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£575,000 Guide Price
Bedrooms
Bathrooms
A fabulous three bedroom cottage set in a beautiful area of the Suffolk countryside, only a few minutes drive from Southwold.
Goldings West is a substantial portion of a former Georgian farmhouse offering elegant reception rooms and flexible accommodation in a peaceful rural setting.
The property forms the principal western portion of this handsome former farmhouse on the edge of the Sotterley Estate, believed to have been constructed in 1760. With classic Georgian proportions, the property benefits from high ceilings, sash windows, and an abundance of natural light throughout.
The accommodation is arranged across two floors and entered via a central hall with a fine staircase to the first floor. To the left, the double-aspect drawing room includes an original fireplace and fitted cupboards. To the right, the original dining room has been opened up to create a spacious kitchen/breakfast room with fitted units, dining area, and steps down into a rear utility room with a door to the garden.
To the rear is a wide hallway with a cloakroom, study area, further study, and a store, offering excellent flexibility for home working or hobbies.
The first floor features a half landing with a twin bedroom and family bathroom. A further staircase rises to the main landing, where there are two additional double bedrooms, including the principal bedroom with en-suite.
OUTSIDE:
Outside, the property is approached via a gravel drive through a five-bar gate to a large parking area at the front. A generous garden lies to the side, mainly laid to lawn with mature planting.
Please note: The property currently shares a biomass boiler with Goldings Farm East. However, it is proposed that the purchaser will be responsible for installing an independent heating system. Quotations for this are available upon request.
Agent Note This is the first time to the market
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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