4 bedroom detached for sale

£999,950

4

Bedrooms

Floorplan

Set within a secluded cul-de-sac location, this glorious 1800s barn conversion which previously belonged to the adjacent farmhouse of Lavender Farm. The property is one of six charming properties and has been converted to a detached four bedroom family home with generous accommodation throughout. Arranged over four floors, the ground floor is entered via a welcoming hallway with original ceiling beams which are found throughout the property. The living room, measuring 124 x 110, has a cast iron wood/coal burning stove with a brick surround creating a cosy feel. Adjacent to this room, there is an additional living area which makes the ideal study/office space. The large country style kitchen, which measures 1010 x 217, has a range of wooden wall & base units, a range cooker inset into a brick surround and leads to the separate utility room which gives direct access to the dining room, measuring 131 x 1411, and a glorious sun room. There is also a generous conservatory which is perfect for entertaining. To the first floor there are three bedrooms, the master bedroom measures 109 x 21 offering an en suite, fitted wardrobes and double-glazed French doors to a Juliette balcony enjoying stunning views across the fields. In addition, the third bedroom has a fully tiled shower room and there is a large family bathroom with a freestanding bath tub. The second floor comprises a double bedroom, measuring 143 x 244, with a freestanding bath tub, a modern en suite and a separate dressing room. The property has a useful basement level which has been transformed into a wonderful home cinema. Enjoying the sun all day and splendid rural views, the easily maintained rear garden backs onto open fields with a paved patio area, raised decking, a small laid to lawn section, a swimming pool and a pool house. To the front of the property, there is a paviour driveway and a double garage providing ample off-road parking for multiple vehicles.
Within a short walk of the delightful Pegwell Bay and opposite St Augustines golf course, the quiet village of Cliffsend is located within a catchment area for highly rated primary and secondary schools. In close proximity to the new Thanet Parkway train station and, only a short distance from Ramsgate Mainline Railway Station which provides high speed rail links into London and the Cathedral City of Canterbury. Once complete, Parkway Railway Station will only be five minutes away, also giving easy access to London. The coastal town of Ramsgate has a historic marina and waterfront, with a cosmopolitan vibe and plenty of independent shops, cafes and restaurants.

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

£ 818906.25

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 24998.75
  • 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

£ 68943.75
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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

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  • 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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