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£525,000 Guide Price
Bedrooms
Bathrooms
A delightful three bedroom period cottage with open-plan accommodation discretely tucked away.
Driftwood Cottage is ideally located in the village, tucked away down a private loke but within a short walk of the pubs, cafes and shops and an easy stroll to the beach.
The original part of the property probably dates from the 17th Century (it is not listed), with an extension added in 2012.
The cottage is light, airy and cosy and offers sociable open-plan accommodation comprising; Entrance Hall, Sitting Room, Kitchen/Dining Room, Bedroom with En-suite Shower Room, Family Bathroom, Landing, two Double Bedrooms and a Cloakroom.
There is a sunny courtyard garden with easily-maintained planting; perfect on sunny days when the bifold doors are open or to enjoy on warm, summer evenings.
Ideal as a full-time residence or a second home, the property is very easy to run and is totally lock-up and leave.
HEATING: LPG central heating and two wood-burning stoves.
COUNCIL TAX: Band C.
SERVICES: Mains water, electricity and drainage.
BROADBAND: Ofcom indicate that Ultrafast Broadband is available to the property.
MOBILE COVERAGE: Ofcom indicate that O2 is likely to have voice and data inside the property, EE and Vodafone have limited voice and data and that Three has none.
Ofcom indicate that EE, 02 and Vodafone are likely to have voice and data outside the property but Three has limited voice and data.
AGENTS NOTE: The property is situated in a conservation area.
Cley next the Sea is a beautiful, historic coastal village situated in an Area of Outstanding Natural Beauty (in 2024 it was listed in the Daily Telegraphs top 20 most beautiful villages in Britain). In the 16th century, it was one of the most important ports in the UK, with trading links all over Europe and the architecture in the village reflects this. Today visitors from all over the world still visit and enjoy the pubs, cafes, galleries, the fabulous deli, smokehouse and the world-renowned nature reserve.
Cley is situated right on the coastal path, offering many miles of stunning walks. Cley beach is any easy walk from the village and Blakeney pit is accessible from the harbour by boat or kayak, via the river Glaven. The village has a excellent community spirit, with plenty of events happening throughout the year.
The Georgian town of Holt, 5 miles away, is known for its excellent selection of shops, cafes and galleries and also for Greshams public school for girls and boys. The city of Norwich with a main line to service to London is approximately 26 miles away.
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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