Lake View Rise, South Trew, Highampton, Beaworthy, DEVON, EX21 5JG Lake View Rise, South Trew, Highampton, Beaworthy, DEVON, EX21 5JG

Property Details

Type Status Location Sub Location Price 64,995 No. Bedrooms1

Property Description

THE OWNERS OWN THE FREEHOLD OF THE PROPERTY, together with part share of the leasehold of the grounds. Twelve months occupancy is permitted, the only restriction being that it is not the owners main residence.

The annual fee each owner pays to the management company for their services is approximately £249 per annum.

Each owner also pays the utilities and other costs via the management company, as they negotiate on the owner’s behalf to get the best rates rates for electric, pool maintenance etc as listed below. Please note that there is no gas on site (thus no gas bill!!)

The only other cost is personal electricity, contents insurance and TV licence. “The Bolthole” is currently classed as a small business, as the owners let it out all year, so it’s zero rated for council tax.

September 2018: The property has just been totally decorated inside and out, with a new oven installed (receipts are on file). New suffixes, gutters and new decking have also been put in place.

INVESTMENT OPPORTUNITY: The current owners also rent the property for holiday lets. The gross income has been between £8,000 to £10,000 per annum. This is a minimum figure as they have turned down bookings to enable them to use the property themselves.

SITE AMENITIES:

SWIMMING POOL An indoor heated swimming pool with maximum depth of 1.75 metres which also incorporates showers in the changing rooms.

LAUNDRY ROOM – Two Coin Operated Washing Machines & Tumble Dryer

FISHING LAKE A well stocked coarse fishing lake. The lake offers free use for all residents and guests.

PLAY AREA A well maintained outdoor play area for children with direct access onto the Ruby Way providing a safe track for walking and riding.

ANNUAL MAINTENANCE CHARGE: Please Enquire.

SERVICES Mains water and electricity. Private drainage. WiFi Broadband.

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