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£325,000 Offers over
Bedrooms
Bathrooms
Nestled in the tranquil and picturesque village of Ridgmont, this one-bedroom cottage is bursting with character and offers much more than meets the eye. Ideal for those seeking a peaceful retreat, this property also presents a unique opportunity for a home-based business or income generation through Airbnb.
Upon entering the cottage, you are greeted by an inviting entrance hallway that leads into a spacious lounge, complete with a cosy wood burner. The modern kitchen/breakfast room is well-equipped with integrated appliances. Adjacent to the kitchen, a separate utility room offers additional convenience.
Upstairs, the double bedroom is a serene sanctuary featuring built-in wardrobes and ample storage. The contemporary bathroom boasts a modern suite with a bath and electric shower. Outside, the terraced courtyard is a secluded, sunny space perfect for relaxation or alfresco dining.
Adding to the allure of this charming property is the fantastic two-storey annexe. This additional living space includes a comfortable lounge area and a modern shower room on the ground floor, while the upstairs houses a double bedroom. With its own private access, the annexe offers significant potential for use as a home office, a guest suite, or an income-generating Airbnb rental.
The cottage also benefits from a driveway and beautifully maintained gardens at both the front and rear, enhancing its curb appeal and providing outdoor enjoyment.
This deceptively spacious cottage, with its additional annexe, is a rare find in the sought-after village of Ridgmont. It combines character, modern amenities, and versatile living spaces to offer a truly unique and inviting home.
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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