4 bedroom detached for sale

£695,000 Guide Price

4

Bedrooms

1

Bathrooms

Floorplan

An individual detached family home just two and a half miles from the A12, with an exceptional range of outbuildings and workshop. Set in a rural location situated midway between the vibrant and historic market towns of Framlingham and Saxmundham.

Description - A most attractive red brick detached house standing in this rural position with far reaching views over the surrounding countryside. Grove House has an extensive range of outbuildings including a 4 car barn, large wood working workshop, secondary work shop, office and stores. Set back from the road a five bar gate opens to a wide shingle driveway with hardstanding and carport. To the rear is lawn garden and large vegetable garden. The accommodation with oil fired central heating, PV solar panels and air source heat pump comprises entrance hall, open plan sitting and dining room, the sitting room having a wood burning stove. To the rear is bespoke kitchen and rear hallway/office space with side entrance to the carport and entrance to the main workshop.

Accommodation -

Tiled Oak Porch - Double entrance doors to:

Entrance Hall - Door to:

Sitting Room - Fireplace with wood burning stove with wrought iron fold away fire guards. Window over looking the pond. Opening to:

Dining Room - Windows to front and side elevations. Staircase rising to the first floor.

Bath/Shower Room - Divided into DRESSING AREA, with shower and separate W.C. BATHROOM with panel bath, hand basin and airing cupboard.

Kitchen - Craftsman built kitchen with storage and work surfaces. Window to side elevation.

Rear Lobby/Office Space - Side entrance door. Access to main workshop

First Floor - Enclosed staircase rising to attic space. Floored lit & heated.

Bedroom - Double glazed windows to front and side with far reaching countryside views. Recessed W.C.

Bedroom - Double glazed windows to front and side with far reaching countryside views.

Bedroom - Double glazed windows to side and rear with far reaching countryside views.

Bedroom - Double glazed windows to side and rear with far reaching countryside views.

Tenure - Freehold

Outgoings - Council Tax Band currently C

Services - Mains electricity, (plus three phase), PV solar panels and separate solar water heating. Oil fired central heating for the workshop. Air source heating pump central heating for the house. Mains water, private septic tank drainage system.

Viewing Arrangement - Please contact Flick & Son, Ashford House, High Street, Saxmundham, IP17 1AB for an appointment to view. Email: Tel: Ref: 20499/RDB.

Fixtures & Fittings - No fixtures, fittings, furnishings or effects save those that are specifically mentioned in these particulars are included in the sale and any item not so noted is expressly excluded. It should not be assumed that any contents, furnishings or furniture shown in the photographs (if any) are included in the sale. These particulars do not constitute any part of any offer or contract. They are issued in good faith but do not constitute representations of fact and should be independently checked by or on behalf of prospective purchasers or tenants and are furnished on the express understanding that neither the agents nor the vendor are or will become liable in respect of their contents. The vendor does not hereby make or give nor do Messrs Flick & Son nor does any Director or employee of Messrs Flick & Son have any authority to make or give any representation or warranty whatsoever, as regards the property or otherwise.

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

£ 576075

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

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
    £ 17375
  • 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

£ 54825
  • 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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