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3 Bed Barn Conversion House For Sale Plymouth, PL8

£535,000- Barn Conversion

Yield: 1.95%
1 of 15
Yield: 1.95%
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  • Rental Guide: £695 - £870
  • 3 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
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Key Features

  • Three Double Bedroom Converted Barn
  • Two En-suite Bedrooms
  • Large Private Gardens
  • Tucked Away Location
  • Good Size Conservatory
  • Garage & Allocated Parking
  • Study
  • Utility Room
  • Epc Ordered
Last Updated: 6th February 2020

Description

AGENTS COMMENT Desmond & Co are delighted to offer this very nicely presented barn conversion to the market. With flexible accommodation over three floors the property has been lovingly maintained by the vendors for nearly 30 years. Situated in Pool Mill Farm the property is accessed via a lovely sweeping driveway that leads to the parking and garage area.

Upon entering the property you are greeted to a light and airy entrance hallway, to the left is a utility/boot room and to the right is the hall way to the main living accommodation. There is a modern kitchen with a range of matching wall and base units with integrated appliances including a dishwasher and fridge freezer. Opposite the kitchen is the study/ fourth bedroom, a good size room that has built in storage. Very handily placed is a WC that is also accessed via the hallway. The dining area has solid wood flooring and is on a mezzanine level above the lounge. A staircase takes you down to the lounge area which is a good size, but cosy room. Benefiting from a feature fireplace with wood burning stove the lounge gives access to the well proportioned conservatory.

Going back upstairs through the utility room there is a corridor that leads to the master bedroom. A really good size room with views of the gardens and surrounding hills it benefits from a door straight out to the garden and also has an en-suite shower room.

Continuing upstairs again, there are two double bedrooms. Bedroom two also has an en-suite shower room and overlooks the gardens with bedroom three having built in wardrobes. The family bathroom completes the living accommodation.

Externally there is a pretty courtyard to the front and to the rear there is a large garden with various sitting points. Boasting an array of mature trees and shrubs the main garden is laid to lawn and is accessed via a bridge over a stream. There are several, private, patio and decked areas that are perfect for enjoying the summer sun shine and taking in the countryside views. A stone shed/workshop could give extra living accommodation if required but is currently used as storage and workshop.

This wonderful property is in a small, but very friendly community. The vendors have loved the seclusion and peace of area knowing that Plymouth is just a 25 minute drive away and Newton Ferrers a 5 minute drive. 

VIEWINGS To arrange your viewing please call Desmond & Co Estate Agents. 

PLEASE NOTE 1. Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Desmond & Co has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Desmond & Co has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor. 
Agent Details
Desmond & Co
Moorland Avenue, Plympton, Plymouth, PL7 2DA
Show Contact Number
01752 343 172

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
1.6

Forecast Report

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The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current record low interest rates encourage house prices as it encourages people to borrow.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages will lead to steady house price growth.
5

Fiscal Policy

Stamp Duty:
£17800
Lower taxes for this property type will not burden this property type as much leading to potential future price growth.
7

Comparison with other investment alternatives

Investng in this property will give you a slightly better regular return when compared to other conservatve nvestments.
2

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

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Yield: 2.09%
ROCI: 2%
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

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Rental Data
Sorry, there are few recent rental listings in proximity to this property.

3 Bedroom properties in “PL8” are mostly listed between £695 - £870 based on the 3 recent listings found.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested