3 bedroom detached bungalow for sale

£549,995

3

Bedrooms

2

Bathrooms

2

Reception

Floorplan

A fantastic opportunity to acquire a spacious three bedroom, 2 reception room detached bungalow situated in a peaceful & private location, set 1.5 acres of gardens with an additional 2.5 acre paddock beyond. Positioned just over 1 mile from the sought after village of Exbourne and just 4 miles from the thriving town of Okehampton, this versatile property offers 3 good-sized bedrooms served by an en-suite shower room and family bathroom, a kitchen with larder store, utility room, two out houses, a sitting room and a fabulous open plan living room having dual aspect full length windows and large sliding doors allowing a stunning outlook over the gardens. Further benefits include uPVC double glazed windows & doors, modern oil fired central heating a good-sized open fronted workshop (previously stables) further outbuilding storage and plenty of private parking for several cars and/or leisure vehicles. Private, tucked away property situated within this most sought after area of Mid Devon is very rare to the market and Howes Estates recommends an urgent internal inspection to avoid disappointment.



Features
  • Freehold


Property additional info

Entrance: 3.61mx4.67m
Stable type door, slate tiled floor, two outhouse storage rooms.
Size: 3.61m x 4.67m (l-shaped) (11'10" x 15'3" (l-shaped

Utility Room: 2.36m x 1.34m
Space & plumbing for a washing machine and window.
Size: 2.36m x 1.34m (7'8" x 4'4")

Kitchen: 3.30m x 3.03m
Fitted wall/base storage cupboards & drawers, granite work surfaces, inset Butler sink with mixer tap, walk in larder store, space & point for range type cooker, space for white goods, exposed wood floorboards, radiator and uPVC double glazed window.
Size: 3.30m x 3.03m (10'9" x 9'11")

Inner Lobby: 3.80m x 3.25m
Fitted carpet, radiator, built in airing cupboard, internal window and telephone point.
Size: 3.80m x 3.25m (12'5" x 10'7")

Sitting Room: 4.57m x 3.95m
Fitted carpet, uPVC double glazed window, internal window, fireplace with wood burner and radiator.
Size: 4.57m x 3.95m (14'11" x 12'11")

Living Room: 7.92m x 5.81m
Wood laminate floor, dual aspect full length uPVC double glazed windows & large sliding patio doors, fitted storage cupboards and centre island with breakfast bar, work surface areas, inset stainless steel sink/drainer with mixer tap set beneath a uPVC double glazed window, radiator and television point.
Size: 7.92m x 5.81m (25'11" x 19'0")

Bedroom One: 4.10m x 2.45m
Fitted carpet, uPVC double glazed window and radiator.
Size: 4.10m x 2.45m (13'5" x 8'0")

En-Suite:
Fully tiled shower cubicle with electric shower, wash hand basin, low level w.c, tiled floor, art tiled walls, radiator and uPVC double glazed window.

Bedroom Two: 4.55m x 3.34m
Exposed wood floor, open fire place, uPVC double glazed window and radiator.
Size: 4.55m x 3.34m (14'11" x 10'11")

Bedroom Three: 3.55m x 3.03m
Exposed wood floor, radiator and uPVC double glazed window.
Size: 3.55m x 3.03m (11'7" x 9'11")

Bathroom: 2.06m x 2.00m
Tiled panelled bath with electric shower over & glazed shower screen, low level w.c, wash hand basin, radiator, obscured glass window, tiled floor and part tiled walls.
Size: 2.06m x 2.00m (6'9" x 6'6")

Gardens:
The property is centred around approximately 1.5 acres of private and peaceful gardens being mainly level laid lawns with mature border areas and hedge-lined with a plethora of mature trees. Further features various outside stores and a large decked patio from the living room providing the perfect spot for summer entertaining or alfresco dining.

Paddock:
Located at the rear of the gardens, being approximately 2.5 acres in size, fully stock proofed with access via a track from the road. The paddock is currently split into two areas and has water connected.

Workshop/Stables: 6.16m x 3.58m
Currently open fronted and used as a work shop, however this could easily be converted back to stabling if required.
Size: 6.16m x 3.58m (20'2" x 11'8")

Services:
Mains Water Private Drainage Mains Electricity

Tenure:
Freehold

Consumer Protection from Unfair Trading Regulation:
As the sellers agents we are not surveyors or conveyancing experts & as such we cannot & do not comment on the condition of the property, any apparatus, equipment, fixtures and fittings, or services or issues relating to the title or other legal issues that may affect the property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions. You are advised to check the availability of any property before travelling any distance to view.

Viewing:
To make an appointment to view this property please contact Howes Estates on 01837 83393 or email [email protected]

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

£ 456445.875

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
    £ 13749.875
  • 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

£ 43949.625
  • 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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