6 bedroom detached for sale

£2,000,000 Guide Price

6

Bedrooms

4

Bathrooms

Floorplan

A meticulously and empathetically converted Grade II Listed Barn quietly situated on the outskirts of Rushlake Green in an area of outstanding natural beauty with beautiful open views to Normans Bay. This stunning five bedroom 16th Century Barn has been carefully crafted by the present owners to preserve its heritage by showcasing the wealth of exposed beams and vaulted ceilings within an open floorplan design.

With the added benefit of a self-contained ground floor one bedroom Annexe, garaging for four vehicles with home office over and delightful gardens of just under four acres, this highly versatile family home offers the opportunity for multi-generational living and/or home and income. For an appointment to view please contact our Heathfield or Lewes office.

DESCRIPTION:

A meticulously and empathetically converted Grade II Listed Barn quietly situated on the outskirts of Rushlake Green, in an area of outstanding natural beauty with beautiful open views to Normans Bay. Purported to date back to the early 16th Century, this stunning five bedroom Barn has been carefully crafted by the present owners to preserve its heritage by showcasing the wealth of exposed beams and vaulted ceilings within an open floorplan design. With the added benefit of a self-contained ground floor one bedroom Annexe, garaging for four vehicles with home office over and delightful gardens of just under four acres, this highly versatile family home offers the opportunity for multi-generational living and/or home and income.

Finished to an incredibly high standard with hand crafted and bespoke furniture and fitments and benefitting from underfloor heating throughout the ground floor, the spacious accommodation comprises Reception Hall with Cotswold stone floor, under stairs storage cupboard; Cloakroom with high level WC, vanity unit with inset hand wash basin; solid oak fully glazed double doors into the large open plan Living/Dining/Kitchen area with large, welcoming wood burner, and stunning vaulted ceiling. This adaptable, multi-purpose family area is cleverly defined using only the large oak pillars and by furniture placement. Centre stage is the stunning bespoke Neptune Kitchen with a large central island of solid oak units with a one-piece granite worktop over, two integrated dishwashers beneath, breakfast bar to one end and inset double Butler€™s sink, electric 5-oven Aga with hot plate add-on, integrated microwave, freestanding space for fridge/freezer, range of under counter oak cupboards and deep drawers, fitted storage cupboard, Cotswold stone floor; Utility Room with sink unit, under counter space for washing machine and tumble dryer, fitted storage cupboard; Pantry with shelving and base units, space for free standing fridge, French doors onto terrace, door to inner hall giving access to the self-contained Annexe and outside; Ground Floor Principal Bedroom with access to inner hall and Kitchen area, exposed beams, fitted cupboard housing boiler and water tank, en suite Bathroom with panel bath with shower over, low level WC, pedestal hand wash basin. Door from Reception Hall into the magnificent triple aspect Drawing Room with feature stone and brick inglenook fireplace with inset large wood burning stove, vaulted ceiling, hand-built brick Bar with solid elm surface, small kitchenette with wash basin and shelving.

The first floor accommodation is approached via an oak staircase to Landing with access to the insulated and part boarded Loft space with fitted ladder, electric light and power. Fire-proof glass enclosed Bedroom 3 with double aspect; Primary First Floor Bedroom with skylight windows, en suite Bathroom with free standing roll top bath, fitted walk-in shower, vanity unit with inset double basins, low level WC, heated towel rail, Amtico floor tiles; Bedroom 2 with skylight windows; Bedroom 4 with built-in cupboard, roof light window; Family Bathroom with panel bath, large walk-in fully tiled shower, pedestal hand wash basin, low level WC, heated towel rail, Amtico floor tiles.

The attached beautifully finished self-contained ground floor Annexe comprises an open plan Sitting/Dining area with well fitted Kitchenette to one side, French windows onto a small terrace, and a double Bedroom with en suite Bathroom. The Annexe is linked to the main Barn via an Inner Hall with a solid oak door giving access to the garden and secure gravel parking area with a five-bar gate.

Mains water and electricity. Private drainage. Oil fired central heating serving under floor heating to the ground floor and panel radiators to the first floor. Fireproof doors to all areas leading to the Kitchen. All solid walls plastered to €˜Chapel Finish€™. The Annexe has electric panel radiators and water heating unit. Wealden District Council Tax Band G.

Outside:
There is a timber clad garage block to the side of the property with garaging for up to four vehicles, a workshop and extensive storage facilities, all with electric light and power. Above, there is also a fully insulated loft space currently used as a home office with the potential to convert into further living accommodation subject to the various approvals being granted.

With stunning open views, the mature and well stocked private gardens extend to approximately four acres, and include a private fishing lake with Rudd, Bream, Tench and Roach, surrounded by large expanses of lawn with mature planting backing onto the fenced meadow. There is a vegetable garden with raised beds to one side and timber garden sheds. Al fresco dining can be enjoyed from one of the many paved patio areas created to capture the views.


LOCATION:

Iwood Lane Barn is situated on the edge of the much favoured village of Rushlake Green with its general store and village pub. The village is only four miles from the old market town of Heathfield with its comprehensive range of shops including three major supermarkets. The historic town of Battle with its main line railway station (London - Charing Cross) is approximately 9 miles distant, whilst the coast at Cooden is approximately 13 miles.



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

£ 1703950

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
    £ 50000
  • 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

£ 203950
  • 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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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
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  • 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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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

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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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Final Property Value

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