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£1,200,000 Guide Price
Bedrooms
Bathrooms
Situated within a glorious plot of approx. 7.5 acres benefitting from paddocks, stables and sand school, is this beautiful three bedroom, three bathroom contemporary barn converted in 2019 providing bright and spacious accommodation enjoying open plan spaces and vaulted ceilings.
Description: - This spectacular modern contemporary barn conversion completed in 2019 is offered to the market with the pleasure of enjoying a large plot of approximately 7.5 acres consisting of a secure gated driveway, enclosed formal garden and patio, sand school, large open fronted garage/agricultural store, stables and a number of paddocks. The bright and spacious property enjoys vaulted ceilings throughout comprising a large open plan kitchen/dining/living room, three double bedrooms and three bathrooms.
The main entrance allows light to flood in thanks to the glass double doors in to an entrance hall with w/c located to side. From here doors open to a long and bright central hallway with high vaulted ceiling and Velux windows. A master bedroom suite is located at the far end benefitting from large proportions, a dressing area, and leading to an impressive en-suite bathroom with separate shower. The property also offers two further double bedrooms, one of which also enjoys a walk-in wardrobe and en-suite shower room, whilst the other is served by a family bathroom. The most inviting open-plan kitchen/living/dining room is arranged at the rear of the property enjoying a tumbled limestone floor, vaulted ceilings, and two sets of bi-folding doors opening to the formal garden and patio with views across the paddocks.
Outside the extensive plot of approximately 7.5 acres is first approached via a secure gated driveway that leads to an area of parking for several vehicles. A large open fronted garage/agricultural store is a great feature and provides extensive storage for vehicles/agricultural machinery. Located at the entrance of the driveway is a fantastic enclosed sand school, and to the rear are a number of paddocks and an area of wild garden also having been used as a practice motocross track. The property benefits from having three stables, a feed room and tack room well located for access. The more formal garden enjoys an impressive, large patio and decking area with a raised Koi pond leading to a flat lawned area overlooking the paddocks.
EPC - D (Calor Gas)
Council Tax Band - G
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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