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£450,000 Guide Price
Bedrooms
Bathrooms
A FABULOUS THREE BEDROOM COTTAGE ONLY A SHORT WALK FROM THE BEACH.
5 Old Homes Road is a charming terraced flint-fronted period cottage, believed to have originally been a fishermans cottage, situated in this highly sought-after coastal village, only a short walk from the beach, village pub, and country club, and within easy cycling distance of Aldeburgh.
The accommodation, arranged over two floors, combines period character with comfortable living space throughout. The front door opens into a sitting room featuring an open fireplace with alcove shelving to either side, leading through to a dining room with a further fireplace and exposed wooden floorboards. Beyond is a kitchen, with access to a rear lobby/utility area and a shower room.
Upstairs, a landing gives access to three bedrooms: a principal bedroom to the front, a twin bedroom in the centre, and a double bedroom to the rear, together with a family bathroom and separate cloakroom.
OUTSIDE:
Outside, to the rear of the property, is a low-maintenance garden planted with mature shrubs and a small outbuilding. The property may also benefit from a rear pedestrian access (subject to confirmation from the title plan) and on-street parking is available nearby.
The cottage benefits from gas central heating and presents an excellent opportunity either as a permanent home or a coastal retreat with strong holiday letting potential.
SERVICES:
Mains water, electricity and drainage are connected
According to Ofcom there is superfast broadband available.
Mobile coverage is likely from all networks.
Council Tax B
EPC C
What3words: downturn.luring.truffles
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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