3 bedroom detached for sale

£1,000,000

3

Bedrooms

3

Bathrooms

3

Reception

Floorplan

A fantastic opportunity to acquire a detached family home with successful business attached.This property was built by the current owners in 1990 and benefits from far reaching countryside views, three double bedrooms and a large open plan living area. The 2,400 square foot business premises is a B2 commercial class and is used as a vehicle repair garage and MOT test centre currently, boasting power, heating, insulation and ample parking. Total plot including gardens is 0.56 acres. Call now for more information.

Front
Entrance Hall
With doors to garage, w.c, utility room and kitchen.
W.C
With sink and toilet.
Utility room
With space and plumbing for washing machine and tumble dryer.
Kitchen
18 8 x 9 10 (5.69m x 2.99m)
With Rayburn, oven, hob and double sink.
Dining area
11 10 x 11 9 (3.60m x 3.58m)
With opening to garden room.
Garden room
17 1 x 12 10 (5.20m x 3.91m)
With French doors to garden.
Living room
18 0 x 11 10 (5.48m x 3.60m)
With log burner.
Bedroom 1
13 2 x 11 10 (4.01m x 3.60m)
With two built in cupboards.
Bedroom 2
11 6 x 9 0 (3.50m x 2.74m)
With built in wardrobe.
Bedroom 3
16 4 x 6 2 (4.97m x 1.88m)
With built in cupboard and door to en-suite.
En-suite
Large en-suite shower room with disability adaptations.
Bathroom
With bath, sink and toilet.
Shower room
Wet room.
Double garage
17 8 x 17 10 (5.38m x 5.43m)

Nearest Stations:

15.59 miles
Okehampton
16.95 miles
Gunnislake
17.7 miles
Sampford Courtenay
18.29 miles
Calstock
19.22 miles
Bere Alston

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

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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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