3 bedroom detached bungalow for sale

£475,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

LOCATION Ideford is a quintessential Devon village nestled in the rolling countryside between Newton Abbot and the coastal town of Teignmouth. This charming rural community offers residents a peaceful way of life while maintaining excellent connections to nearby amenities.

The village retains its traditional character with historic stone cottages, a parish church, and a strong community spirit. Surrounded by verdant farmland and woodland, Ideford provides idyllic countryside living with beautiful walking routes and breath-taking views across the Teign Valley.

Despite its tranquil setting, the village benefits from proximity to Newton Abbot (approximately 4 miles) for comprehensive shopping, dining and transport links, while the beautiful South Devon coastline is just a short drive away. The A380, providing connections to Exeter and Torquay, is easily accessible, making Ideford an ideal location for those seeking rural charm without sacrificing convenience.

DESCRIPTION Nestled in the picturesque village of Ideford, this detached bungalow presents an excellent opportunity for modernisation and enhancement. Set beneath a traditional tiled roof, the property offers tremendous potential with its substantial 0.7 acre plot and desirable countryside setting.

The property features three bedrooms, and two reception rooms, garage, car port and parking. Particularly noteworthy is the expansive garden that extends beyond the rear of the property, accessed over a stream crossing and in to an orchard.

Colleybrook is perfect for those seeking a renovation project with tremendous potential in a rural location, viewing is highly recommended to appreciate the possibilities this unique property presents.

The spacious LOUNGE offers a central stone fireplace and wall-mounted electric heater. Sliding patio doors provide access to the CONSERVATORY extension, which runs alongside the lounge, with a further door leading back to the DINING ROOM.

The KITCHEN sits to the front of the house and has a fitted kitchen, with scope for modernisation.

There are three good sized BEDROOMS, one with an outlook to the rear with some lovely views and the other two with windows to the front elevation.

There is also a SHOWER ROOM with large walk in shower with glazed screen and electric shower, sink set in to a vanity unit and WC.

OUTSIDE The outside space at Collleybrook adds much to the property and of particular note is the 0.7 acre paddock and orchard, accessed across the stream to the rear.

There is a range of storage outside as well as a timber shed, greenhouse and garden room

To the front of the property is a sloping driveway, carport and GARAGE with roller shutter door.

KEY FACTS FOR BUYERS ENURE - Freehold. - The property and adjacent orchard are held on two Title Deeds. .

COUNCIL TAX BAND - D

EPC - E

SERVICES
The property has mains electricity, water and drainage.

BROADBAND
Fibre to the Cabinet/part fibre Broadband is available but for more information please click on the following link -Open Reach Broadband

MOBILE COVERAGE
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VIEWINGS Strictly by appointment with the award winning estate agents, Sawdye & Harris, at their Teign Valley Office - Email -

If there is any point, which is of particular importance to you with regard to this property then we advise you to contact us to check this and the availability and make an appointment to view before travelling any distance

PLEASE NOTE To comply with UK Anti Money Laundering legislation, we are required to complete ID verification checks on all sellers and buyers and to apply ongoing monitoring until the transaction ends. Whilst this is the responsibility of Sawdye & Harris, we may use the services of an external AML to verify Clients identity and there is a non-refundable charge of 20 per person. This is not a credit check so it will have no effect on your credit history.

For clarification we wish to inform prospective purchasers that we have prepared these sales particulars as a general guide. We have not carried out a detailed survey, nor tested the services, appliances and specific fittings. Items shown in photographs are not necessarily included. Room sizes should not be relied upon for carpets and furnishings, if there are important matters which are likely to affect your decision to buy, please contact us before viewing the property.

We may refer buyers and sellers through our conveyancing panel. It is your decision whether you choose to use this service. Should you decide to use any of these services that we may receive an average referral fee of 100 for recommending you to them. As we provide a regular supply of work, you benefit from a competitive price on a no purchase, no fee basis. (excluding disbursements).

We also refer buyers and sellers to our mortgage broker. It is your decision whether you choose to use their services. Should you decide to use any of their services you should be aware that we would receive an average referral fee of up 250 from them for recommending you to them.

You are not under any obligation to use the services of any of the recommended providers, though should you accept our recommendation the provider is expected to pay us the corresponding Referral Fee.

Map location is not available for this property.

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

£ 394575

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
    £ 11875
  • 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

£ 38325
  • 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

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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

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  %

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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