2 bedroom barn conversion for sale

£499,950 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

A beautifully presented and maintained two bedroom Grade II listed converted barn in a private leafy setting within walking distance of the coast.

Grade II Listed barn circa 1800 sympathetically converted in the early 1990s.

Situated within walking distance of village amenities, Cley Marshes Nature Reserve and the coastal path.

Very well-presented accommodation of 995 sq. ft. comprising; Entrance Hall, Cloakroom, Kitchen/Breakfast Room, Sitting/Dining Room, Landing, two double Bedrooms and a Bathroom.

Outside, to the front is an enclosed paved courtyard, to the rear is a south-facing lawned garden with paved terrace, log store, shed and a single en-bloc garage.

Desirable features including exposed brick and flint walls, wooden flooring, exposed ceiling timbers, wood burning stove, gas central heating and coastal views.

Purchased by the present owners over 30 years ago.

Offered for sale with no onward chain.

HEATING: LPG central heating.

COUNCIL TAX: Band D.

SERVICES: Mains water, electricity and drainage.

BROADBAND: Ofcom indicate that ultrafast broadband is available to the property.

MOBILE COVERAGE: Ofcom report the following indoor coverage; EE & Vodafone voice and data is limited. O2, voice is likely but data is limited. Ofcom report the following outdoor coverage; EE, THREE, O2 & Vodafone are likely to have voice and data.

Agents Note 1: A restrictive covenant in the deeds states Not to carry on any trade or profession upon the property but to use the same as a single private residence only. Case law in 2020 determined this to mean that the property should not be used as a furnished holiday let. It does not prevent it being used as a main home, second home or being let out long-term.

AGENTS NOTE 2: Each of the owners at Old Hall Farm Barns is a member of the management company responsible for the maintenance of the common areas for which a current payment of 100 per owner per annum is paid.

AGENTS NOTE 3: The property is situated in a conservation area.

CLEY-NEXT-THE-SEA is a picturesque North Norfolk coastal village within an Area of Outstanding Natural Beauty and Conservation area. Known for its historic charm, the village is characterized by traditional flint cottages, narrow lanes, and a prominent 18th-century windmill now run as a bed and breakfast establishment, overlooking the reed beds and marshes which are part of the Cley Marshes Nature Reserve. This reserve is one of the oldest and most renowned bird-watching sites in the UK, attracting ornithologists from around the world.
Cley-next-the-Sea also features an impressive variety of independent local shops, galleries, and cafes that cater to visitors year-round as well as two pubs - The George and Three Swallows. The village has retained much of its historical character, making it a popular destination for tourists seeking a quiet, scenic, and culturally rich experience in Norfolk.
The shingle beach is within easy walking distance along the coastal path and attracts wild swimmers, paddle borders and families alike. The village, once a significant north Norfolk port has recently benefited from dredging, restoration of the quayside and the installation of a boardwalk courtesy of the Cley Old Harbour Project.
The Georgian town of Holt which is about 5 miles away is known for its excellent selection of shopping and also Greshams public school for girls and boys. The City of Norwich with a main line service to London is approximately 26 miles away.

FIXTURES AND FITTINGS: Unless specifically mentioned in these particulars, all fixtures and fittings are expressly excluded from the sale of the freehold interest. Some items and contents may be available by separate negotiation if required.

IMPORTANT NOTICE: These particulars have been prepared in all good faith to give a fair overall view of the property. Measurements and distance are given as a guide only. We have endeavoured to ensure the information given is accurate but we would urge you to contact the office before travelling any great distance to ensure that your impression of the property is as we intended. None of the services, appliances or equipment have been tested and purchasers should satisfy themselves on such matters prior to purchase.

VIEWING: Early inspection is recommended through the Agents. For an appointment please telephone BEDFORDS, The Bower House, Market Place, Burnham Market, Kings Lynn, PE31 8HF. Tel: . All our properties can be found on the internet at

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 415158.75

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 12498.75
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 40196.25
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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