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£645,000 Guide Price
Bedrooms
Bathrooms
An exceptional semi-detached cottage in a glorious setting close to the Alde Estuary, with a self-contained annexe with income generating potential and beautiful gardens. About 0.43 Acre.
LOBBY | DINING HALL | SITTING ROOM | LIVING ROOM | KITCHEN | UTILITY/SHOWER ROOM | 3 BEDROOMS | BATHROOM | DETACHED OUTBUILDING WITH OFFICE AND SELF-CONTAINED 1 BED FLAT | 2 BAY CARPORT | CAR PARKING | FRONT GARDEN | LARGE LANDSCAPED REAR GARDEN | SUMMERHOUSE | 2 SHEDS | ABOUT 0.43 ACRE
A delightful period cottage situated in an exceptional position close to the River Alde and the Heritage Coast. The property benefits from attractive open country views to the front and is located along a peaceful country lane.
32 Sandy Lane is a semi-detached cottage which is built of red brick elevations under a pantile roof. Planning permission was granted in 2016 for a single-story extension which has added an excellent living room overlooking the rear garden. The living room has oak flooring and overlooks the rear garden with doors opening to a terrace. The sitting room has built in cupboards and display shelving with a fireplace housing a wood burner. The entrance hall also has a fireplace and is ideal for entertaining, it is accessed via a lobby from the front door.
Outside
The property has a gravel driveway with parking space for a number of cars. There is a detached annexe/carport which has painted weatherboard elevations under a pantile roof. This incorporates a double carport with ample storage space and a ground floor office with power and internet connected. On the first floor is a self-contained flat comprising living area with open-plan kitchen, a double bedroom and shower room. This provides extra guest accommodation and also has been let our for holiday lets providing a useful income stream.
There is a pretty enclosed garden to the front and the main garden is to the rear. A stone paved terrace runs across the rear or the property and is ideal for outdoor dining and entertaining. The garden has a large sweeping lawn with rose beds and a water feature with a cascade. There are a number of trees including oak, pear, apple and flowering cherry. At the bottom of the garden are a couple of raised beds and there is a timber summerhouse and garden shed.
Services
Mains water and electricity are connected. Oil-fired central heating. Drainage to a treatment plant shared with the property next door and located on their land. Ultrafast broadband is available (Offcom).
Location
Iken is a pretty village in a designated Area of Outstanding Natural Beauty, close to the river Alde and Snape Maltings in what is arguably one of Suffolks most sought-after areas. The village is close to Tunstall and Rendlesham forests, offering excellent walking, bike riding and horse riding. The coastal villages of Orford and Aldeburgh are close by, with first rate shopping, restaurants, and sailing and leisure facilities. Woodbridge is also within easy driving distance, with an excellent range of amenities including a railway station with service to London Liverpool Street via Ipswich.
The kitchen is equipped with a range of cupboard and drawer units with an Aga range as a focal point. There is an integrated Neff oven and induction hob as well as a slimline dishwasher and fridge. Under the stairs is a larder and there is a rear lobby leading to a back door and a downstairs cloak/shower room with plumbing for a washing machine.
The first-floor is accessed via a staircase leading to the landing off which are three good-sized bedrooms, all with built-in cupboards. There is a family bathroom with a bath, walk-in shower, basin set in a vanity unit and a WC.
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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