7 bedroom detached for sale

£1,000,000 Guide Price

7

Bedrooms

4

Bathrooms

5

Reception

Floorplan

This fabulous 7 bedroom detached farmhouse is located on the edge of the hamlet of Outwood, a short 10 minute drive from the town of Taunton. Believed to have been constructed in the 16th century with further additions in the 17th and 21st century, creating a wonderful family home in excess of 3,000 square foot. The property benefits from a private setting, with large front and rear gardens of just over an acre. The successful purchaser of this property will also have the option to purchase more acreage up 45 acres surrounding the property, subject to negotiation.The property also comes with a separate one bedroom annexe to the rear of the property, called The Old Hen House.

Entrance Hall/Study
18 8 x 6 7 (5.69m x 2.01m)
Lounge
20 3 x 18 8 (6.18m x 5.69m)
Kitchen/Diner
21 6 x 18 8 (6.56m x 5.69m)
Second Lounge
12 6 x 11 7 (3.8m x 3.53m)
Second Kitchen/Diner
18 8 x 15 9 (Max) (5.7m x 4.79m)
Porch/Cloakroom
7 5 x 6 8 (2.27m x 2.02m)
First Floor Landing
Bedroom One
16 7 x 11 0 (5.06m x 3.36m)
Bedroom Two
16 9 x 6 6 (5.11m x 1.98m)
Bedroom Three
13 5 x 10 2 (4.09m x 3.10m)
Bedroom Four
12 5 x 7 11 (3.78m x 2.41m)
Bathroom
13 4 x 8 6 (4.06m x 2.59m)
Bedroom Five
11 11 x 9 11 (3.64m x 3.02m)
Bedroom Six
11 6 x 6 10 (3.5m x 2.09m)
WC
Bedroom Seven
17 11 x 11 1 (5.45m x 3.39m)
Bathroom
8 7 x 5 7 (2.62m x 1.70m)
Front And Rear Garden
1 Acre
Driveway
Large Driveway For Multiple Cars
Land
Up To 45 Acres Subject To Requirements And Negotiation

Nearest Stations:

1.51 miles
Parson Street
2.04 miles
Bedminster
2.8 miles
Bristol Temple Meads
3.67 miles
Clifton Down
3.67 miles
Lawrence Hill

Map location is not available for this property.

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

£ 818950

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
    £ 25000
  • 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

£ 68950
  • 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

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

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