2 bedroom semi-detached for sale

£290,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

SITUATION:
The cottage is situated on the green in the popular village of Forward Green. The property offers stunning countryside views yet is located only three miles from the town of Stowmarket and the nearby A14/A140 which provides excellent road access to Ipswich, Cambridge and London. The town of Stowmarket gives access to all essential facilities and has the added benefit of being on the mainline to London Liverpool Street Station (journey time approx. 75 minutes).

This two bedroom semi-detached cottage blends the old with the new, there is an inglenook fireplace in the sitting room with exposed beams and studwork. In the dining room, double opening French doors offer stunning views of the meadowland and there is also a contemporary shower room and fully fitted kitchen on the ground floor.
Upstairs offers two bedrooms with a family bathroom and outside, the front garden is mainly laid to gravel with off-road parking, with an enclosed garden at the rear.

FULL DETAILS AND APPROXIMATE ROOM SIZES ARE AS FOLLOWS:

Solid wood entrance door into:

Entrance Hall:
With wood laminate floor, coat hanging hooks, door to:

Sitting Room: 123' x 1110' (3.74m x 3.38m)
Feature inglenook fireplace with insitu wood burning stove on tiled heath with oak bresummer over. Exposed beams and studwork, sealed unit double glazed window to front aspect, electric radiator, open to:

Dining Room: 128' x 103' av (3.90m x 3.13m)
Double opening French doors to rear patio, two storage cupboards, staircase to first floor, door to kitchen, door to:

Contemporary Shower Room: 511' x 45' (1.55m x 1.37m)
With tiled shower enclosure housing wall mounted MIRA electric shower, folding glazed door. Dual flush low level w.c., wash hand basin with contemporary mixer over and vanity cupboard under, electric heated towel rail, extractor, wood effect flooring.

Fully Fitted Kitchen: 91' x 73' (2.77m x 2.22m)
Fitted with a range of high and low level oak fronted units, cupboards and drawers under granite work surfaces, inset composite sink with drainer and swan neck h&c mixer over, built-in eye level double oven, inset ceramic induction hob with extractor over, tiled floor, plumbing for washing machine, cupboard housing up to code consumer unit, window to rear aspect overlooking the rear garden and meadow land beyond.

First Floor Landing:
With access to all accommodation.

Bedroom One: 1410' max x 116' (4.29m x 3.53m)
With sloping apex ceiling and window to front aspect overlooking the village green, electric radiator, walk-in wardrobe (6 x 4) with shelf, rail and drawers. Loft access, airing cupboard housing hot water cylinder and complimentary shelf and rail.

Bedroom Two: 104' x 83' (3.16m x 2.52m)
Electric radiator, window to rear over looking the garden and farmland beyond.

Family Bathroom: 94' x 44' (2.86m x 1.34m) + 210' x 210' (0.64m x 0.64m)
L-shaped - Panelled bath, dual flush low level w.c., inset wash hand basin with vanity cupboard under, heated towel rail, obscure window to rear aspect, fitted shelving.

OUTSIDE:
The property is approached by a five bar wooden gate giving access over the gravel driveway with ample off-road parking. There is a small shaped lawn border with mature Willow tree, paved pathway to side access gate and leading up to the front door. Detached tiled timber shed with log store behind, power and light connected.

With stunning views, the REAR GARDEN has a paved patio area situated behind the cottage and a pathway leads to the rear picket fence and gate onto village meadow land. Laid mainly to lawn with sleeper edge flower bed, outside tap, two further log stores.

Freehold - Council: Babergh & Mid Suffolk District Council
Council Tax Band: B
EPC rating: E



Features
  • Freehold

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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

£ 241950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 7250
  • 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

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£

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

£ 24450
  • 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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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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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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