3 bedroom detached for sale

£600,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

A substantial detached home, situated on approximately one third of an acre along a quiet lane, with no onward chain. The property offers spacious accommodation, with solar panels, a double garage and off road parking.

The property is located along a small lane, nestled within the village of Sudbourne which offers many countryside walks, access to Tunstall forest and neighbouring the villages of Orford and River Alde.

The front door opens into a spacious entrance hall where doors lead to all rooms and there are stairs to the first floor. To the right is the ground floor bedroom which enjoys a rear aspect over the garden and a wardrobe. Adjacent to the bedroom is a shower room, which has also been fitted with a wc, basin and vanity unit.
To the left of the hall is the kitchen, which has been fitted with a number of eye level and base units with worktops over and a sink and drainer. There is an integrated microwave, double oven and dishwasher along with a water softener.
From the kitchen, a door leads into the utility where the boiler is located and there is space and plumbing for a washing machine and tumble dryer. A side door leads out to the driveway and garage.
At the rear of the property is the sitting/dining room which has a woodburner, and sliding doors out to the conservatory which also has doors to the rear garden.

The first floor accommodation comprises of two double bedrooms and a bathroom. There are sliding doors from the landing out to a balcony which enjoys stunning far reaching views out to the garden. There is ample space on the landing that could be used to fit a desk as a home working area.


Outside
The property is approached by a gated driveway that is laid to shingle, which leads to the double garage. There is loft space above the garage, providing excellent opportunity to convert into additional accommodation, subject to planning permission. The rear garden is securely fenced and mostly laid to lawn with a patio area. There is a summerhouse which has been fitted with electricity and also offers a great space for a home office. There is a generator supplied to the property as a backup for any emergency power cuts.


Location

Sudbourne is a delightful rural village, close to the Suffolk Heritage Coast.

The well-known Gastropub and restaurant, The Froize, is located in the neighbouring village of Chillesford and the highly regarded village of Orford is also located close by, where Pump Street Bakery and Pinneys Smokehouse are not to be missed.

Approximately 10 miles from Sudbourne, which offers a village hall that has regular events such as carpet bowls, art and yoga classes, music nights and a pop-up pub. The historic town of Woodbridge offers numerous facilities including medical centres, an independent cinema, swimming pool and station, with links to the county town of Ipswich which has mainline services to London Liverpool Street. For the golfing enthusiast, there are excellent golf courses at nearby Woodbridge, Ufford Park and Seckford.

The Suffolk Heritage Coast is within a short drive and the coastal town of Aldeburgh, Southwold and Thorpeness are within easy comfortable driving distance.

Directions

Please use the postcode IP12 2AX as point of destination.

Important Information

Council Tax Band - D
Tenure - Freehold
We understand that mains water, electric and drainage are connected to the property. Heating is oil fired.
EPC - D
Our ref - JED

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

£ 497700

Mortgage Loan to Value

%

Gross Yield

%

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
    £ 15000
  • 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

£ 47700
  • 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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