5 bedroom house for sale

£495,000 Offers in excess of

5

Bedrooms

3

Bathrooms

3

Reception

Floorplan

Highfield. A fine example of a beautifully presented modern detached home on a private plot of c. 0.2 of an acre with South facing gardens taking full advantage of the rural views. At the heart of the property is a stunning, large, and well-equipped kitchen-diner with central island cooking facilities making it the perfect entertaining space. The triple aspect living room is light and airy with double doors out into the rear garden. The conservatory has tinted roof glass as well as underfloor heating making it a room that is usable all year round. As well as the four bedrooms and two bathrooms upstairs, there is a large double bedroom and shower room on the ground floor and with minimal tweaking to include the utility room this would make an ideal self-contained annex. The current owners have lovingly maintained and continuously updated the property; the latest additions new patio areas as well as electric doors on the double garage. As said this property is a fine example of modern living and nestled on its very private plot in the heart of Merriott will only be fully appreciated once viewed.

The accommodation briefly comprises; entrance porch, entrance hall, living room, large kitchen-diner, conservatory, utility room, double bedroom, and a shower room on the ground floor, with four double bedrooms, the master bedroom has an en-suite shower room, and a family bathroom on the first floor.

Outside a paved driveway provides parking for multiple vehicles as well as access to the propertys double garage. The double garage has power and lights with electric garage doors. Part of the same building at the rear of the garages is a secure, good-sized workshop. The property sits centrally on its plot affording it gardens on all sides. The gardens which are largely lawn, have easily maintained borders which are well stocked with a variety of shrubs, plants, and trees, and are interspersed with a variety of patio and seating areas the largest of which has a stone-built BBQ.

Merriott is a traditional and active village with several shops, including a public house, garage, post office, pharmacy, primary school, church, village hall and playing fields and is only c.9 miles from the centre of Yeovil. The market town of Crewkerne is just over 2 miles south, which offers a good range of amenities including a Waitrose store and a leisure centre with swimming pool and gym. A mainline rail service to London Waterloo is available from the town's station.

Nearest Stations:

2.47 miles
Crewkerne
8.13 miles
Yeovil Junction
8.4 miles
Yeovil Pen Mill
9.5 miles
Thornford
9.76 miles
Yetminster

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

£ 411075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 12375
  • 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

£ 39825
  • 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

Adjust these figures

  %

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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