4 bedroom barn conversion for sale

£1,000,000 Offers over

4

Bedrooms

1

Bathrooms

Floorplan

REF: ZACOL

Black Barn, Hadnock Road, Monmouthshire

**DETACHED**BARN CONVERSION**FOUR BEDROOMS**DETACHED ANNEXE**UTILITY**OUTBUILDINGS**FIVE CAR GARAGE**GATED DRIVEWAY**SUPERB VIEWS**

Positioned at the bottom of a quiet lane, yet only minutes from the centre of Monmouth, this impressive barn conversion is ideally located in a picturesque setting with the local amenities of Monmouth on the doorstep. The old market town of Monmouth has a bustling high street with charming cafes, restaurants and gift shops along with well-known retailers such as Waitrose and Marks & Spencer. Sitting on the border of Wales and England, the road links to the A40 allow for easy commuting while the rural position is perfect for those wishing to enjoy outdoor pursuits with incredible countryside walks surrounding, and the River Wye bordering the properties five acres.

Welcomed into an impressive open plan kitchen, dining room and cosy sitting room, this property has been converted by the current owners to create a wonderful home, reconfigured with family living and entertaining in mind. The bespoke kitchen was made in Brecon to a superb standard, with pippy oak wall and base units, pewter handles and incredibly unique granite worktops. The kitchen benefits from a range of integrated appliances to include a double Belfast sink, a large electric €˜Stoves€™ hob, two dishwashers and space for a double fridge/freezer. A custom made moveable central island in-keeping with the surrounding units is a great feature, along with under unit LED lighting. Slate flooring runs throughout the ground floor, complimented by solid oak doors. Entering into the initial reception space, a double storey ceiling creates a wonderful impact, with a glass balcony exposed from the landing. A double-sided log burning fire from the kitchen folds through to the living room, benefiting both rooms. The living room has ample space for seating, a useful store cupboard and the oak staircase leading to the first floor. From the kitchen, there is a practical boot room, utility and downstairs cloakroom. The utility is fitted with a range of Wren wall and base units, with a sink and an overhead skylight. Rear access from the boot room leads outside to the gardens, outbuildings and detached annexe. A gated tarmac driveway provides extensive parking to the fore, with a five-bay garage providing space for several vehicles or heavy machinery. There are two outbuildings, one acting as a plant room for the heating systems and the other a workshop. The property has a fantastic eco-friendly biomass log pallet boiler, creating a closed carbon cycle, which provides not only the hot water for the property, but also the under-floor heating throughout, with seven discount zones, including all bedrooms. The barn also has a bore hole for water supply and a sewage treatment plant.

To the first floor there are four bedrooms, all of which are double. The principal benefits from an ensuite shower room and a walk-in wardrobe, while the family bathroom from the landing has a bath suite. The property allows plenty of natural light into each space with great use of windows and skylights.

The detached annexe, or €˜Cart Shed€™ as the current owners like to call it, has two bedrooms, one of which is double and the other a comfortable single, with two fitted single beds, beautifully utilising space. There is an open plan kitchen, dining and living room, with travertine Mandarin Stone flooring running throughout and sliding doors opening to the gardens, takin in the spectacular views. Similarly, to the main house, the annexe has a log burning fireplace, while the kitchen has a range of sleek wall and base units, and integrated appliances to include a fridge/freezer, double oven, five-ring Bosch gas hob and a dishwasher. The Cart Shed lends itself to being a superb holiday let or Airbnb, detached from the main property. The annexe has attractive wood cladding to the exterior with a slate roof, black out blinds to the bedrooms and a smoke alarm system, linked to main barn. There is a wet room and two storage cupboards from the inner hallway, one accommodating a washing machine. All on one level, the annexe has been designed to be wheelchair sympathetic, with wider doors.

Surrounded by nature and wildlife, the property incorporates a range of natural materials, tastefully juxtaposed by the modern styling with large glass windows and up to date fixtures and fittings. From the kitchen, there is a large patio for entertaining in summer months, and gravel beyond. The gardens wrap around the property, allowing space for allotments or a small freeholding with roughly 5.32 acres of land. The Peregrine footpath runs just beyond the gated driveway of the property offering a 3-mile cycle and footpath to Symonds Yat.

Local Authority: Monmouthshire County Council

All services and mains water are connected to the property.

Measurements:
Main Barn
Kitchen/Diner: 9.5m x 5.7m
WC: 1.4m x 0.9m
Utility: 2.1m x 2.2m
Living Room: 6.2m x 5.7m
Bedroom 1: 4.4m x 3.5m
Ensuite: 1.7m x 2.1m
Walk-in Wardrobe: 2.7m x 2.1m
Bedroom 2: 4.5m x 2.1m
Bedroom 3: 5.2m x 2.1m
Bedroom 4: 4.3m x 2.1m
Bathroom: 1.8m x 2.1m
Annexe
Lounge/Diner: 3.5m x 7.2m
Bedroom 5: 3.5m x 3.6m
Bedroom 6: 2.4m x 2.5m
Wet Room: 0.9m x 2.0m
Outbuildings
Plant Room: 4.6m x 4.1m
Workshop: 4.6m x 4.8m
Garage: 12.1m x 12.9m

Please enquire to book an appointment REF: ZACOL

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

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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
    £ 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

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£

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
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    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)
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  • Letting Fee
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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

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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
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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