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£489,000
Bedrooms
Bathrooms
* EXCITING POTENTIAL AND RARELY AVAILABLE *
A truly unique 4/5 bedroom characterful house with commercial use and active planning permission to be extended all found within a popular village setting.
Description - Melody House is a deceptively spacious 4/5 bedroom property which is currently used as a successful B&B with a full premises alcohol license if required. Covering just over 2500 square foot the property has plenty of characterful features which include exposed treacle coloured timbers, inglenook fireplace which houses an elegant bottle green stove enamel multi fuel burner, a wood burner and exposed brickwork which also has exciting extension possibilities with active planning permission granted for a one and a half storey extension to the rear.
You enter into the entrance porch which allows access into the spacious sitting room with dining room on your left and the snug on your right. Beyond the dining room is the fully fitted kitchen with door to the rear patio area and access into the inner hallway currently used as the breakfast room. The snug is very cosy and has its own front door for more private use. Continuing through the property you arrive at the integrated annexe which could be used as an office space or fifth bedroom. There is a second rear lobby, ensuite and separate shower room which concludes the ground floor accommodation.
The first floor is accessed from the snug and opens into a long landing. This floor is very well presented with four double bedrooms, each of which having their own ensuite and two of which with baths, built in storage and plenty of charm. At the end of the landing is the staircase which allows access to the loft space with potential for further accommodation (subject to listed to building control).
To the rear is a lovely patio area with an oriental fishpond which is accessed from the property which leads onto a shingled area with additional seating and a shingle pathway allowing access to the rest of the garden. Most of the garden is predominantly laid to lawn with a variety of flowers and shrubs. At the back of the garden is an outbuilding with fully functioning lavatory and separate log store shed.
Location - Great Ryburgh is a popular village with plenty of local amenities which include a Post Office/General Store, pub, fish and chip shop and village hall and St Andrew€™s Church. Nearby Fakenham has further amenities and lies 5 miles North-West whereas Norwich, the capital of Norfolk, lies 22 miles South-East.
Agents Note - More details on the planning permission which has been granted for the one and a half storey extension to the rear can be found on the North Norfolk District Council website with reference: LA/11/0101
Directions - What3Words: ///kicks.blogs.cuddling
Additional Information - Tenure: Freehold
Services: Mains water, electricity and drainage. Oil fired central heating.
Local Authority: North Norfolk District Council
Council Tax: Band C (for residential use)
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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