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£750,000 Guide Price
Bedrooms
Bathrooms
A brick & flint detached bungalow built c. 2003 with gardens of 0.62 acre in a rural setting surrounded by undulating farmland.
A detached brick & flint-faced bungalow constructed c. 2003
Rural setting with undulating farmland all around
Entrance Hall
Sitting Room
Garden Room
Dining Room opening to
AGA Kitchen
Utility Room
Principal Bedroom with En Suite
Three further Bedrooms
Shower Room
Double Garage and Hardstanding
Gardens of 0.62 acre
Timber-framed construction
SHAMMER is a rural hamlet that lies between North Creake (1.5 miles), Stanhoe (1.7 miles) and Burnham Market (2.5 miles).
Burnham Market is one of Norfolks most sought-after addresses; a large, thriving village with handsome, principally Georgian, properties set around a grassy Market Place also known as the Green.
The village offers a varied selection of traditional shops and hostelries with barely a high street chain in sight. There are award-winning restaurants, cafes and a deli, a fishmongers, butchers, a sweet shop and an excellent wine merchant.
The village lies about a mile inland from the North Norfolk coast, an Area of Outstanding Natural Beauty, famed for mile upon mile of sandy beaches and never-ending skies. The nearby villages of Burnham Overy Staithe and Brancaster Staithe offer natural harbours and amenities for sailors which, along with links golf courses at Brancaster (The Royal West Norfolk) and Old Hunstanton, as well as jump racing at Fakenham, are some of the leisure pursuits in the region.
There is a mainline railway connection to London Kings Cross in 97 minutes from Kings Lynn (21 miles).
HEATING: Oil-fired underfloor central heating.
COUNCIL TAX: Band F.
SERVICES: Mains electricity and water. Drainage to a septic tank.
BROADBAND: Ofcom state that Standard broadband is available at the property. We understand that Satellite broadband is installed at the property.
MOBILE COVERAGE: Ofcom state that EE, O2, Three and Vodafone are all likely to provide voice and data outside the property with limited voice and data available inside the property.
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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