5 bedroom detached for sale

£1,100,000 Guide Price

5

Bedrooms

4

Bathrooms

Floorplan

Part of our Signature Collection; Situated on the Melton Grange development, with excellent access to the town centre and River Deben is this substantial contemporary family home, occupying a generous corner plot with a one bedroom annexe.


Built in the mid 90s, Allendale has since been modernised to include three new bathrooms/en-suites, a stunning contemporary open-plan kitchen/dining/family room, as well as a good size separate sitting room and family room/bedroom. The property also boasts a detached one bedroom annexe with its own entrance and private garden, currently used as a successful holiday let.

The front door opens into a generous reception hall with stairs to the first floor, under-stairs storage and doors off to all rooms, including a cloakroom with basin and WC.

To the right of the property is the sitting room which is of generous proportions, with a feature bay window and attractive brick fireplace with oak bressummer.

The impressive 39 kitchen/dining/family room has views over attractive rear garden and double doors lead out onto the decking. The kitchen has an extensive range of wall and base level units, work surfaces, sink and a matching central island/preparation unit housing an induction hob with touch control rising extractor and additional storage. Integrated appliances include Miele double ovens with warming drawer, fridge and there is space for an American style fridge/freezer. The dining/family room has been designed for entertaining with a space for a good size dining table, along with a seating area.

Doors lead off to a study/ground floor bedroom and a utility with a further range of units, plumbing for a dishwasher, washing machine and space for a tumble dryer. A cupboard houses the boiler and a door leads to the rear garden.

The first floor landing has a double airing cupboard and doors off to all rooms.

The 26 main bedroom has a triple aspect and a dressing area with built-in wardrobes, space for a dressing table and a door leads to an en-suite.

Outside
Allendale occupies a generous corner plot and is positioned opposite Melton Woods with fantastic walks nearby. To the left of the property is a driveway providing parking for a number of cars, including a designated parking space for the annexe, Hoo View. The front of the property is screened by mature shrubs and a path leads to the front door. The former garage has been converted into the annexe, to the front of the annexe are twin double doors leading to a handy storage area and there is an EV charge point.

The rear garden enjoys a southerly aspect and has been beautifully landscaped to include an extensive patio and decking area to the immediate rear of the property with a pergola, along with a central lawn and sleeper borders and steps leading down to an additional garden area with access to a large shed and side gate.

Hoo View
A detached one bedroom annexe with its own access, parking space and private enclosed courtyard garden.

Double doors lead into a good size open-place sitting area with a well appointed kitchen with base level units, work surfaces and sink. Built-in appliances include an oven with hob and extractor over, fridge and a dishwasher.

Stairs lead to a generous bedroom with a freestanding bath, built-in storage cupboards, laundry room and an en-suite shower room comprising a double shower, basin and WC.

Hoo View has been running as a successful holiday let, which has been advertised by Curious Retreats and been producing an annual income of circa 20,000.


Location

The property is located on the Melton Grange development which lies within walking distance of the centre of Woodbridge. There are a number of picturesque walks nearby including Melton Woods which can be found opposite the property with paths lead to Melton Playing Fields and tennis courts.

Woodbridge is known as 'the gem in Suffolks crown', best known as being home to one of the oldest working tide mills in the UK and the iconic Shire Hall on Market Hill.

Woodbridge has good schools and an independent cinema, a number of high street and boutique shops, leisure centre and swimming pool, and a range of fantastic places to eat and drink. There is a railway station with links to Ipswich with connecting services to London, Norwich and Cambridge.

Directions

Please use IP12 1SD as point of destination, for further information please contact a member of the team on .

Important Information

Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
Council tax band - G
EPC rating - D
Our ref; CJJ

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

£ 906450

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
    £ 27500
  • 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

£ 81450
  • 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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