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£195,000 Guide Price
Bedrooms
For sale by Public Auction and via Livestream on Friday 16th May 2025 at 2pm
at Merley House, Wimborne, BH21 3AA. Register to bid in the room, online, by
telephone or by proxy via our website.
Adorable two double bedroomed detached cottage for comprehensive modernisation in 0.14ha/0.33acres enjoying an idyllic wooded setting.
Property - Adorable two double bedroomed detached cottage for comprehensive modernisation in 0.14ha/0.33acres enjoying an idyllic wooded setting.
Possibly the most wonderful Auction property Ive seen in a nearly forty-year
career Graham Barton - Auctioneer and Surveyor
GF Living room, sitting room, kitchen/breakfast room and scullery with door
to garden.
FF Stairs to small landing, bedroom one with small eaves room off, bedroom
two with door to further eaves space and second staircase.
Outside - The whole extends to 0.14ha/0.33acres broadly made up of a large
formal garden and the former kitchen garden to one side.
Parking/Turning There is a turning/parking bay adjoining the garden to the east.
Location - If you want to live in the middle of nowhere but be only about two miles from a town centre, this cottage is for you. Two miles away is St Austell town centre which includes local amenities for general shopping, supermarket, pharmacy and dentists. A greater depth of facilities are available within the wider area of St Austell including the leisure centre at Polkyth, cinema, bowling alley, and a number of well known supermarket brands. The town also benefits from a mainline train station, linking Penzance to London Paddington. Access to the A30 is within a 20 minute drive and is the main route outside of Cornwall. Beyond St Austell town lie the sandy sheltered beaches of the south coast, the picturesque fishing villages of Mevagissey and Polperro, Cornwalls capital city Truro, and the stunning coastal walks of the Roseland Peninsula, an area of outstanding natural beauty.
Tenure - Freehold
Solicitors - Stephens Scown
Truro TR1 1UT
b.
Auction Conditions Of Sale And Notes - For full details please refer to the auction catalogue available online at
Legal And Information Pack - A full legal pack can be purchased online. Please telephone the office below to check availability.
We strongly recommend you instruct a solicitor to inspect the legal pack on your behalf.
Guides are provided as an indication of each sellers minimum
expectation. They are not necessarily figures which a property will sell
for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction). The reserve price is not disclosed and remains confidential between the seller and the
auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The Reserve Price may exceed the Guide Price listed. If so, it is customary for the Reserve Price to exceed the guide price by no more than 10%.
Additional Fees
The successful purchaser will be required to pay the Auctioneers a
Purchasers Administration Fee of 1,500 (1,250 plus VAT) payable to
Symonds & Sampson. For purchases of 50,000 or less the
Administration fee will be 900 (750 plus VAT). If two or more lots are
offered together in the first instance, or lots are purchased under one
contract, the administration fee will apply per lot and not per contract.
The charge will apply to lots bought prior to and post auction.
In the event of non-payment or underpayment a deduction will be
made from the deposit received. A VAT receipt will be issued in the
name of the buyer.
Disbursements Please see the legal pack for any disbursements listed that may become payable by the purchaser.
Agents Note - Rightmove Link:
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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