3 bedroom cottage for sale

£400,000 Guide Price

3

Bedrooms

2

Bathrooms

2

Reception

This property is to be offered for sale by PROPERTY SOLVERS ONLINE CONDITIONAL AUCTION (56-DAY EXCHANGE/COMPLETION).

Bidding opens on 28th February at 12:00 and closes on 5th March at 12:00 with a GUIDE PRICE of 400,000.

Charming 3-Bed Character Cottage with Detached Garage and Idyllic Garden

Nestled within the picturesque and historic village of Wedmore, this enchanting 3-bedroom character cottage is a quintessential example of countryside living at its finest. With its own driveway, detached garage, and a lush private garden, this home offers the perfect blend of modern comforts and rustic charm.

Entrance and Ground Floor

As you approach the property, a welcoming porch sets the scene for the warm and inviting interior. Step through the door, and youll find yourself in the entrance hall, a delightful reception area that beckons you to explore further. Ascend the stairs to the first floor or venture into the spacious sitting room, where a feature fireplace takes centre stage. Natural light streams in through three generously sized windows, bathing the room in a welcoming glow.

Moving through to the fitted breakfast kitchen, youll discover a space that seamlessly combines traditional charm with contemporary convenience. A stable door opens onto the garden, offering an inviting connection to the outdoors. Adjacent to the kitchen is the utility room, complete with a convenient WC for added practicality.

First Floor Retreat

Ascending to the first floor, youll find a hallway leading to three well-appointed bedrooms. Bedroom 2 boasts fitted wardrobes, ensuring ample storage space for your personal treasures. Bedroom 3 offers a cosy and intimate atmosphere, perfect for a childs room, guest room, or home office. The pi"ce de rsistance, however, is the large master bedroom, which comes complete with a dressing room a sanctuary of style and comfort.

At the end of the hall, the family bathroom beckons. Here, you can relax and unwind in a soothing bath or invigorate your senses in the separate shower enclosure, ensuring that your daily routine is tailored to your preference.

Scenic Garden Oasis

Stepping outside, youre greeted by a peaceful garden that feels like a hidden sanctuary. An array of trees, bushes, shrubs, and a well-manicured lawn create an enchanting atmosphere. The garden is perfect for outdoor gatherings, with a delightful patio area for al fresco dining or simply enjoying a morning coffee while listening to the birdsong.

Location

Located in the beautiful and historic village of Wedmore, this home places you at the heart of a thriving community. The village offers a wealth of local amenities, from quaint shops to quality pubs and cafes. Youll find everything you need, from a village shop and post office to a butcher and fishmonger. Medical services are at your doorstep with a doctors surgery and dentist, ensuring your well-being is well taken care of.

Wedmores stunning rural setting provides ample opportunities for outdoor activities, including Wedmore Golf Club on the outskirts of the village. Additionally, excellent transport links to the A38 offer direct routes to Bristol International Airport and the M5 junction 22, making travel convenient and accessible.

In this character cottage, youll discover the perfect harmony of rustic charm, modern comfort, and a vibrant village lifestyle a true gem in the heart of Wedmores idyllic landscape.

More Information

Our enquiry line is open 24/7 and were happy to answer any questions.

56-day conditional auction terms + conditions, AML requirements and fees are available on our website [Google: Property Solvers > Property Auctions (in navigation) > Auction Property for Sale (drop-down)].

The preliminary legal pack can be viewed directly via the auction listing itself. Property Solvers will update the legal pack and inform all parties that express interest in bidding.

For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.

Viewings and Open Days

Viewings are available 7 days a week (including evenings where required).

Notice to Bidders

Please be aware that if your bid is successful on auction day, the Reservation and Processing Fees of 2,550.00 will be taken immediately (if 2% of price is due, additional funds will be taken over the phone). Exchange of contracts must happen after 28 days with the 10% deposit paid. Completion must subsequently happen within the following 28 days.

As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license). For a full list of requirements please see the legal pack documents.

Buyer Reservation Fee

A 2% + VAT (non-refundable) reservation fee and 125 + VAT processing fee will be due from the winning bidder.

Guide and Reserve Prices

Generally speaking 'Guide Prices' are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction.

Virtually every property will be offered subject to a 'Reserve Price' (a figure below which the Property Solvers Auctions cannot sell the property during the auction. We expect the Reserve Price will be set within the guide range or no more than 10% above a single figure Guide Price.

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

£ 332700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 10000
  • 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

£ 32700
  • 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

Adjust these figures

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

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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