2 bedroom detached for sale

£825,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

An individual detached chalet with sea views from the first floor located in this most sought-after of coastal villages, just a 5 minute walk from the beach, village green and Southwold Harbour. Walberswick is a particularly popular coastal village situated south of the Blyth estuary forming part of the Suffolk Heritage Coast, a designated Area of Outstanding Natural Beauty. The village has a general store, two excellent public houses and tearooms. To the north stands the renowned coastal town of Southwold which offers an excellent range of High Street and boutique shops. The surrounding area is renowned for its coastline, countryside and leisure pursuits, whilst also being home to the RSPB Reserve at Minsmere.

Description - A distinctive detached chalet dating from the mid 20th Century featuring white washed brick elevations below steep pitched pantile covered roofs with a large dormer window to the rear affording a fine view over the neighbouring countryside to the sea.


Set back from the road behind a hedgerow providing seclusion, a driveway offers parking & turning area and leads to an attached single garage. To the rear a secluded garden enjoys a southerly aspect with lawn bordered by a wealth of flowering plants and shrubs. Adjacent to the conservatory currently is a paved seating area ideal for alfresco dining and enjoying this fine location.


Internally the entrance hall leads to a sitting room overlooking the garden and with attractive brick fireplace incorporating log burner. Dining/ second reception room opens into a large conservatory currently used as a dining and seating areas, again overlooking and opening into the garden and linking via a lobby to a side entrance onto the driveway and the kitchen. A cloakroom completes the ground floor accommodation.


Rising from the hallway the staircase leads to the landing with useful storage, two generously proportioned bedrooms and family bathroom. The principal bedroom has an ensuite shower room and a fine coastal view to savour.


In all a genuinely delightful cottage style with a fine view in this charming and highly desirable location in this lovely coastal village.

Tenure - Freehold.

Outgoings - Council Tax Band currently E.

Services - Mains water, electricity and drainage.

Viewing Arrangements - Please contact Flick & Son, 8 Queen Street, Southwold, IP18 6EQ for an appointment to view.
Email:
Tel: Ref: 20937/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.

Agents Note - The property is subject to a shorthold tenancy. Vacant possession will be provided upon completion of the sale of the property.

Agents Note 2 - Energy infrastructure proposals in the vicinity of the village. Prospective purchasers should make enquires of the relevant authorities.

Map location is not available for this property.

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

£ 683325

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 20625
  • 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

£ 64575
  • 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.

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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

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  • 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

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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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