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£700,000
Bedrooms
Bathrooms
3 SILK MILL LANE, SOUTHINGTON, OVERTON, RG25 3DG
Charming rural home with Agricultural Land and river views. Situated in a peaceful rural lane near Southington Mill, this delightful property enjoys views over the River Test to the front and backs onto open fields. Included in the sale is an attached plot of agricultural land. An idyllic setting at the edge of the village, the property is just a short walk/drive from Overton village centre, which provides a range of shops, a parish church, primary school and many sports and recreation facilities. For commuters, there are direct rail services to Waterloo, Salisbury and the south west as well as a regular bus service to Basingstoke and Andover. The nearby A34 at Whitchurch and A303 at Popham offer easy access to the M3 (M25) for London and to Southampton, the West Country and Oxford.
A rare opportunity to enjoy rural living. Viewing highly recommended.
THE ACCOMMODATION COMPRISES:-
DOUBLE GLAZED DOOR
ENTRANCE HALL Stairs to first floor
LOUNGE About 153' x 124' Radiator, power points, TV point, three double glazed windows, oak flooring.
KITCHEN/DINING ROOM (L-shaped) About 183' x 69'+7 recess. Stainless steel single drainer sink unit with mixer taps set in a rolled edge work surface with cupboards under, a further range of matching eye level and base level units with square edge work surfaces, plumbing for dishwasher, space for electric cooker, extractor over, oil fired Aga range cooker, radiator, plumbing for washing machine, power points, four double glazed windows, understairs cupboard, opening to
REAR LOBBY AREA. Double-glazed door to rear garden
CLOAKROOM Close coupled WC, wash hand basin with cupboard under, radiator, double-glazed window.
LANDING (Good size) Radiator, power point. access to loft space, Velux window.
BEDROOM ONE About 12 x 11 + recess. Radiator, power points, airing cupboard, storage cupboard, double-glazed window with views over to the River Test.
BEDROOM TWO (Double aspect) About 115' x 96' Double radiator, power points, built-in wardrobe cupboard. Double glazed window with views over the River Test.
BEDROOM THREE About 86' x 83' Radiator, power points, double glazed window.
BATHROOM Panelled bath with shower over, pedestal wash hand basin, close coupled WC, radiator, Velux window.
FRONT GARDEN Tarmac driveway, grassed area.
DETACHED DOUBLE CARPORT WITH STUDIO/WORKSHOP About 31 213' Light and power
REAR AND SIDE GARDENS Laid to grass with shrubs and flower borders. There is a parcel of Agricultural Land which goes with the property. House and land total 0.4 of an acre.
GARDEN OFFICE About 12 x 12 Double glazed window, light and power.
SERVICES Mains water, electricity and drainage Oil fired central heating
FREEHOLD
EPC RATING D
COUNCIL TAX We are informed verbally by the Basingstoke & Deane Borough Council that the property is in tax band 'C'
VIEWING By appointment with Parnell Jordy & Harvey, 5 Winchester Street, Overton RG25 3HR.
FOLIO 18828 MPF26225
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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