuation report from the banks appointed valuer. Non-standard construction will be assessed on individual merit.
Extra land and Shepherds Hut is a possible option which the vendors may consider selling.
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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