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£1,000,000
Bedrooms
Bathrooms
A beautifully presented, seven bedroom converted barn, the main property with three bedrooms and also two self contained 2 bedroom annexes, one detached, situated on the edge of the village of Chiddingly.
Description: - Rowland Gorringe are delighted to be marketing this beautifully presented, Grade II listed barn conversion, situated on Whitesmith Lane on the outskirts of Chiddingly.
The main barn offers over 2600 sq ft of accommodation and offers an abundance of character throughout, from oak beams, to a large vaulted ceiling and large brick built fireplace. The barn is approached via a private driveway offering parking for a large number of vehicles and gives access to the garage, detached two bedroom annex and the main barn.
The barn itself is laid out over two floors, with the majority of the accommodation on the ground floor, and features a kitchen/breakfast room with views over the courtyard, a large open plan living dining room with vaulted ceiling, and views over both the courtyard and access to the rear garden. There are two en-suite double bedrooms, one on the first floor, and a third single bedroom. Finishing up the ground floor there are two further reception rooms, a w/c and a utility room. The attached self contained courtyard annex contains two reception rooms, a galley kitchen, two en-suite bedrooms and a shower room.
Outside, there is a detached, self contained two bedroom annex, with a galley kitchen, large living dining room and two double bedrooms and bathroom. At the front of the annex is a large garage. There is off road parking for multiple vehicles, a sunny private rear garden and a courtyard garden.
The property has functioned as a successful B&B/rental business for many years creating a significant income for the owners, the flexible accommodation provides for a variety of family and commercial usage.
Location: - Situated in the hamlet of Whitesmith within easy reach of the county town of Lewes and town of Uckfield and Eastbourne with their excellent range of shopping facilities, including a variety of supermarkets, schooling for all ages, both private and state and commuter trains to London.
Directions: Proceed out of Uckfield until reaching the A22. Proceed south, through Halland, continue passed East Hoathly and approximately 2.5 miles on the left hand side, you will find Whitesmith Lane. Whitesmith Barn will be found on your right hand side.
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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