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2 Queens House, Barnstaple, EX32 8HJ
£379,500 Guide Price
Bedrooms
Bathrooms
Reception
Occupying a pleasant position within a well-established residential area, the property lies within easy reach of the centre of Bideford. Glentorr Place was originally constructed as a builders workshop and offices but was converted many years ago to create a very spacious three-bedroom, three-reception room residence with a large adjoining workshop.
The building sits above five lock-up garages with an additional garage adjacent. The agents believe this represents an ideal opportunity for buyers requiring extensive parking and garaging, and it may particularly appeal to motor enthusiasts or those needing substantial storage or workshop space.
The current accommodation briefly comprises an entrance lobby, breakfast room and kitchen, dining room, and a good-sized lounge, together with a further ground-floor bedroom and an en-suite wet room. On the first floor there are two additional bedrooms and a family bathroom.
The adjoining workshop, extending to approximately 1,500 sq ft, benefits from an automated roller door, large sliding doors, as well as light, power, and water supply.
Outside, there is an enclosed paved and gravel garden area. Accessed from Glentor Road are the six garages which sit beneath the property.
Planning consent to convert the building into three residential dwellings was granted in 2004 (Application No. 1/1001/2004/COU). This consent has lasped, however further redevelopment opportunities may be available, subject to obtaining the necessary planning permissions.
The centre of Bideford is within an almost level walk and offers a good range of local and national retailers. The area is renowned for its stunning Atlantic coastline, with the glorious sandy beach at Westward Ho! and the natural beauty of Northam Burrows Country Park nearby.
Map location is not available for this property.
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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