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£400,000 Guide Price
Bedrooms
Bathrooms
Delightful Grade II Listed Duke of Bedford cottage situated in a rural Tamar Valley hamlet with wonderful south facing extensive gardens, outbuildings and parking located within easy access of open countryside.
The property briefly comprises: Sitting room, kitchen/dining room, side lobby, ground floor shower room, three first floor bedrooms and bathroom, outbuildings including water filtration system, store/workroom and stone sheds, extensive gardens and parking. Internal viewing is strongly recommended.
Accommodation
Storm Porch
With stable door leading to:
Sitting Room - 18 3 x 11 11 (5.56m x 3.62m)
Fireplace with multi-fuel stove, windows to the front, rear and side elevations, exposed ceiling beams, built-in cupboard housing electric meter/fuse box.
Kitchen/Dining Room - 18 3 x 12 2 (5.56m x 3.70m) max inc staircase
Fitted with a range of Pine bespoke units and cupboards, wooden worktops, double bowl sink unit with mixer taps, fireplace with granite lintel with open fire grate and former range (not working/used), windows to the front, rear and side elevations, exposed ceiling beams, cupboard with space and plumbing for dishwasher, staircase rises to the first floor.
Side Lobby - 7 x 5 1 (2.14m x 1.54m)
Space and plumbing for automatic washing machine, space for fridge/freezer, tiled floor, window to the front overlooking the garden, vaulted ceiling, external door to the side of the cottage, further door to:
Shower Room
Fitted with wall mounted wash hand basin, low level w.c., tiled floor and Mira electric shower.
From the kitchen/dining room, staircase rises to:
First Floor
Access to loft.
Bedroom 1 - 12 2 x 10 (3.70m x 3.05m)
Window to the front overlooking the garden, fitted wardrobe.
Bedroom 2 - 11 1 x 8 2 (3.38m x 2.49m)
Window to the rear, period fireplace (not used).
Bedroom 3 - 11 11 x 6 8 (3.62m x 2.02m) extending to 8 11 (2.71m) max
Irregular shaped room with window to the front overlooking the garden.
Bathroom
Fitted with panelled bath with Mira electric shower over, pedestal wash hand basin and low level w.c., window to the rear, airing cupboard with slatted shelving.
Outside
The property is approached via a shared driveway with the neighbouring cottage and leads to a hard standing which is located to the rear of the cottage, this is currently used to store a caravan, there is an additional parking area also located at the rear. There are two useful stone sheds and further building housing the filter system for the private water supply and wooden constructed workroom/shed which measures 11 8 x 7 8 (3.55m x 2.34m) with wash hand basin, water, light and power supply .
Located at the rear, steps lead up to a slightly elevated garden with specimen shrubs and plants, soft fruit trees, large greenhouse and timber shed with the rear boundary bordering open farmland.
The principal area of garden is located at the front of the property, which is south facing and boasts a woodland outlook. The garden is well stocked with wide variety of mature well-established plants, shrubs and trees. There are areas of informal grass/lawns and includes a delightful sun terrace/seating area.
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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