'Thatched Cottage' is a enchanting period detached cottage, believed to be built in the 1750's offering 1500sqft of modern living with vintage charm situated within 0.25 of an acre gardens. This unique country cottage boasts attractive accommodation benefiting from gas central heating and uPVC double glazing and has been significantly improved by the present owner who has lived in the property in excess of 18 years. This property benefits from a wealth of character features including beamed ceilings and expose brick chimney breast. In brief, the desirable accommodation comprises; entrance porch, vestibule, a spacious lounge, a dining room, a well-proportioned open plan dining kitchen which opens into a handy storage room and a wc/utility room. To the first floor there are two generously sized bedrooms, main bedroom having a en-suite shower and a three piece family bathroom. Second floor loft conversion provides the two further bedrooms. Externally, as mentioned, without doubt one of the main attracting features of this property is the beautiful gardens of over 0.25 of an acre and garaging for 5 cars provided by a double garage, triple carport and a large workshop/garage also having driveway parking for up to 6 cars a car enthusiast dream. The well stocked gardens are mature with a variety of garden shrubs, bushes and trees and whilst plentiful, easily maintainable at the same time. A STUNNING FAMILY COTTAGE IN A CONVIENT LOCATION..
Tenure : Freehold
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
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.
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.
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.
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
Firstly, let’s begin with a few details about you
