5 bedroom bungalow for sale

£1,250,000 Guide Price

5

Bedrooms

4

Bathrooms

Floorplan

Part of our Signature Collection; Springfield Lodge is a substantial detached family home offering generous accommodation and entertaining space with an indoor heated swimming pool, double garage and home office.

Springfield Lodge was given a back to brick full renovation in 2014 with a third of the main living area demolished and rebuilt incorporating underfloor heating and extending living spaces. 10kw of solar panels have been fitted and a recently installed solar water heating and new air source heat pump keep bills to a minimum. The property has been designed for multi-generational living and lends itself to entertaining and has a separate, self contained office for home working.

In addition to an all-year-round oak-framed conservatory, there is an entertaining complex with ecofriendly heated indoor swimming pool & jacuzzi, with adjoining changing rooms, WC and separate shower, bar and dining/games space.

From the oak-framed porch, the front door opens into a spacious reception hall which has solid oak doors off to all rooms. The flooring is oak LVT (kitchen / utility have black LVT) and flows seamlessly through the house. To the left of the hall is a cloakroom with basin and WC.

To the left is a built-in cupboard and three good-sized bedrooms, two of which are of generous proportions and one has an en-suite with shower, basin and WC. A separate bathroom services the two other bedrooms.

To the right of the hall are two reception rooms, the first having double doors opening onto the side garden and a bespoke iron/oak floating staircase leads to the first floor. Two oak doors lead to the sitting room and kitchen/breakfast room. The sitting room has a dual aspect and a
feature brick fireplace with oak bressummer and an inset wood burning stove on a granite plinth.

On entering the kitchen/breakfast room there is a sense of light and space via the vaulted ceiling, a window overlooking the garden and door onto the patio. There is an impressive exposed brick chimney with oak bressummer, housing a Smeg 7 gas burner, double electric oven and separate grill with extraction canopy. The kitchen is fitted with an extensive range of framed oak base and eye level units with a substantial peninsula. Black mirror Quartz work surfaces, 1 bowl Franke sink and Zanussi integrated dishwasher, separate under-counter Zanuzzi fridge and Zanussi freezer. Adequate space for a six-seater dining table and chairs and an American style fridge freezer.

Across the hall is a utility room which has matching units and work surfaces, space for a washing machine, tumble dryer and there is a concealed water softener.

At the end of the hall is a second master bedroom suite / potential annexe with walk-in wardrobe and ensuite wet room. A solid oak door leads into the entertainment/swimming pool complex, also accessed via the hall.

To the left are two changing rooms, a WC and a walk-in shower. Steps lead to a vast social space with an eco-friendly heated swimming pool & jacuzzi. There is a bar and social/dining area. Double doors lead to an impressive exposed oak-framed conservatory and views over the garden. At the far end of the pool, a door leads out to a central courtyard with access to the self contained office space with kitchenette, WC. Double doors opens into the double garage with electric roller door.

The first floor landing has oak doors off to the a generous double bedroom with dual aspect and a bathroom with a free-standing roll top bath, separate shower, twin basins, WC and bidet.

Outside
The front of the property provides driveway parking for two/three vehicles with a block paved courtyard leading up to the swimming pool complex.

The rear and side gardens are split levels, the top predominantly laid to lawn with a bespoke insulated shed having single phase power, water and drainage. The lower patio a combination of block paving, raised planters, a covered shed with three phase electric. A three-metre wide gate leads onto School Lane. Close-boarded fencing on all boundaries.


Location

Martlesham is a village which lies 3 miles and walking distance of Woodbridge. Two family friendly pubs, The Red Lion & Black Tiles & post office are easily accessible. Dog walking through a wood and around the creek takes you into Woodbridge. Martlesham Wilds is the newly formed nature reserve. A short drive takes you to a retail park with a Tesco, Aldi, Pets at Home, Next, Boots, a gym and a number of building merchants and vehicle services. A bus service is available to Woodbridge and Ipswich town centre and Kesgrave School is a short drive or safe cycle ride via cycle paths and underpasses. Commuting to London, Norwich and Cambridge via Woodbridge or Ipswich Station.

Directions

Please use IP12 4RR as point of destination.


Important Information

Services - We understand that mains water, drainage and electricity are connected to the property.
Gas central heating supplying under floor heating to the main ground floor living spaces with radiators on the first floor and bedrooms.
The swimming pool is primarily heated with a recent three-phase air source heat pump and excess electricity generated from the 10kw solar panels.
The property is fitted with an array of solar panels resulting in an energy efficient home and a feed in tariff guaranteed until 2035.
Tenure - Freehold
Council tax band - G
EPC rating - A
Our ref; CJJ

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

£ 1037700

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
    £ 31250
  • 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

£ 100200
  • 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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