3 bedroom detached bungalow for sale

£750,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

A new build detached bungalow of exceptional design and specification situated in a secluded location the centre of the village. Located about one mile from the renowned coastal town of Southwold, Reydon boasts a number of local amenities, including; primary school, healthy living centre/doctors surgery, two general stores, bowls clubs and the splendid Randolph Hotel. Situated on the Suffolk Heritage Coast, a designated Area of Outstanding Natural Beauty, Reydon is within walking distance of the renowned coastal town of Southwold. With its sandy beach, promenade with colourful beach huts, famous pier and High Street with an eclectic range of boutique and High Street shops, the surrounding area is renowned for its coastline and countryside pursuits.

Accommodation -

Entrance Hall - Havwoods engineered oak flooring.

Internal Deanta Malmo pocket oak doors with black door furniture throughout.

Utility - Chicago grey units, Quartz white Calcutta Oro work surfaces with plumbing for washing machine and space for tumble drier.

Cloakroom - White sanitary wear.

Living Room - Havwoods engineered oak flooring.
Double glazed Aluminium and softwood composite sliding doors to rear terrace.

Kitchen/Dining Room - Chicago concrete effect grey kitchen units incorporating Neff appliances and Quartz white Calcutta Oro work surfaces, inset sink with tri flow tap. Island with breakfast bar and ceramic hob. Large electric controlled skylight over the island.
Double glazed Aluminium and softwood composite triple sliding doors to terrace.
Havwoods engineered oak flooring.

Hallway - Double glazed Aluminium and softwood composite deep window and sliding doors to rear terrace.

Havwoods engineered oak flooring.

Bedroom - Neutral coloured carpet. Double glazed Aluminium and softwood composite sliding doors to rear terrace

Ensuite Shower Room - Fully tiled floor and walls with white sanitary wear. Heated Illuminated mirror above basin with shaver point. Heated towel rail.

Bedroom - Neutral coloured carpet. Built in wardrobe.

Bedroom - Neutral coloured carpet. Built in wardrobe.

Bathroom - Fully tiled floor and walls with white sanitary wear. Heated Illuminated mirror above basin with shaver point. Heated towel rail.

Outside - Block paved driveway, porcelain tiled patio areas and pathways, outside lighting and recessed LED lighting to kitchen overhang.

STORE/PLANT ROOM.

Gardens to be grass seeded.

Tenure - Freehold

Outgoings - Council Tax to be assessed

Services - Mains electricity, water and drainage.

Grant 10KWAir source heat pump providing underfloor heating .

Viewing Arrangements - Please contact Flick & Son, 8 Queen Street, Southwold, IP18 6EQ for an appointment to view. Email: Tel: Ref: 20775/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

£ 621450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 18750
  • 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

£ 58950
  • 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

Adjust these figures

  %

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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