2 moreton park road

£375,000 Guide Price

4

Bedrooms

2

Bathrooms

3

Reception

Floorplan

This beautiful property sits on a large plot with generous accommodation and a lovely rear garden. The house offers a large Sitting room, a gorgeous Dining room, a stylish "Zen" room with an adjoining contemporary wet room. The first floor has 3 Bedrooms with a 4th Bedroom/Study downstairs and a family Bathroom. There are great views from the first floor and the property is well presented throughout. The location of the property is brilliant for the local secondary school, Bideford Town Centre and the Affinity Devon Shopping Centre. Other amenities nearby are the coastal towns of Appledore, Westward Ho! and Northam, which are all fantastic places if you love the outdoor lifestyle!




Features
  • Freehold


Property additional info

Porch: 5' 7" x 4' 4" (1.70m x 1.32m)
UPVC Double glazed door, tiled floor.

Entrance hall:
Glass panelled entrance door, stairs to first floor, large understairs cupboard. Radiator, wood effect laminate flooring.

Lounge: 16' 8" x 11' 10" (5.08m x 3.61m)
UPVC Double glazed window with beautiful views over the garden. marble fireplace with coal effect gas fire. Radiator, archway through to the sitting room.

Sitting Room: 12' 7" x 9' 0" (3.84m x 2.74m)
UPVC Double glazed bay window, radiator.

Dining Room: 15' 6" x 12' 0" (4.72m x 3.66m)
UPVC Double glazed window overlooking the garden. Radiator, wooden flooring with French doors leading through to the Sun Room.

Sun Room: 10' 6" x 6' 3" (3.20m x 1.91m)
A beautiful relaxing space that the owner likes to call her "Zen Room" UPVC double glazed French doors to the garden. A roof light that allows plenty of natural light. Radiator, tiled flooring and sliding door to the Wet Room.

Wet Room: 5' 11" x 3' 7" (1.80m x 1.09m)
UPVC obscure double glazed window. Wall mounted shower with rainforest head and hand shower attachment. Vanity wash hand basin and W.C. Heated towel rail, extractor fan.

Kitchen/Breakfast Room: 11' 10" x 10' 0" (3.61m x 3.05m)
UPVC Double glazed window which overlooks the front garden. A range of maple effect wall units with a stainless steel sink unit, granite effect worktop with drawers and cupboards below. Built in 4 ring hob with extractor hood, built in electric double oven. Integrated dishwasher, integrated fridge. Matching granite effect breakfast bar with wall cupboards above. Glass panelled door to side porch.

Side Porch:
A cupboard housing the gas boiler which feeds the central heating and hot water. Shelving, tiled flooring. UPVC double glazed door to the side of the property. Opening to Utility

Utility room:
UPVC Double glazed window. Wooden worktop with inset sink and mixer tap. Storage cupboards above, with space below for washing machine. Tiled flooring.

Study/Bedroom 4: 12' 7" x 9' 0" (3.84m x 2.74m)
UPVC Double glazed bay window with views to the front garden. Radiator, fitted carpet.

First floor landing:
Access to loft space, fitted carpet.

Bedroom 1: 15' 0" x 12' 3" (4.57m x 3.73m)
UPVC Double glazed window. It has the potential to incorporate an En-suite shower room. Two large eaves storage cupboards. Vanity wash hand basin with cupboards below. Radiator, fitted carpet.

Bedroom 2: 15' 0" x 10' 3" (4.57m x 3.12m)
UPVC Double glazed window, eaves storage cupboard, radiator and fitted carpet.

Bedroom 3: 11' 7" x 9' 0" (3.53m x 2.74m)
UPVC Double glazed window overlooking the rear garden. Radiator, fitted carpet.

Bathroom: 8' x 6' (2.44m x 1.83m)
UPVC obscure double glazed window. White suite comprising of a panelled bath with an electric shower, pedestal wash hand basin and W.C. Fully tiled walls, wall mounted electric heater, radiator.

Outside:
Gates open to a large private driveway that leads to a detached double garage and adjoining workshop, there is also a beautiful patio area to the side. The rear garden is a great space with a contemporary patio to sit out and relax and look over the lawned garden. The garden has a variety of mature hedges and shrub borders with an additional decking area that would be perfect for a Hot Tub.

Detached Double Garage: 17' 0" x 16' 0" (5.18m x 4.88m)
With an electric roller door. Power and light connected.

Adjoining Workshop: 8' 0" x 6' 0" (2.44m x 1.83m)
UPVC Double glazed window. Power and light connected.

Services:
Mains water, electricity, gas and drainage connected.

EPC:
Band D

Council Tax:
Band D Please note council tax bandings can be reassessed after a change of ownership, for further information please contact the local authority.

Tenure:
Freehold

Viewings:
By appointment through Woolliams Property Services. Telephone: Office Hours 01271 328586 Out of Office Hours: 07977 269098 or www.woolliamspropertyservices.com

Nearest Stations:

7.94 miles
Barnstaple
8.56 miles
Chapelton
10.47 miles
Umberleigh
12.49 miles
Portsmouth Arms
14.84 miles
King's Nympton

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

£ 312075

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
    £ 9375
  • 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

£ 30825
  • 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

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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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