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£440,000 Offers in excess of
Bedrooms
Bathrooms
Welcome to Newmarket Road, a 1970s property offering superb interior and exterior space. This family home presents a choice of ever-desirable features, perfect for any modern-day home including its proximity to a range of amenities.
Bury St. Edmunds is becoming an ever-popular town to reside in due to the plethora of opportunities it has available both professionally and leisurely. The traditional market town is decorated with a choice of mainstream and independent amenities including pubs, bars, restaurants, eateries, supermarkets, tailoring and health / dental care. Naturally, this draws great attraction to the town.
The property is located within 1.8 of West Suffolk Hospital, as well as 1.0 miles from the A14, perfect for keen commuters looking for quick and easy routes into Stowmarket, Cambridge, Norwich and London.
Upon arrival, you will find features including a large driveway for numerous vehicles, leading to a detached garage, next to a beautiful large rear garden.
Entrance Hallway: 3.51 x 1.33m
The L-shape entrance hallway provides access to the Living Room and Kitchen, leading round to all three bedrooms, bathroom and W/C.
Living Room: 3.68 x 5.47m
Spacious Living Room with UPVC double glazed windows providing natural light, feature fireplace, carpeted throughout with sliding doors through to the Dining Room.
Dining Room: 2.87 x 4.42m
Joining both the Living Room and Kitchen, the dining area provides the perfect additional hosting space.
Kitchen: 2.99 x 3.91m
Complete with a selection of low and eye-level storage, the large kitchen provides a fantastic heart to this family home. Integrated electric oven / hob, a free standing washing machine, dishwasher and fridge-freezer. Access to rear garden.
Bedroom 1: 3.52 x 4.04m
Master bedroom supporting ample floorspace, carpeted throughout with UPVC double-glazed windows. Fitted storage. Overlooking the side of the property.
Bedroom 2: 3.02 x 3.77m
Large secondary bedroom overlooking the rear of the property, UPVC double glazed windows. Fitted storage.
Bedroom 3: 2.48 x 2.71m
Overlooking the front of the property, UPVC double glazed windows and fitted storage.
W/C: 1.80 x 0.91m
Fitted with a low-level W/C and basin, separate to the bathroom.
Bathroom: 1.78 x 1.62m
Tiled bathroom creating a flush and sleek finish. Bath with shower over, glass shower curtain, basin, radiator and storage.
Outside:
The large, driveway provides ample space for numerous vehicles as well as space at the rear for 2 more parking spaces.
Leading to a stunning, mature rear garden with an abundance of opportunity due to the size and privacy. This wonderful safe-haven only enhances an already desirable family home.
Agent Notes:Mains gas. Mains drainage. Freehold. No onward chain. 0.26 Acres (STMS)EPC rating: D, Council tax band: D
We endeavour to make sales particulars accurate and reliable. However, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any service, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. Please note that we have not inspected the garage or the loft so we cannot comment on the condition of these.
EPC rating: D. Tenure: Freehold,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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