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58 High Street, Shropshire, TF13 6AE
£565,000 OIRO
Bedrooms
Bathrooms
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This is an unparalleled opportunity to purchase a very special, detached, three/four bedroom property in a spectacular setting. Nested on Wenlock Edge, at one of the highest points of the picturesque village of Homer, this property boasts truly breathtaking views, covering the Wrekin, the Stretton Hills, across the Shrewsbury plain, and onto the Welsh borders.
Spacious and utterly peaceful, the property is approached by a drive with parking for several cars, and flanked by a large mature garden and lawn. There is a detached double garage, with one of the spaces currently being used by the owner as a workshop. The property has a further cottage-style garden and lawns to the rear, and a terraced vegetable and cutting flower garden to the side, crowned by a suntrap decking area which makes the very best of the breathtaking views.
With most of the property on a single level, this house provides genuinely flexible living and would suit a family, upsizers, or downsizers. The ground room (bedroom 4) and shower room adds endless possibility. The homeowner currently uses this as a second living space and reading room but it boasts its own front door and, whilst accessible from the main house by a single flight of internal stairs, it can be completely separated should you so wish and would be perfect for independent living for an older relative or teenager.
Otherwise the property has a lovely flow, with a wide central corridor feeding the three main floor bedrooms (all good doubles, one with an en-suite). This corridor benefits from glass doors with access to the rear garden, ensuring its very light and airy. The farmhouse-style kitchen and pantry, and the extensive open plan living and dining room make this a great house for entertaining.
The current owners have remodelled, renovated and improved the property significantly over the last seven years and it genuinely needs to be viewed as to fully appreciate.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
58 High Street, Shropshire, TF13 6AE
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