3 bedroom cottage for sale

£550,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

This most attractive three bedroom country cottage is nestled in this small Cornish hamlet close to Bodmin Moor. The River Lynher passes nearby and beyond lays the Tamar Valley and Dartmoor. The current owners have made considerable improvements to the property. Situated just down the road from the cottage is an attractive pond which is mentioned in the Dooms Day book, stocked with swans, ducks, and a colony of peacocks. The property has a wealth of charm and character throughout but still retains its heritage. The property sits in a wonderful environment with garden and is perfect for those seeking peace and solitude, but not isolation. Freehold, Council Tax Band D, EPC F 30

Porch - Double aspect double glazed windows facing the rear and side aspects . Radiator, tiled flooring, built-in storage cupboard, exposed stone, beamed ceiling and wall lights.

Study - 3.2 x 2.3 (105' x 76') - Double doors with panelled glazing leading onto the garden, radiator, wood effect laminate flooring, beam ceiling and ceiling light.

Living Room/Dining Room - 6.2 x 4.2 (204' x 139') - A spacious lounge diner with raised area with space for a dining table. Double glazed windows with leaded glass to the front aspect and feature stained glass window to the rear aspect.. Feature fire place with Granite mantle and inset wood burner, wood effect laminate flooring, exposed stone work, beam ceiling (which are reclaimed ship timbers)
Stairs lead to the first floor landing, radiators and ceiling light.

Kitchen / Breakfast Room - 4.2 x 3.8 (139' x 125') - A delightful modern farmhouse style kitchen yet retaining much of its character. Benefitting from a range of matching base, drawer and wall units, wooden work tops, with under cupboard lighting, one and a half bowl sink with mixer tap and tiled splash backs, oil fired AGA which also supplies heating for the property, space for fridge freezer and built in dishwasher.
The kitchen has the original stone flooring, exposed beamed ceiling, exposed stone work, feature wooden door into lounge with feature stained glass panel. Triple ceiling lights, windows to the rear and side aspects and opening to the Conservatory.

Conservatory - 5.2 x 2.2 (170' x 72' ) - Double glazed uPVC windows and sliding doors to the rear overlooking the garden. Exposed stonework and terracotta style tiled flooring.

Bathroom - 3.0 x 2.9 (910' x 96') - A fully refurbished bathroom comprising matching white suite of, low level Wc, free standing bath, shower cubicle with shower over, vanity sink unit with storage below, part tiled walls, heated chrome and enamel towel rail, and tiled flooring.

Bedroom - 3.7 x 3.6 (121' x 119') - Double glazed window to the front aspect with window seat, carpeted flooring, fitted wardrobes, chimney breast, exposed beamed ceiling and ceiling light.

En- Suite - Low level Wc, wall mounted sink, tiled splash backs, vinyl flooring and ceiling light.

Bedroom - 4.4 x 2.7 (145' x 810') - Double glazed window to the front aspect with window seat, fitted carpeted flooring, exposed beamed ceiling and ceiling light.

Bedroom - 3.5 x 2.5 (115' x 82') - Double glazed window facing the front and window seat, radiator, carpeted flooring, built-in storage cupboard housing water tank and central heating pump switch, beamed ceiling, ceiling light.

Outside - The rear garden benefits from an area mainly laid to lawn with a mix of mature shrubs and bushes, with two storage sheds, one benefits from light and power.
To the side of the property lies an area of paddock which measures approximately 0.9 acre offering delightful views and amazing sunsets.
This would also be perfect for those wishing to keep a pony or similar.
Off road parking is available for 3/4 cars.



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

£ 456450

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
    £ 13750
  • 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

£ 43950
  • 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.

£

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
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    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.

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