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£1,200,000
Bedrooms
Bathrooms
Nursery Farm is a Grade II listed, brick and flint, attached house with a successful holiday complex of six cottages.
Constructed under a pitched roof that was re-thatched with reed last year, Nursery Farm enjoys a southern aspect. Believed to date from 1645 the house is laid out over a ground and two upper floors and comprises two reception rooms, fully fitted kitchen and utility room, 4 bedrooms and 3 bathrooms. There are front and rear gardens and a gravelled private parking area.
Further outbuildings include a laundry room, separate shower and WC which are available for the use of the touring caravans. A paddock with 5 fully serviced pitches are well protected by a block of coniferous woodland including mature Corsican and Scots Pine, providing a haven for wildlife and walks for guests.
The properties are set within approximately 8.23 acres of grounds, with two access drives, and comprising front and rear gardens, an orchard, pond, paddocks and woodland.
The Business comprises two revenue streams; the principal stream from the six holiday cottages and a secondary stream from 5 caravan pitches. The current owners have developed a successful holiday business and are now selling due to retirement.
The attractive environment and proximity to the Coast and the Broads appeal to weekly holidaymakers and for long weekend breaks. There are separate shower, toilet and laundry facilities.
The cottages are fully furnished and fully equipped with kitchens and equipment, Freesat TV/radio, DVD and CD players. Deerewood Cottage has downstairs living accommodation with level threshold access for wheelchair users and the less mobile.
The caravan Park is currently operated as a Caravan Club 5 pitch CL site, the pitches are equipped with 16 amp electrics, water and television aerial points supplied from a boosted antenna.
There is ample room for additional caravan pitches accessed via a separate gate, subject to obtaining planning permission.
Map location is not available for this property.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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