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2 Queens House, Barnstaple, EX32 8HJ
£400,000 Guide Price
Bedrooms
Bathrooms
Reception
Situated on the western outskirts of Barnstaple in a well-established residential area, is a spacious and versatile semi-detached home that has undergone significant renovation to offer extended living space, ideal for a growing or multi-generational family. The property provides 5 to 6 bedrooms and the potential to accommodate two households if desired.
The home benefits from uPVC double glazing and gas-fired central heating, though some general updating and refurbishment would enhance its full potential. The ground floor includes an entrance hall, a dining room with a bay window, a lounge with patio doors opening to the rear, and a timber sitting area. A generous 20-foot kitchen/breakfast room is fitted with a range of units and leads into a large, double-glazed conservatory that brings in plenty of natural light. There is also a spacious ground-floor bedroom with an en suite shower room, making it ideal for a relative or guest accommodation.
Upstairs, the first floor offers five further bedrooms and two fully tiled bathrooms. Outside, the front of the property features a brick-paved driveway providing parking for several vehicles. To the rear is a substantial, three-tier timber decked garden, complemented by gravelled and planted areas, offering plenty of space for outdoor living and entertaining.
This is a substantial family home with great potential, set in a convenient location close to local amenities and transport links.
Barnstaple offers a good choice of National and local retailers, Theatre, Leisure Centre and Cinema. What this area of North Devon is renowned for is its glorious beaches, rugged cliff top scenes and the open wilds of Exmoor.
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.
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