4 bedroom detached for sale

£537,500

4

Bedrooms

2

Bathrooms

3

Reception

Floorplan

Seasons are delighted to bring to the market Jubilee House, an exceptionally spacious and well presented four bedroom detached property that offers characterful accommodation set in large gardens and with the added potential of holiday let accommodation above the garage. The property is extremely versatile in that its accommodation could suit a variety of uses including multi generational living, large families, those working from home, etc. In brief the current layout provides four bedrooms (one en suite) and a large family bathroom on the first floor whilst the ground floor boasts a large porch, wc, beautifully fitted kitchen/breakfast room, dining room, study (previously used as a fifth bedroom) and an impressive 49 sq m, triple aspect lounge with feature fireplace and doors to the garden. In addition to the main ground floor accommodation there is also an integral workshop/utility room that the current owners also use as a mini gym. Outside there are large gardens that offer a good degree of privacy and are landscaped with areas of lawn, patios, rockery and flower beds. Set within the garden there is a new 20 sq m Scandinavian cabin that lends itself to many uses such as a studio, home office, hobby room etc. To the side of the garden a large drive provides ample parking and leads to a relatively new and spacious double garage. The garage has permission for a second storey above which would be for holiday let accommodation, it cannot be used as an annexe or a permanent residence. A viewing of Jubilee House is strongly advised so as to fully appreciate the size, scope and potential of the property and its gardens.



Accommodation
Ground Floor- kitchen/breakfast room, triple aspect lounge with doors to the garden, dining room, study/home office/bedroom, large porch, cloakroom/wc, utility/workshop/gym.
First Floor - primary bedroom with en suite shower room, three further double bedrooms, family bathroom with bathe and separate shower.

Gardens
The house stands in gardens that total approximately 1/4 of an acre, these are mainly to the rear and sides and offer a good degree of privacy. The lower level adjoining the property is mainly laid to patios with a dwarf cornish stone wall, flower beds and rockeries separating this from the lawns. Set within the lawns there is a new Scandinavian cabin that could lend itself to many uses. The garden boundaries are to fencing and mature hedging. Two garden sheds and greenhouse. Oil storage tank. To the other side of the property there is a large drive that leads to the workshop, entrance porch and the double garage.

Garage and Parking
The double garage has been built in recent years and measures approximately 6.2m wide x 5.5m deep. This has an open roof space and a pair of up and over doors to the front. Power points. Lights. Inverter for solar PV. Fitted cupboards with worksurfaces above. uPVC double glazed pedestrian door to the side.

Windows
uPVC double glazed throughout

Heating
Oil central heating from a Worcester combination boiler situated in the workshop.
4 kw Solar PV (owned) panels on the garage roof that reduce the bills and provide an income. Large multi fuel stove located in the lounge.


Services
Mains water, electricity and drainage.
Fibre broadband is currently connected to the property.

Council Tax
Band D

EPC Rating
D60

Tenure
Freehold

Agents Note
Planning Permission was granted in January 2014 for the construction of a double garage with holiday let accommodation above. The garage has been completed without the holiday let above therefore it should be possible to add this but we would advise those interested to speak to Cornwall Council Planning Department for clarity and confirmation. The original application number was PA13/10236.



Directions
From Looe proceed west towards Polperro. After approximately 2.5 miles take the turning on your right signposted Pelynt. Follow this road and on entering the village, Jubilee House is the second property on your left.

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Notice
IMPORTANT NOTE: Messrs Seasons Estate Agents Ltd for themselves and for the vendors or lessors of this property whose agents they are give notice that: these particulars are set out as a general outline only for the guidance of intended purchasers or lesses, and do not constitute part of, an offer or contract; all descriptions, dimensions, floor plans, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; no person in the employment of Messrs Seasons Estate Agents Ltd has any authority to make or give any representation or warranty whatsoever in relation to this property.

Utilities
Electric: Mains Supply
Gas: None
Water: Mains Supply
Sewerage: Mains Supply
Broadband: None
Telephone: None

Other Items
Heating: Oil Central Heating
Garden/Outside Space: Yes
Parking: Yes
Garage: Yes

New Home: Non New Home

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

£ 446137.5

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
    £ 13437.5
  • 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

£ 43012.5
  • 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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