5 bedroom detached for sale

£850,000 Guide Price

5

Bedrooms

2

Bathrooms

Floorplan

An elegant Victorian former vicarage standing in grounds exceeding two acres and the northern edge of the hamlet of Redisham about four miles south of the popular and well served market town of Beccles

Description - An elegant Victorian former vicarage standing in grounds exceeding two acres and the northern edge of the hamlet of Redisham about four miles south of the popular and well served market town of Beccles and about 9 miles north west of the renowned coastal town of Southwold and the Suffolk Heritage Coast, an Area of Outstanding Natural Beauty. A sweeping driveway leads up to the handsome property of great charm and character with Flemish bond brick elevations below multiple pitched and hipped shallow roofs. The accommodation features well proportioned rooms, the principal rooms have high ceilings with light flooding through large south facing sash windows and enjoying fine views over the gardens. The spacious kitchen and breakfast room with large adjacent utility room are perfect for day to day living and open onto a delightful courtyard ideal for alfresco dining. The galleried landing leads to five well proportioned bedrooms enjoying views over the mature grounds and surrounding countryside. Standing on the northern boundary, a timber stable block of three loose boxes and a store. A wrought hand gated leads through screening beech hedgerow to the pool and summer house.

Entrance Hall - Staircase to first floor galleried landing. Door to:

Cellar -

Shower Room - Lobby with cloaks hanging area leading to a shower room with shower cubicle, hand basin and W.C.

Dining Room - South & East. Sash windows over looking the garden. Fireplace with ornate mantle and surround.

Sitting Room - South. Sash windows over looking the garden. Open fireplace. Glazed casement doors opening to:

Garden Room - South. Windows and arched casement doors opening to the terrace and garden

Study/Family Room - South, East & West. Windows over looking the garden and door to the courtyard.

Kitchen - West. Fitted with range of base and wall cupboards, island with storage cupboards, granite work surfaces. Butler sink with wooden drainer. Gas & electric range cooker. Window over looking the courtyard.

Breakfast Room - North & East. Windows over looking the driveway and gardens.

Utility Room - Oil fire central heating boiler. Store cupboards, stainless steel sink unit. Glazed entrance door to the courtyard.

First Floor -

Gallereid Landing - East. Sash window over looking the gardens and countryside beyond.

Bedroom One - South & East. Sash windows over looking the gardens.

Bedroom Two - South. Fitted wardrobes. Sash windows over looking the garden.

Bedroom Three - East. Sash window over looking the garden.

Bedroom Four - West. Window over looking the garden. Built in storage and airing cupboard.

Bedroom Five - West. Window over looking garden. Hand basin.

Tenure - Freehold

Outgoings - Council Tax Band currently G

Services - Mains electricity, water and drainage

Viewing Arrangements - Please contact Flick & Son, 8 Queen Street, Southwold, IP18 6EQ for an appointment to view. Email: Tel: Ref: 20462/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: £3,675.97

Total Interest: £473,348.61

Overall Total: £1,323,348.61

Amortization For Monthly Payment: £3,675.97 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£26,949.74 £17,161.88 £832,838.12 
2026£26,392.44 £17,719.18 £815,118.94 
2027£25,817.03 £18,294.59 £796,824.36 
2028£25,222.94 £18,888.68 £777,935.68 
2029£24,609.56 £19,502.06 £758,433.62 
2030£23,976.26 £20,135.36 £738,298.26 
2031£23,322.40 £20,789.23 £717,509.04 
2032£22,647.30 £21,464.32 £696,044.71 
2033£21,950.27 £22,161.35 £673,883.37 
2034£21,230.62 £22,881.00 £651,002.36 
2035£20,487.59 £23,624.03 £627,378.33 
2036£19,720.43 £24,391.19 £602,987.14 
2037£18,928.37 £25,183.25 £577,803.89 
2038£18,110.58 £26,001.04 £551,802.84 
2039£17,266.23 £26,845.39 £524,957.45 
2040£16,394.47 £27,717.15 £497,240.30 
2041£15,494.39 £28,617.23 £468,623.07 
2042£14,565.09 £29,546.53 £439,076.54 
2043£13,605.61 £30,506.01 £408,570.53 
2044£12,614.97 £31,496.65 £377,073.88 
2045£11,592.16 £32,519.46 £344,554.43 
2046£10,536.14 £33,575.48 £310,978.95 
2047£9,445.83 £34,665.79 £276,313.16 
2048£8,320.11 £35,791.51 £240,521.64 
2049£7,157.83 £36,953.79 £203,567.85 
2050£5,957.81 £38,153.81 £165,414.04 
2051£4,718.82 £39,392.80 £126,021.25 
2052£3,439.60 £40,672.02 £85,349.23 
2053£2,118.83 £41,992.79 £43,356.44 
2054£755.18 £43,356.44 £0.00 

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

£ 691,450

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

34%

Annual Rental Profit

£ 46,481

Cumulative Rental Profit

£ 464,808

Cost of Purchase

£ 53,950
  • Stamp Duty
    £ 30,000

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

  • Refurbishment Budget
    £ 21,250
  • 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

£ 55,519
  • Mortgage Interest
    £ 31,115

    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)
    £ 13,464
  • Letting Fee
    £ 240
  • Maintenance
    £ 10,200
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 945,418
  • Final Equity Profit
    £ 480,610

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

  • Cumulative Rental Profit
    £ 464,808

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 1,384,560

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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