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£595,000 Guide Price
Bedrooms
Bathrooms
A beautifully presented cottage situated in the perfect location of Southwold, located at the south eastern end of Victoria Street in the heart of the Conservation Area, just a short 100 yard stroll from the sea front and beach. Just around the corner is the famous Lord Nelson Pub. The renowned coastal town of Southwold is situated on the East Suffolk Heritage Coast, a designated Area of Outstanding Natural Beauty. The town has an excellent range of shops and is well known for its pier, sandy beach, working harbour, commons and greens.
Description - A delightful period terrace cottage situated in the heart of Southwold, a few paces from the sea front, beach and High Street. This beautifully renovated cottage retains great charm and character, offering an ideal bolthole in the heart of this historic coastal town. The accommodation with gas central heating features a large double aspect sitting/dining room with an elegant fireplace and wood burning stove, with hand built cabinets to either side. Casement doors open to the first of two courtyards. A stylish fitted kitchen is comprehensively fitted with excellent storage and integrated appliances. Casement doors open to an attractive courtyard garden, walled and paved with lighting and a view of the lighthouse. To the first floor, the landing leads to the two bedrooms, the principal bedroom having built in wardrobes. A stylish shower room completes the accommodation.
Accommodation -
Sitting/Dining Room - Fireplace with wood burning stove. Hand built cabinets and adjustable shelves to either side. Deep sash window with shutters facing Victoria Street. Casement doors open to the side courtyard. A staircase rises to the first floor landing.
Kitchen - Fitted with a Shaker style range of base and wall cupboards, work surfaces with tiled splash back. Fitted appliances include electric double oven and induction hob with cooker hood over; concealed dishwasher and fridge freezer; further large store cupboard with washing machine, tumble dryer and water softener. Tiled floor. Windows to side and casement doors opening to the rear courtyard garden with two roof lights above.
First Floor -
Landing - Window to side elevation. Built in storage cupboard.
Principal Bedroom - Built in wardrobes and shelved cupboards. Access to roof void via extending loft ladder. Sash windows with shutters overlooking Victoria Street.
Bedroom Two - Concealed store cupboard. Window to rear elevation.
Shower Room - Large walk in shower with overhead and hand held showers. Hand basin with store cupboard below and mirror front cabinet. W.C. Floor and wall tiling. Opaque window.
Tenure - Freehold.
Outgoings - Council Tax Band currently D.
Services - Mains, gas, electricity, water and drainage.
Viewing Arrangement - Please contact Flick & Son, 8 Queen Street, Southwold, IP18 6EQ for an appointment to view. Email: Tel: Ref: 20805/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.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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