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£575,000 Guide Price
Bedrooms
Bathrooms
A detached period cottage standing in mature gardens in a peaceful setting surrounded by open countryside.
ENTRANCE HALL | KITCHEN/BREAKFAST ROOM | DINING AREA | SITTING ROOM | LIVING ROOM | 4 BEDROOMS BATHROOM | SHOWER ROOM | GARDEN | OUTBUILDING | CAR PARKING
Situated in a most attractive and peaceful rural setting, 1 Peak Hill Cottages is a detached period cottage which has been extended and has well-proportioned living space. The interior is well presented and has some wonderful period character including exposed wall timbers and ceiling beams.
The entrance hall has a staircase to the first-floor landing and doors to the living room and sitting room. The living room has a fine beamed ceiling and a brick inglenook fireplace with bressummer beam housing a wood burner.
The sitting room is dual-aspect with a French door opening to the outside and adjoins the dining area, leading through to the kitchen/breakfast room. This is fitted with a good range of wall and base mounted units, with laminate wood-effect worktops with inset 1 bowl sink with mixer tap, integrated Neff double oven, ceramic hob and extractor hood over. There is an island unit with further work space and storage and space for a full height fridge/freezer.
On the first-floor are four bedrooms and a bathroom comprising bath with power shower and shower screen, vanity unit basin, WC and Velux window. There is a further shower room with a shower cubicle, vanity unit basin and WC with two Velux windows.
Outside
The property is approached via a gravel drive through double timber gates, which leads to a parking area to the side and rear of the cottage. The garden is principally down to lawn planted with spring bulbs, mature shrubs and fruit trees. There is a timber garden shed and a treehouse. To the rear of the property is a detached store/studio clad in weatherboard with power and light. There is some significant cracking in the floor of the building due to the close proximity of the ditch behind and the building will either require repair or replacement in the future.
General information
Mains electricity and water are connected
Oil-fired central heating to radiators.
Private drainage via treatment plant
Council Tax East Suffolk TBC
Ofcom state Ultrafast broadband is available
Ofcom state most mobile providers likely
EPC E rating
What3words: hurt.stung.crazy
Location
1 Peak Hill Cottages is situated in beautiful open countryside between the villages of Theberton and Kelsale. Theberton is situated between Leiston and Yoxford and has easy access to the beautiful Suffolk Heritage Coast and the A12. The village benefits from a popular pub and a parish church. There are numerous coastal attractions within easy reach including Thorpeness and Aldeburgh, both of which have golf courses and a good selection of pubs and restaurants. Aldeburgh also has an excellent range of shops. RSPB Minsmere and Dunwich are both nearby, offering some lovely heathland walks. Saxmundham is within easy reach and has a good range of local shops, Waitrose and Tesco supermarkets and a branch line railway station providing service to London Liverpool Street via Ipswich.
Agent Note: Please be aware that there are various infrastructure projects proposed for east Suffolk including plans for a new nuclear power station at Sizewell and a cable route to bring power ashore from offshore wind farms via a substation at Friston and converter station at Saxmundham. Neither of these projects are within close proximity of the property.
FIXTURES AND FITTINGS: Unless specifically mentioned in these particulars, certain fixtures and fittings may be excluded from the sale.
Map location is not available for this property.
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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