5 bedroom detached for sale

£795,000 Offers over

5

Bedrooms

5

Bathrooms

Floorplan

Butterlaw Farm Steading is a fabulous, 5 bedroom detached converted steading of about 315 Sq m in stunning condition. The property is situated in a quiet rural location, which the current owners ran as a very successful and exclusive Boutique B&B which had a number of celebrity and prominent guests, up until 18 months ago before they retired from the business.

PROPERTY DESCRIPTION

Butterlaw Farm Steading is a wonderful, converted steading which offers bright and well-proportioned accommodation which is predominantly over one floor and has a flexible floor plan that will appeal to a wide range of purchasers. The property is beautifully presented, benefiting from interior design throughout and is finished to a very high standard, with quality finishes including engineered oak flooring, under floor heating, an oil-fired Aga and granite worksurfaces in the kitchen. Most of the rooms connect to the garden grounds and as a result, the house benefits from a light and bright atmosphere.

The property is approached through double timber gates via a sweeping gravel driveway and from here a path leads up to the front door. An impressive reception hall welcomes you into the house and has been tastefully fitted with a range of bespoke shelving. The living room is the principal reception space and is large enough to accommodate both living and dining areas and has a vaulted ceiling. There are French doors giving access to the garden grounds and a wonderful outdoor gazebo, an open fire creating the focal point and access through to the large and impressive family kitchen.

The kitchen is very much the heart of this wonderful home and is fitted with a range of country style units with granite worksurface over. There is an oil-fired Aga, a feature wine cellar and a central island unit, ideal for food preparation. There is sufficient space for both informal dining and living and French doors connect the kitchen to the south facing terrace, ideal for al-fresco dining. Located off the kitchen is a rear hall with a large walk-in pantry, a generous utility room, a shower room and bedroom 5 which is currently being used as a home office.

A staircase from the kitchen leads up to the master bedroom where there is also an en-suite bathroom and dressing room.
Bedrooms 2, 3 and 4 can be accessed from the central hallway. Bedrooms 2 and 4 offer en-suite bathroom, whilst bedroom 3 is services by a separate family bathroom. All the bedrooms are generous double rooms and are beautifully presented.

ACCOMMODATION COMPRISES

Ground Floor - Entrance Hallway/library, Living Room, Dining Kitchen, Rear Hall, Pantry, Utility, Shower Room, Family Bathroom, Bedroom 2 (En-Suite), Bedroom 3, Bedroom 4 (Dressing Room & En-Suite), Bedroom 5 / Home Office.

First Floor - Master Bedroom, En-Suite, Dressing Room

Outside - Large Landscaped Gardens, Attractive South Facing Terrace, Gazebo, Private Driveway.

DISTANCES

Coldstream 4 miles, Swinton 3 miles, Norham 5 miles, Berwick upon Tweed 12miles, Kelso 12 miles, Duns 8 miles, Edinburgh 48 miles, Newcastle 65 miles. (All Distances are Approximate).

AREA INSIGHTS

Butterlaw Farm Steading is situated in a beautiful rural location some three miles north of the historic town of Coldstream, about 8 miles south of the delightful county town of Duns and approximately 13 miles west of Berwick-upon-Tweed with its intercity rail connections to the north and south. The journey by rail from Berwick-upon-Tweed to Edinburgh currently takes approximately 45 minutes, whilst the journey to London takes about 3 hours and 35 minutes.

Edinburgh, with its international airport, is approximately 48 miles to the north-west. Coldstream has a good selection of local shops and services, as do Duns and Kelso, whilst some local services are available in Swinton (2 miles). There is good schooling in the area with primary and secondary schools in Kelso and Duns and excellent primary schools at Swinton and Coldstream.

Longridge Towers, a well-regarded private school, is located just outside Berwick-upon-Tweed. Butterlaw Farm Steading is ideal for those wishing to take advantage of the wealth of recreational opportunities available in the Scottish Borders, an area renowned for its unspoilt beauty, exceptional landscape, strong equestrian tradition and a rich variety of leisure activities. Field Sports are available locally together with salmon and trout fishing on the River Tweed and its tributaries. There are endless opportunities for walking and riding and for the golf enthusiast there are a number of courses in the area including the Roxburghe course at Kelso and The Hirsel in Coldstream.

GENERAL REMARKS

Services
Oil fired central heating.
Drainage to a shared treatment plant.
Mains water and electricity.
Broadband services are available.
Backup diesel generator.

Fixtures and Fittings
All fitted carpets, curtain poles, blinds, light fittings and integrated appliances form part of the sale.

Listing and Conservation
Butterlaw Farm Steading is not listed, nor within a conservation area.



Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 658575

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 19875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

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.

Annual Costs

£ 62325
  • Mortgage Interest
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    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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Total Profit

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  • Cumulative Rental Profit
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