2 bedroom cottage for sale

£320,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

Offered with no onward chain, a beautifully presented and restored character cottage with numerous individual touches that enhances the living and outside space to provide a wonderful unique home, situated in a quiet sought-after village with off road parking and enclosed private garden with garden room, store shed and terraced seating area, all room have been fitted with electric infra red heating panels and room thermostats. Internal viewing is strongly recommended.

The accommodation briefly comprises: Entrance porch, lobby, sitting room/dining room, kitchen, two bedrooms, shower room/bathroom, off road parking with store shed, garden room with kitchen facilities, decked terrace and further shed.

Accommodation

Entrance Porch - 4 3 x 4 2 (1.31m x 1.28m)
Solid wooden door with glazed panels, underfloor heating, window to side, door to:

Lobby - 5 10 x 3 7 (1.82m x 1.14m)
Built-in storage cupboards, meter cupboard, tiled floor, door to:

Sitting Room/Dining Room - 16 9 x 12 10 (5.14m x 3.95m) inc lobby & staircase
Fireplace with stone lintel housing wood burner, double glazed window with window seat to the front, part panelled walls, built-in storage cupboard and under stairs cupboard, exposed painted ceiling beams, staircase rises to the first floor, electric infra red panel heater, open access to:

Kitchen - 14 5 x 7 3 (4.41m x 2.22m)
Galley style kitchen with oak modern fronted cupboards and Corian work tops and sink, Miele integrated dishwasher and washing machine, Neff 4-ring induction hob and double oven, UPVC double glazed window to the side, electric infra red panel heaters, UPVC double glazed external door to the side.

From the dining area, staircase rises to:

First Floor Landing
Velux window, over stairs shelving, built-in cupboards, access to the loft space.

Shower Room - 6 8 x 5 9 (2.08m x 1.79m)
Modern suite with shower cubicle, fitted with Mira shower, wash hand basin in vanity unit with cupboard below, w.c., heated towel rail, tiled and panelled walls, obscure UPVC double glazed window to the side with slate sill, electric infra red panel heater.

Bedroom 1 - 13 1 x 9 (3.98m x 2.75m) overall
Vaulted ceiling with exposed A frame and ceiling beams, cleverly designed bespoke built-in open clothes storage/hanging rail and shelving, double glazed window to the front with deep sill, electric infra red panel heater, velux window, storage cupboard.

Bedroom 2 - 9 9 x 7 3 (3.01m x 2.22m)
Part timber panelled walls, UPVC double gazed window to the side with deep sill, electric infra red panel heater.

Outside
On the opposite side of the lane there is a hardstanding providing off road parking for two vehicles and access to a store shed measuring 7 12 x 5 6 (2.17m x 1.72m) with power and light, there is further storage including bin store and log store.

A wooden gate from here leads to a delightful private enclosed garden with specimen trees, shrubs and rockery. There is a raised sun terrace creating a wonderful seating/outside dining/entertaining area.

Garden Room - 10 5 x 9 1 (3.22m x 2.76m)
A wonderful room with glazed doors and windows at the rear, electric infra red bar heater.

There is a stone barn with power and light which has been converted into a kitchen area with shelving/cupboards/bar and space for fridge.

Within the garden there is another store/shed/workshop measuring 9 4 x 5 4 (2.88m x 1.66m), with window, light and power and electric fuse box..



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

£ 266700

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
    £ 8000
  • 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

£ 26700
  • 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

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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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