4 bedroom detached for sale

£2,000,000

4

Bedrooms

4

Bathrooms

Floorplan

VISIT OUR CLUB SHOWROOM An imposing architect designed house of 3,830 square feet over three storeys, with magnificent coastal views across the golf course to Bawdsey. The accommodation comprises four double bedrooms, all with en-suite facilities, living room, open plan family/ dining room/kitchen with walk-in pantry and utility room, double garage. A feature on the first floor is a balcony across the full width of the house and on the top floor there a superior bedroom suite with large en-suite, dressing room and a truly amazing roof top terrace to two elevations. The low maintenance exterior includes high specification aluminium framed powder coated double glazed windows and doors.

Balfour Place is a distinguished development featuring five unique properties set in a picturesque location with stunning sea and estuary views. Named after the The Rt.Hon. A.J. Balfour MP who was Captain of Felixstowe Ferry Golf Club in 1889 and served as Prime Minister between 1902 - 1905. Each of the houses is exclusively named after an important historical figure in the golf clubs history and thereby links directly to early days of what is now a sport / pastime played throughout the world.

Situated in an Area of Outstanding Natural Beauty, these modern homes offer breathtaking vistas of the ever-changing coastal landscape and charming rural countryside, along with views of the rolling fairways and nearby historic landmarks. You will have the opportunity to work with the award-winning Architect Wincer Kievenaar to complete the interior design of your new home. This will be a home to be proud of, finished to an impeccable standard providing contemporary living amongst a wealth of history.

Established in 1880, Felixstowe Ferry Golf Club is one of Englands oldest golf clubs and is the only links course in Suffolk, one of only 246 true links courses in the world. Members amenities include the 18-hole Martello course, the 9-hole full-length Kingsfleet course, indoor and outdoor practice facilities and a brand new clubhouse to be constructed. Buyers of these prestigious homes will have two full memberships to the Club for two years. Plus two years complimentary membership for two Juniors (under 14) of the 9-hole Kingsfleet course.

The town boasts four miles of beach stretching from Landguard Point, home to an 18th-century fort, to Felixstowe Ferry, a delightful fishing hamlet that hosts the Felixstowe Ferry Sailing Club. Along this stretch are the award-winning Seafront Gardens and the bustling town centre, which features its Spa Pavillion Theatre, cinema, shops, and numerous bars and restaurants. Felixstowe also provides various recreational facilities, including a leisure centre, tennis club, rugby club, and cricket club. Felixstowe South Beach and Pier have been recognized for their excellent water quality for swimming (Blue Flag 2020) and Felixstowe has undergone significant regeneration and improvement in recent years, there is also convenient access to the A12 and A14 roads, as well as rail connections to London Liverpool Street, Cambridge and Norwich.

Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1703950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 50000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 203950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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