4 bedroom detached for sale

£1,650,000 Guide Price

4

Bedrooms

4

Bathrooms

Floorplan

A stylish contemporary house in 0.56 acre with views over grazing meadows, newly renovated and extended and within an easy walk of both the coast and an excellent village pub.

Beautifully-positioned with views over grazing meadows to the side and rear and the church tower to the front

Entrance Hall

Superb open-plan living accommodation with Sitting Room, Kitchen/Breakfast Room and Garden Room

Utility Room

Cloakroom

Ground Floor Bedroom with En Suite

Three further Bedrooms, all En Suite

Lawned gardens adjoining grazing meadows

In all 0.56 acre

Electric gates open to ample Off-road Parking

Double Garage with electric doors

HOLME-NEXT-THE-SEA is a small village on the North Norfolk coast, an Area of Outstanding Natural Beauty, with easy access to an excellent sandy beach with dunes behind which stretches from one end of the Old Hunstanton Championship Golf Course to Thornham.

The village lies on the intersection of the Peddars Way and the North Norfolk coastal path. The Norfolk Wildlife Trusts reserve at Holme Dunes is one of the most attractive landscapes on the North Norfolk coast and an important bird watching site where one might encounter avocets, ringed plovers, redshanks, curlews and lapwings. There are a number of other bird reserves locally, including one at Titchwell and there is sailing from Brancaster Staithe.

The Royal Estate of Sandringham is nearby, with public access to the house and grounds.

The village has an excellent Public House and bakery and there are local shops in Old Hunstanton and Thornham, whilst more comprehensive shopping can be had in the nearby town of Hunstanton, the pretty Georgian village of Burnham Market and the medieval port and regional centre of Kings Lynn.

A mainline rail connection from Kings Lynn runs to London Kings Cross in 97 minutes.

SERVICES: Mains electricity, water and drainage.

HEATING: Oil-fired central heating, underfloor to the ground floor, radiators upstairs.

COUNCIL TAX BAND: Band F.

BROADBAND: Ofcom state that Superfast broadband is available.

MOBILE COVERAGE: Ofcom state that EE, Three, O2 and Vodafone are all likely to provide voice and data outdoors. Indoors, O2 provide limited voice.

AGENTS NOTE: The property lies within a designated Conservation Area.

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

£ 1390700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 41250
  • 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

£ 153200
  • 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.

£

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

Adjust these figures

  %

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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