4 bedroom detached for sale

£560,000 Guide Price

4

Bedrooms

2

Bathrooms

2

Reception

Floorplan

AUCTION END DATE IS THURSDAY 13th MARCH AT 13:00PM
NEW PRICE NOW Auction Guide Price 560,000
''CHARMING CONVERTED CHURCH''DETACHED FOUR BED PROPERTY''THREE RECEPTION ROOMS''KITCHEN/DINER''UTILITY AND CLOAKROOM''PRIMARY EN-SUITE AND LARGE FAMILY BATHROOM''LARGE PLOT AND GARDENS''AMPLE OFF ROAD PARKING''

The property is offered for sale through the Modern Method of Auction which is operated by Iamsold Limited. For sale, a truly unique and exquisitely converted detached church, majestically established on Church Lane in Coedkernew, nestled between the vibrant cities of Cardiff and Newport. This characterful property is precisely built on a large plot and is enveloped by tranquil, rural surroundings, ensuring a peaceful lifestyle.

The property boasts four generously proportioned bedrooms, three of which are doubles, with the master suite benefitting from an en-suite. The fourth bedroom is a comfortable single room, providing flexibility for use as a guest room or home office.

The heart of this home is undoubtedly the kitchen, offering a utility room and ample dining space, perfect for family meals or entertaining guests. The property further benefits from three distinct reception rooms. The first is a cosy haven, complete with a functional fireplace for those chillier nights. The second reception room offers an open-plan layout, providing a seamless flow throughout the property. The third reception room is currently used as a study, creating an ideal workspace for those working from home.

A luxurious bathroom serves the property, featuring a free-standing bath and a walk-in shower, offering a spa-like retreat after a long day.

One of the many unique attributes of this property is the wealth of original features it retains, including high ceilings that add a sense of grandeur and spaciousness to the rooms. The beautiful view of the surrounding countryside can be enjoyed from multiple rooms throughout the property.

Further enhancing the appeal of this home is the private gated driveway, offering ample parking. The property stands on a large plot, with expansive gardens ready for the new owners to make their own.

This converted church is an excellent choice for families seeking an extraordinary home with a unique blend of traditional charm and modern comfort, not to mention superb transport links.

We have been advised by the seller the following details pertaining to this property. We would encourage any interested parties to seek legal advice to confirm such details prior to purchase.

Council Tax Band - G
Tenure - Freehold

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, IAMSOLD Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of 6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with IAMSOLD and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of 300 including VAT towards the preparation cost of the pack, where it has been provided by IAMSOLD. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
We have been advised by the seller the following details pertaining to this property. We would encourage any interested parties to seek legal advice to confirm such details prior to purchase.
This property is for sale by Modern Method of Auction powered by IAMSOLD LTD - Starting Bid 560,000 plus Reservation Fee


Porch
Living Room
17 9 x 23 4 (5.4m x 7.12m)
Excluding Fireplace
Reception Room
21 4 x 23 5 (6.51m x 7.15m)
Kitchen/Diner
14 7 x 18 6 (4.45m x 5.63m)
Study
11 11 x 9 9 (3.62m x 2.97m)
Utility room
6 1 x 11 6 (1.86m x 3.5m)
WC
4 7 x 3 5 (1.4m x 1.03m)
Landing
Bedroom 1
17 9 x 18 1 (5.4m x 5.5m)
En-suite
8 2 x 8 8 (2.5m x 2.65m)
Bedroom 2
21 4 x 10 7 (6.51m x 3.22m)
Bedroom 3
10 3 x 9 10 (3.13m x 3m)
Bedroom 4
7 3 x 10 0 (2.21m x 3.05m)

Bathroom
10 3 x 11 7 (3.13m x 3.54m)
Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, IAMSOLD Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of 6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with IAMSOLD and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.


Features
  • Freehold

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

£ 464700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 14000
  • 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

Adjust these figures

£

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

£ 44700
  • Mortgage Interest
    £

    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)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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