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£780,000
Bedrooms
Bathrooms
THE OLD SCHOOL, RED LION LANE, OVERTON RG25 3HH
A historic building (circa 1872) close to the centre of the village which has been lovingly restored with all the comforts of modern living whilst retaining many of the period features. This detached three-bedroom property has an entrance hall, inner hall, large living space, snug (which could be converted into a bedroom), kitchen/breakfast room, family bathroom, en-suite shower room, under floor heating, solar panels, a detached double garage and gardens both front and rear. The village boasts a comprehensive range of shops and services including gift shops, hairdressers, coffee shops, a small supermarket, restaurants and takeaways, pubs, chemist, dry cleaners, florist, greengrocer, bridal shop, travel agent, butcher and baker. There are sports facilities including a nine-hole golf course and two tennis courts together with many and varied interest groups. The village is well served by public transport with regular bus services to Basingstoke, Andover and Winchester as well as a mainline railway station with direct services to London Waterloo via Basingstoke and to Salisbury, Yeovil and Exeter. Road connections to the national network are close by with the M3/A303 a short drive away linking to London and the M25, the south coast and the south west. The A34 is within easy reach for the south coast, the midlands and the north.
THE ACCOMMODATION COMPRISES
Canopy Porch to:-
ENTRANCE HALL Beamed ceiling, two double glazed windows, ceramic tiled floor with underfloor heating, arched wooden door to:-
INNER HALL Beamed and vaulted ceiling, double glazed feature window with stone reveals, period radiator, cast iron fireplace, radiator, stairs to first floor, glazed wooden double doors with stained glass to:-
LARGE LIVING SPACE About 22 x 15 Beamed and vaulted ceiling, two double glazed feature windows, designer wall lights, matching ceiling lights, log burner, split level floor with raised wooden area with underfloor heating, door to:-
KITCHEN/BREAKFAST ROOM About 21 x 16 Double glazed roof lantern, ceiling downlighters, inset acrylic sink unit with Quooker tap set in a granite worktop with cupboards under, built-in double oven, integrated dishwasher, matching wall units, large oval island unit with induction hob and cupboards under, space for double fridge freezer, ceramic tiled floor with underfloor heating, double glazed doors to garden, door to snug.
UTILITY ROOM About 6 x 5 Granite worktop with acrylic sink unit with mixer tap, cupboards under, plumbing for washing machine and tumble dryer, ceramic tiled floor with underfloor heating.
SNUG/STUDY About 6 x 9 Double glazed feature window with stone reveals, double radiator.
BATHROOM Roll top bath with ball and claw feet, Victorian style mixer tap with hand-held shower attachment, walk-in shower with Victorian style mixer taps with monsoon head, chrome radiator towel rail, WC with high level cistern, wash hand basin set in a vanity unit with cupboards under, built-in linen press.
BEDROOM TWO About 12 x 7 Feature double glazed window with stone reveal, double radiator, wall light points.
LANDING Beamed ceiling, radiator,
BEDROOM ONE About 15 x 8 Double aspect, beamed and vaulted ceiling, two double radiators, built-in wardrobes.
EN-SUITE SHOWER ROOM Corner shower cubicle with monsoon head and hand held shower, WC with concealed cistern, wash hand basin set in a vanity unit, double glazed window, heated towel rail.
BEDROOM THREE About 12 x 8 Beamed and vaulted ceiling, double glazed window, double radiator, built-in wardrobe.
FRONT GARDEN Laid mainly to grass with mature shrubs and an ornamental tree, outside tap, gravelled driveway with parking leading to:-
DOUBLE GARAGE About 22 x 18 Two up-and-over doors, power and lighting, solar panels, side door, double glazed window.
REAR GARDEN Walled and fenced, laid to grass with raised paved area and water feature, space for outdoor seating.
SERVICES All main services, gas radiator central heating and electric underfloor heating.
EPC RATING C
COUNCIL TAX We understand from the Valuation Office Agency that the property is in tax band E.
FREEHOLD
VIEWING Only by appointment with Parnell Jordy & Harvey, 5 Winchester Street, Overton, Basingstoke, RG25 3HR
FOLIO 20056 MPF25424
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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