3 bedroom barn conversion for sale

£625,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

This well configured and beautifully presented barn offers spacious accommodation across two floors. The large entrance hall, with a staircase up to a galleried landing, has doors leading off to the living room, kitchen and ground floor WC. The living room has a gas wood effect stove in the inglenook fireplace and views over farmland. A door leads to the dining room with French windows giving access to the enclosed and well-kept garden. The kitchen breakfast room has fitted units, an island unit, a range style cooker, integrated dishwasher and water softener. Doors lead into the dining room, hall, garden and garage, which comes with a utility space with fitted units at one end, Vaillant gas combi boiler and a boarded loft.On the first floor youll view the vaulted ceiling with an impressive array of exposed beams and timbers with access to a spacious part-boarded loft and doors leading to the three good size double bedrooms. All bedrooms have built-in double wardrobes and feature extensive exposed beams to really give that period ambience. The family bathroom has a bath and shower cubicle and the principal bedroom has an en-suite shower room. Externally there are gardens front and back, both offering a sunny aspect. The front garden has fruit trees, raised beds and plentiful parking on a shingled driveway. The enclosed well-kept back garden has a sunny terrace, small lawn and corner shed/summer house.It will be a wrench for our vendors to leave their beautiful home as theyve enjoyed the last 24 years living here, especially village life, farmland views, tranquillity and excellent access to a wealth of local amenities including the nearby Gibsons farm shop which sells local produce.In the heart of the village youll find places to eat and drink, a local store, newsagents and a bakery. The bus route runs to the Cathedral City of Canterbury and Market town of Sandwich.If walking is your thing and you own a dog, youll be spoilt for choice with countryside on the doorstep. There is a railway station in the nearby village of Adisham, under 2 miles away, approximately 4 minutes drive. Call now to arrange your appointment to view and fully appreciate just whats on offer here.Viewings strictly by appointment.
NOTE: The property benefits from being on mains drainage & has mains gas & water supply. Barn converted into Five dwellings in the 1990s.


Features
  • Freehold

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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

£ 518325

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
    £ 15625
  • 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

£ 49575
  • 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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  • Letting Fee
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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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  • Final Equity Profit
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    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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Final Property Value

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Notes

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