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£1,150,000 Guide Price
Bedrooms
Bathrooms
A substantial listed 15th-century house offering versatile accommodation extending to around 3,000sq-ft with a well-proportioned principal house with outbuildings and annexe for refurbishment, all situated in an enviable rural setting on the fringes of this highly-regarded village.
Situated in an enviable rural setting adjoining farmland, on the fringes of this highly-regarded village, St Margarets Priory is a substantial Grade II listed house, believed to date back to the 15th century with later additions throughout its long history. The house offers versatile accommodation that flows remarkably well and comprises well-proportioned rooms.
The central reception hall, with exposed timbers and studwork, leading to a dining room, an elegantly proportioned room with a wood-burning stove, and the spacious kitchen/breakfast room, both with brick floors and exposed timbers. The kitchen has an oil-fired AGA, Bosch double oven and hob, double sink, space for a dishwasher, and wooden cupboards. Stairs off the kitchen lead to a further bedroom, which can also be used as an office/study.
The sitting room is a charming, double aspect room, which has a wonderful beamed ceiling, exposed studwork, and a handsome chimney piece with a wood-burning stove; stairs lead to the first-floor landing. The family room, a later addition to the house, is a light and bright room with French windows leading out to beautiful gardens.
The first-floor accommodation consists of well-proportioned bedrooms and a family bathroom. The double-aspect principal bedroom has fine views over the garden, wide original floorboards and an Elizabethan chimneypiece.
Outside
St Margarets Priory has a spacious annexe with an open plan kitchen/reception room, bathroom and bedroom. There are woodstores, workshops and further stores including a double garage.
St. Margarets Priory has spectacular and beautiful gardens with a great array of ancient and interesting trees; and an orchard with apple, plum, pear, peach and medlar trees. There are expansive areas of lawn, which has been used as an informal tennis court, a kitchen garden and stunning ponds.
Location
St. Margarets Priory occupies an excellent position on the edge of the village of Rattlesden. The village is an attractive village with a village green, a 13th century church, primary school, and two well-regarded public houses, The Five Bells and The Brewers, included in Michelin Guide.
Rattlesden has a thriving community with various clubs and societies including a badminton club, gardening club, and local history group. There is a well utilised village hall, pavilion and playground.
Stowmarket is a vibrant market town with a comprehensive range of amenities. It is home to the Museum of East Anglian Life, the independent Regal Cinema and the John Peel Centre for Creative Arts, which hosts regular music and cultural events. The railway station provides direct trains to London Liverpool Street from 83 minutes.
Bury St. Edmunds is a charming cathedral town, offering a wide selection of amenities including award-winning restaurants, excellent shopping, galleries, museums and theatres.
Schools in the area are excellent in both the state and independent sectors, including Rattlesdens own primary school. Other renowned schools include Old Buckenham Hall and Gt Finborough, with buses in Stowmarket to Ipswich School, Ipswich High School, Culford School, Framlingham College and Woodbridge School.
Services
Mains water and electricity are connected. Oil fired heating and private drainage.
Agents Note
We understand the septic tank system does not comply with regulations and a new Treatment Plant will be required. Estimated cost of 15,000.
Local Authority: Babergh and Mid Suffolk Council Band G
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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