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£240,000
Bedrooms
Bathrooms
A 4 bedroom detached holiday home situated within the popular Finlake Resort and Spa on the edge of Dartmoor National Park, with its array of facilities and services including Fitness Centre, Spa Complex, indoor and outdoor heated pools, launderette, licensed restaurant, caf/shop, with extensive outside seating/dining areas. In addition, there are childrens play areas, fishing lakes, woodland walks and access to on-site local riding stables. Easy access to the A38 Exeter to Plymouth, a short drive to local shops at Chudleigh and approximately 20 minutes from the coast.
The accommodation internally comprises an open plan lounge/dining room/kitchen, 4 bedrooms, 2 of which have an en-suite, and there is a separate family bathroom. The property benefits from LPG gas central heating, allocated parking and comes fully furnished to a very high standard with TVs in all the rooms. There is a spa, large veranda and good open outlook over the surrounding area.
Viewing is highly recommended for those seeking a holiday home or a property that can be lived in 11 months of the year, or investment opportunity.
The property is practically brand new
AGENTS NOTE
Pitch Fees: 9550 (2025)
Electricity: 575.30 (2024)
Gas: 175.04 (2024)
Refuse/General Rates: 249.00 (2024-25)
Water: 579.92 (2024-25)
Sewerage: 268.29 (2024/25)
DISCLAIMER:-
These particulars have been prepared with care and every endeavour has been made to describe the property fairly and accurately although this cannot be guaranteed. They do not constitute part or all of an offer or contract. The measurements are supplied for guidance purposes only and prospective purchasers are advised to double check them before incurring any expense which is reliant upon their accuracy. We have not tested any apparatus, equipment, fixtures, fittings or services and purchasers must satisfy themselves as to their working condition. Further the Agents have not sought to verify legal title of the property and purchasers must obtain the relevant information from their Solicitors. Under the Money Laundering Regulations purchasers will at a later stage be asked to provide identification documents. In order to make sure there is no delay in agreeing a sale, we would ask for cooperation.
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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