3 bedroom cottage for sale

£575,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

Much improved character cottage with double garage, shepherds hut, garden room, extensive gardens with stunning views over the Tamar Valley, situated in a quiet rural hamlet, just 5 miles from Tavistock town centre. Internal viewing strongly recommended.

The property briefly comprises: storm porch, entrance hall, sitting room, snug/dining room, kitchen/breakfast room, 3 bedrooms (master ensuite), shower room, double garage/workshop with utility room/cloakroom, garden room, shepherds hut, off road parking, extensive gardens, oil fired central heating.

Townlake is positioned on the Devon side of the River Tamar, less than a mile from Horsebridge, renowned for its popular country public house, The Royal Inn. The current owners have carried out some major improvements during their ownership, some of which include, new oil fired central heating system including boiler, radiators and fuel storage tank, refitting a new shower room and ensuite, installation of new cottage style kitchen, new roof, loft insulation, new porch, erection of garden room and shepherds hut, resurfacing of driveway and fitment of wooden gates.

Accommodation

Open Storm Porch
With tiled entrance, door to:

Hall - 9 2 x 6 10 (2.80m x 2.08m)
Exposed painted wooden ceiling beams, built-in cloaks cupboard, shelving recess, underfloor heating, staircase rises to the first floor, glazed panelled door leads to:

Snug/Dining Area - 12 x 8 8 (3.67m x 2.65m)
Built-in TV cupboard, open access to the sitting room, underfloor heating, double glazed window and external door leads to the rear courtyard and gardens.

Sitting Room - 18 5 x 12 4 (5.61m x 3.76m)
Double glazed windows to the front and rear with deep sills, exposed ceiling beams, fireplace with tiled hearth housing woodburning stove, two radiators.

Kitchen/Breakfast Room - 18 7 x 8 8 (5.67m x 2.65m)
Cottage style fitted kitchen with range of cupboards, Belfast sink with mixer tap, oak worktops, integrated fridge and dishwasher, Belling range style LPG cooker with LPG hob and electric oven, exposed ceiling beams, underfloor heating, double glazed window to the front with deep sill enjoying views over the Tamar Valley, 3 further double glazed windows to the side elevation and double glazed window to the rear.

From the hall, staircase rises to:

First Floor Landing
A spacious landing with access to the part boarded loft, radiator, built-in cupboard with hanging rail and shelving, double glazed window to the rear.

Master Bedroom - 15 9 x 13 6 (4.80m x 4.12m)
Double glazed window to the front with Tamar Valley views, airing cupboard with slatted shelving and radiator, period fireplace (not used), radiator, door to:

Ensuite Shower Room - 7 11 x 3 11 (2.41m x 1.19m)
Fully tiled shower cubicle, wash hand basin on pedestal with cupboard below, low level w.c., heated towel rail and electric shavers point, extractor fan, double glazed window to the rear.

Bedroom 3/Study - 12 6 x 8 11 (3.82m x 2.73m) reducing to 4 6 (1.38m)
Please note irregular shaped room. Double glazed window to the front enjoying views over the Tamar Valley, radiator.

Bedroom 2 - 11 7 x 8 10 (3.53m x 2.70m) (exc door recess)
Double glazed window to the front with deep sill and views, further double glazed window to side, radiator, shelved recess.

Shower Room - 6 8 x 5 11 (2.04m x 1.80m)
Tiled shower cubicle, wash hand basin on wooden pedestal with shelving below, low level w.c., radiator, extractor fan, double glazed window to the rear.

Outside
Double wooden gates open onto a gravelled drive leading to the parking area with access to the double garage/workshop. A paved path provides access to the entrance door. A wooden gate to the side of the property leads to an enclosed courtyard with a paved terrace area, where the oil fired boiler is located. Steps provide access to the elevated garden and there is access to:

Double Garage/Workshop - 20 5 x 19 2 (6.23m x 5.83m)
With workbench, strip lights, power points, wooden door, double glazed window to the side, access to:

Utility Room/W.C. - 6 6 x 6 (1.97m x 1.84m)
With sink unit, space and plumbing for automatic washing machine and tumble dryer, wall mounted cupboards, strip light and garden w.c.

From the courtyard, steps lead up to the large, elevated sloping garden with stunning views over the neighbouring countryside and Tamar Valley. The garden has mature hedges, a variety of specimen trees and shrubs, pond, decked seating and garden shed.

There is a delightful garden room and shepherds hut which are both fully insulated and provide all year round use situated at the top of the garden.

Garden Room - 16 7 x 8 (5.06m x 2.44m)
with vaulted ceiling, oak floor, wood burner, electric radiator, double oak doors to the front and side with spectacular views, Wi-Fi and TV connection points.

Shepherds Hut - 14 10 x 6 11 (4.51m x 2.11m)
With stable door, windows to the front, rear and side, which also take full advantage of the stunning views. There is a raised bed, a kitchen area with sink and 2-ring hob and cloakroom with sink and w.c.

Council Tax Band: A

Super-fast Broadband

Local Authority: West Devon Borough Council

Directions: what3words.///lizard.systems.breaches.



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

£ 477075

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
    £ 14375
  • 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

£ 45825
  • 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

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