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£700,000
Bedrooms
Bathrooms
Lilac Cottage is a delightful example of a rural home, enjoying a private tranquil position in the ever-popular village of Normanton-on-Trent, surrounded by beautiful open fields. The village boasts a real community feel with a variety of activities held within the village, as well as offering great commuting access to the A1, neighbouring towns of Newark and Retford and the city of Lincoln. The village hosts a brilliant primary school, two local pubs and is within the catchment for the sought after Tuxford Academy.
This home has been substantially extended by the current owners and presents substantial, yet versatile accommodation that can suit a variety of purposes, including those looking for multi-generational living. The property is approached by a private drive, with this property having right of access, and opens through to the private generous gravelled driveway providing ample off street parking as well as giving access to an outbuilding. The outbuilding had PLANNING PERMISSION granted in 2022 for the demolition of the existing barn to build a new two storey granny flat/assisted living accommodation. For more detail search Bassetlaw District Council planning portal with the reference 22/00818/FUL. Lilac Cottage sits on approximately 0.46 acre with wrap around gardens surrounding the property, with open fields views to all corners, and a variety of mature plants, shrubs and fruit trees giving this home a true sense or privacy. There is also access to a wonderful OUTDOOR HEATING SWIMMING POOL, with a paved outdoor seating area and pool store, making this particular outdoor space a superb entertaining hub, perfect for the summer days.
The propertys internal accommodation comprises: inviting entrance hallway with access to a large lounge with beamed ceiling and log burning stove, dual aspect sitting room, sun/pool room that has a fitted bar with dishwasher and granite work surfaces, doors to the rear garden and door to a WC. In addition, from the hallway, there is a door to a generous breakfast kitchen that has granite work surfaces, central island with sink, pantry cupboard, space for American fridge freezer, electric oven, two dishwashers and integrated microwave. An opening leads through to a gorgeous formal dining room that has a vaulted beamed ceiling, French doors to the side garden and steps up to a garden room that has bi-folding doors to the swimming pool area. There is further access to a ground floor bedroom and large ensuite bathroom. The first floor benefits from a welcoming landing space, giving access to a four piece family bathroom suite and five well-proportioned bedrooms, two of which enjoying ensuite facilities, and another bedroom having a Juliet balcony overlooking the garden.
This home is a delightful individual property and viewing will be key to appreciate the position, size and flexibility. Other features of the property include oil fired central heating and UPVC double glazing.
EPC rating: F. Tenure: Freehold,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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