3 bedroom cottage for sale

£500,000 Offers over

3

Bedrooms

2

Bathrooms

Floorplan

An individual detached cottage standing in gardens of about 1/2 an acre enjoying fine countryside views at the edge of this East Suffolk hamlet, a rural yet surprisingly convenient location about five miles from the renowned coastal town of Southwold.

Description - Offered for sale with no onward chain is this spacious detached cottage of brick with part rendered elevations below pantiled covered roof, standing in an elevated position with far reaching views over the neighbouring countryside. Situated at the southern edge of the hamlet of Clay Common about 5 miles from the seaside town of Southwold, Kiln Cottage stands in grounds extending to about half an acre (subject to measured survey) with shingle driveway providing off road parking and a detached single garage and large timber store. The versatile accommodation with oil fired central heating (a new boiler installed in 2024) and predominately double glazed features; a spacious fitted kitchen/breakfast room with casement doors and a large picture window overlooking the garden; sitting room with wood burning stove; second reception room; ground floor bedroom and shower room. There are two first floor bedrooms both enjoying fine countryside views and each accessed via their own staircases. The principal bedroom boasts a walk in wardrobe/dressing room and bathroom.

Accommodation -

Entrance Hall - Staircase to first floor, cloaks, storage area.

Kitchen/Breakfast Room - Fitted with a range of base and wall cupboards, wood block work surfaces, enamel single drainer sink unit and tiled surrounds. Tiled floor with under floor heating. Casement doors and large picture window overlooking the garden. Part vaulted ceiling with roof lights.

Sitting Room - Windows and casement doors opening to the garden. Polished timber flooring. Fireplace with pament hearth and wood burning stove. Alcove with storage and windows to rear elevation. Large store/airing cupboard.

Dining/Second Reception Room - Window to front elevation.

Lobby - Second staircase rising to the first floor.

Bedroom - Window to front and side elevations.

Shower Room - Suite comprising tiled shower cubicle, pedestal hand basin and W.C.

First Floor -

Landing - Window overlooking the garden.

Bedroom - Windows with far reaching countryside views. Dressing/wardrobe space.

Bathroom - White suite comprising panel bath, hand basin and W.C. Window overlooking the garden.

Second Landing - Porthole window.

Bedroom - Window with fine countryside views.

Tenure - Freehold.

Outgoings - Council Tax Band currently D.

Services - Mains water and electricity, Tricel sewage treatment plant.

Viewing Arrangement - Please contact Flick & Son, 8 Queen Street, Southwold, IP18 6EQ for an appointment to view. Email: Tel: Ref: 20700/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

£ 415200

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 12500
  • 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

£ 40200
  • 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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