3 bedroom end of terrace for sale

£295,000

3

Bedrooms

1

Bathrooms

Floorplan

We are delighted to present this charming character property, full of original features, featuring 3 bedrooms, two reception rooms and private parking, all within a short walk of Tavistock town. The home exudes charm with its original flagstone flooring, traditional doors, an open fire in the lounge and a separate Dining/Breakfast Room overlooking the garden. It also boasts a well-stocked cottage garden with rear access to a valuable private parking space, Inside, youll find three bedrooms, including a master with an ensuite complete with a WC and hand basin, as well as two generously sized single bedrooms. This property is a must-see!

The accommodation comprises of:

Entrance Hallway: Half glazed front door to hall with flagstone flooring

Lounge: Generously proportioned sitting room with feature open plan fireplace with slate hearth and timber surround. The sash window has a window seat which adds to the character of the room.

Dining Room/Study: This room overlooks the garden with and has useful understairs storage.

Landing: First floor split level landing with access to loft space, large storage cupboard and skylight window.

Master Bedroom with en-suite: Multi-panelled sash window to the front with window seat and range of original built in storage cupboards. The ensuite offers white sanitary ware comprising of a wc and handbasin.

Bedroom Two: Characterful beams to room with casement window overlooking garden with window seat. Large build in over the stairs storage cupboard.

Bedroom Three: Multi-paned sash window to front with built in single wardrobe.

Family Bathroom: Skylight window and feature fireplace recess. White sanitaryware comprising bath with overhead shower, basin and wc. Stripped floorboards.

Outside: To the front, the cottage opens out onto Bannawell Street. The rear garden can be accessed from the kitchen or from a gate at the bottom of the garden which leads to the private parking on Lakeside. The garden has a large decked area adjacent to the kitchen which leads through a rustic archway with steps to a paved courtyard with pond and a wooden chalet and woodstore. The garden enjoys a good degree of privacy and is fully enclosed.

Directions:

From our Estate Agency on West Street, head directly north on King Street. At he junction, bear left up along Bannawell Street and the property is found on your right.

Agents note:

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

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

£ 246075

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
    £ 7375
  • 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

£ 24825
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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.

£

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
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    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

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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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