Bungalow for sale, 44 Rosecraddoc, Liskeard, Cornwall

The bungalow has double-glazed windows throughout, is smartly decorated and all carpets have been replaced within the last two years. The sale includes all furnishings and fittings, ‘except for one or two personal items’ that will be made clear by the vendor before the sale is agreed. Although the present owners have used it only as a family retreat for week-ends/holidays, this bungalow offers the opportunity of combining the pleasures of a 'second home' with a small letting business that will more than 'pay the bills' and could become a useful investment.

The owners are looking for a private sale at £42,500.

Please note that properties at Rosecraddoc Lodge CANNOT be used for long lets or residential use. See further notes at the bottom of this page.

The Location:

Rosecraddoc is situated on the foothills of Bodmin Moor and the site is set within an area of farmland, on level grounds in a sheltered river valley. The Environment Agency place the valley in the LOW risk category for flooding; important information for insurers. The site is approximately 7 acres and contains fifty such bungalows, purpose built in the 1970’s, along the original manor house driveway. All the bungalows are traditionally built of double concrete block with cavity and rendered under a tiled pitched roof with solid floors. These are NOT mobile homes. By design, the site offers a peaceful environment, consisting of grass areas and woodland shrubs, mainly rhododendron. There is a pub/restaurant nearby, but no nightclub. An excellent swimming pool and leisure centre is just 5 minutes away. This is a ‘get away from it all’ place, yet within easy reach of beaches and other holiday attractions. Looe is the nearest coastal resort, 13 miles away.

The bungalow comprises:

Entry through the front door into an open-plan lounge/diner with a full size three-piece suit, dining table and four chairs and a wall unit for storage. Also included is the Nicam television, DVD player, CD/radio player and standard lamp.

This room is heated with a Night Storage heater (Economy 7).

The kitchen is equipped with a full size, four ring cooker, a microwave oven and a washing machine.

The sale also includes all kitchen utensils, crockery, cutlery, glasses etc. as well as a hoover, an iron and ironing board.

Bedroom 1 - Includes a double bed, bedside cabinet and chest of drawers as well as a TV with DVD player.

Bedroom 2 (Pictured) - includes twin single beds, bedside cabinet and TV.

Both bedrooms are equipped with wall-mounted electric heaters.

The sale includes all bed-linen.

The bathroom includes a low-level w/c, wash basin and bath with an overhead shower.

The bungalow also benefits from both cavity-wall insulation and loft insulation.

Outside: Full unrestricted access to communal gardens. Patio with furniture to rear. Single, allocated parking space nearby. Rotary clothes line.

Notes:

The bungalow enjoys the remainder of a 99 year lease which started in January 1973.

Ground rent is payable in advance in January each year. This is reviewed every five years and is index-linked. The ground rent for 2007 was £453.**

Planning regulations dictate that bungalows at Rosecraddoc Lodge are NOT for residential purposes. They further dictate that ‘long lets’ are not permitted, the maximum period being 31 days per let. Occupancy is not allowed between 7^th January and 1^st March each year. As such, potential buyers should note that it will not be possible to purchase using a ‘buy-to-let’ mortgage.

The bungalow is served by mains electricity and water. Water rate for 2008/9 is £222.38.

It is also worth remembering that a T.V. License will be required.

The bungalow is presently registered for Council Tax, Band A, with Caradon District Council and benefits from a 10% reduction. The cost for 2006/7 was therefore reduced to £677. It may be possible for the buyer to register the property for Non-domestic rates (not council tax) if it is to be available for letting. In which case, it may also be possible to qualify for ‘small business rate relief’, bringing the 2006/7 payment down to just over £300. (Based on figures for No. 14 Rosecraddoc Lodge, registered under this system.)

Each leaseholder is charged in arrears for ground maintenance on site. This is shared equally between the 50 bungalows and for 2007 was £720.97.**

**Payment of 2008 ground rent and 2008 ground maintenance should be ‘apportioned’ between the present leaseholder and the new leaseholder, according to the agreed date of sale. Water rates and non-domestic rate/council tax will be apportioned by the relevant authorities.

The bungalow is presently insured, both buildings and contents, as well as for holiday lettings (including employee’s insurance) for a premium of £138 for this year. Of course, the new owner will need to make his/her own appropriate insurance arrangements.

Return to other bungalows for sale