6 bedroom detached for sale

£875,000

6

Bedrooms

2

Bathrooms

Floorplan

Description:

Offering a fantastic opportunity to purchase a renovated character property with separate detached annex in grounds of approx. 1.5 acres with large double garage/workshop, further storage sheds, orchard, paddock and gardens. The main house was originally the Old Forge and offers three/four bedrooms (vaulted Master Bedroom), a large open plan Kitchen/Dining Room, two further reception rooms and a Shower Room with separate toilet. The 'Dartmoor Linhay' Annex (Air BnB potential) offers a detached, two bedroom house (the main bedroom with balcony looking over the gardens) with Kitchen, Lounge and Shower Room. QExternally, the property offers a generous timber framed double garage with workshop and parking for multiple vehicles. The gardens are divided into a paddock, an orchard and general gardens with large patio with granite and gravelled features. This complete complex offers huge potential for multi-generational living and/or rental income.

The Old Forge has been renovated to offer an attractive 3/4 bedroom property built of Devon stone with character features throughout. The character of the main property is immediately evident from the attractive entrance porch with pitched slate roof, slate flooring and original internal porch benches to the solid oak front door. The Entrance Reception Room is laid with parquet flooring and has painted ceiling beams, a feature open fire surround with dwarf cupboard to the side and a picture window overlooking the side of the property. Adjacent to the Entrance Reception Room is a Shower room and separate w.c. From the Inner Hallway, stairs lead down to the Kitchen/Dining Room which has two separate doors that provide access to the rear gardens. The kitchen area is defined by a peninsula island and fitted with a range of base units topped with tiled work surfaces. A brickwork fireplace with a wooden mantel houses a multifuel Rayburn, which provides the propertys heating. The Kitchen is also fitted with a ceramic hob and electric oven for convenience and plumbing for a washing machine and dishwasher. To the rear of the Kitchen is Reception Two which is currently used as a Lounge and has a feature brickwork fireplace with woodburning stove, dual aspect windows, beamed ceiling and composite door providing access to the rear garden.

The upstairs accommodation comprises of a Master Bedroom (limited head-height) with solid wood flooring that extends through a dressing area into the main bedroom. Both the dressing room area and main bedroom area benefit from a dual aspect with dormer windows providing views of the gardens and across the countryside. Bedrooms Two and Three are generous double bedrooms and Bedroom Four is currently arranged as a Dressing/Storage room.

The Dartmoor Linhay has both its own access from the main driveway and/or across the paved courtyard from the Old Forge. From the patio entrance, the property is entered via an attractive oak porch canopy into the main entrance lobby with access to the fully tiled Shower Room fitted with a large rectangular shower enclosure, handbasin and w.c. The kitchen is fitted with a range of base and wall units, stainless steel sink, space for a fridge/freezer with an oil fired Aga. There is an additional integrated hob and single electric oven, stainless steel sink and has a tiled floor and is open plan into the Lounge/Dining Room. The living area offers views across the garden from triple aspect windows and access to the main driveway via a composite door.

The upstairs accommodation comprises of two double bedrooms; the Main Bedroom with velux window has double French doors that lead out onto a decked balcony that overlooks the gardens and orchard and Bedroom Two with window overlooking the courtyard has the benefit of an inbuilt wardrobe.

Externally the whole plot extends to approximately 1.5 acres which is subtly divided into three main areas; a paddock with large wooden storage shed and further galvanised storage shed, an orchard and the main gardens. To the front and rear of the of the property are traditional Devon Stone walls which also feature around the courtyard and granite feature gardens. The gravelled driveway parking provides parking for multiple vehicles (with allocated parking for the Linhay) and there is a large timber framed garage/workshop.

Situation: The Old Forge and The Dartmoor Linhay are located in the semi-rural location of Samford Spiney, a small hamlet located on the outskirts of Horrabridge in the Walkham Valley. Open moorland is accessible within 200 metres of the property and the villages of Horrabridge and Walkhampton provide close local amenities including Public Houses and a Village Store. Further amenities are located in the popular village of Yelverton which is located within 3 miles which provides a Doctors surgery, chemist, butchers and public transport links to Plymouth, Okehampton and the surrounding areas.

Accommodation:

Main House: The Old Forge

Entrance Porch:Leading to:-

Entrance Reception Room: (4.43m x 3.54m - 146' x 117') Leading in from the entrance porch, the room features a classic parquet floor and a wooden-surround fireplace with a feature pine mantel, creating a focal point for the room.

Family Bathroom: (2.74m x 2.32m - 90' x 77') A spacious family bathroom fitted with an integral quadrant corner shower, bath and washbasin.

Cloakroom:Separate white WC with tiled flooring with opaque glazed window.

Kitchen/Dining Room: (6.40m x 4.00m - 210' x 131') A spacious family room incorporating space for a dining table. The kitchen area is defined by a peninsula island and fitted with a range of base units topped with tiled work surfaces. A brickwork fireplace with a wooden mantel houses a multifuel Rayburn, which provides the propertys heating. Fitted with a ceramic hob and electric oven for convenience and plumbing for washing machine and dishwasher.

Reception Two: (4.12m x 3.40m - 136' x 112') Reception two which is currently used as a Lounge has a feature brickwork fireplace with woodburning stove, dual aspect windows, beamed ceiling and composite door providing access to the rear garden.

Upstairs accommodation:

Master Bedroom: (7.50m x 3.63m - 247'x 1111') The Master Bedroom (limited head-height) with solid wood flooring that extends through a dressing area into the main bedroom. Both the dressing room area and main bedroom area benefit from a dual aspect with dormer windows providing views of the gardens and across the countryside.

Bedroom Two: (3.64m x 2.77m - 1111' x 91') Bedroom Two is a spacious double room with views across open countryside.

Bedroom Three: (3.99m x 2.45m - 131' x 80') Bedroom Three is a spacious double bedroom overlooking the rear garden.

Bedroom Four: (2.82m x 1.52m - 93' x 50') Bedroom Four is currently arranged as a Dressing/Storage room with wall to wall wardrobes.

The Dartmoor Linhay accommodation:

Shower Room: (2.67m x 1.33m - 89' x 44') Floor ceiling tiling with white sanitaryware.

Kitchen: (3.20m x 2.63m - 106' x 88') The kitchen is fitted with a range of base and wall units, stainless steel sink, space for a fridge/freezer with an oil fired Aga. There is an additional integrated hob and single electric oven, stainless steel sink and has a tiled floor.

Lounge/Dining Room: (4.90m x 3.35m - 161' x 110') The living area has triple aspect windows which offer views across the gardens.

Bedroom One: (4.88m x 3.36m - 160' x 110') Spacious double bedroom with French doors leading to balcony area that overlooks the rear garden.

Bedroom Two: (3.46m x 3.35m - 114' x 110') Double bedroom with built-in storage overlooking the courtyard garden.

External: The Old Forge and Dartmoor Linhay sit within approximately 1 acre of grounds and garden.

Double Garage: (6.32m x 5.87m x 209' x 193')

Wooden Shed: size not specified

Metal Container Shed: size not specified

EPC: TBC

Council Tax:

Services: Mains electric, LPG gas, septic tank

What3Words: ///workbench.asking.weeknight

Agents Notes: Fixtures, fittings, appliances or any building services referred to does not imply that they are in working order or have been tested by us. The suitability and working condition of these items and services is the responsibility of purchasers.



Features
  • Freehold

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

£ 724575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 21875
  • 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

£ 68325
  • 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

Adjust these figures

  %
  %
£
  %

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

Adjust these figures

  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Please enter a valid UK mobile number (e.g. 07123456789 or +447123456789)

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message