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£525,000
Bedrooms
Bathrooms
Reception
Situated in a rural location on the outskirts of Cranworth and in approx 1 acre plot (STMS), Longsons are delighted to bring to the market this charming three bedroom bungalow. This fabulous property sits on sizeable grounds and includes well presented front garden providing an impressive first impression of the property accessed via remote controlled gates, a garage, workshops, solar panels providing annual feed-in tariff providing low cost electric with battery storage, three reception rooms, fresh air system, cloakroom with WC and much much more!
Offered for sale CHAIN FREE!
Viewing highly recommended to fully appreciate all on offer with this charming property.
Briefly, the property offers entrance hall/reception room, kitchen. lounge, dining room, inner hall, three bedrooms, bathroom, garage, large gardens, three workshops (two in need of attention), large shed, solar panels, oil fired central heating and double glazing.
Cranworth is a village within the Breckland district of mid-Norfolk, East Anglia and is conveniently located for access to Dereham, Norwich, the A47 and the A11 with the new trunk road due to be completed next year.
Entrance Hall/Reception Room
Entrance doors to both sides, double glazed windows to both sides, built in storage cupboard, pamment tiles to floor, enamel sink unit with hot and cold tap.
Cloakroom
Wash basin set within fitted cabinet, WC, double glazed window to side.
Kitchen - 110' (3.35m) x 73' (2.21m)
Hand made shelving units with worksurface over, enamel butler style sink with mixer tap and drainer, large Range style gas cooker with extractor hood over, built in pantry, double glazed windows to front and side.
Lounge - 1610' (5.13m) Max x 119' (3.58m) Max
Feature fireplace with inset open fire, double glazed windows to front and side, two radiators, built in cupboard with fitted shelving and solar panel battery storage.
Dining Room - 1611' (5.16m) x 120' (3.66m)
Feature fireplace with inset open fire, double glazed window to front, radiator.
Inner Hall
Double glazed windows to side, ceiling mounted fresh air unit, loft access, two radiators, built in storage cupboard.
Bedroom One - 1410' (4.52m) x 119' (3.58m)
Fitted wardrobes, double glazed window to front, radiator.
Bedroom Two - 1410' (4.52m) Max x 114' (3.45m) Max
Two double glazed windows to front, radiator.
Bedroom Three - 94' (2.84m) x 85' (2.57m)
Double glazed window to front, radiator.
Bathroom
Bathroom suite comprising bath with mixer tap and separate hand shower attachment, wash basin set within fitted cabinet, WC, built in cupboard housing hot water system, obscure glass double glazed window to side.
Garage - 179' (5.41m) x 1111' (3.63m)
Remote controlled motorised roller door to front, wooden storage shed to side, personal entrance door to rear, electric power and lights.
Outside Front
Delightful front garden laid to lawn, shingle driveway providing ample off road parking, shrubs, plants, ornamental trees and box hedging to beds and borders, remote control motorised double gates providing access to driveway, access to rear garden.
Rear Garden
Large rear garden separated into several areas, one area laid to concrete with solar panels providing low cost energy and annual feed in tariff, area to side laid to lawn with raised vegetable growing beds, greenhouse and fruit trees, area to rear laid to lawn, area to opposite side set out as a chicken run, bomb shelter remains to centre of lawned area.
Outbuilding One
Currently used for storage with a total of fifteen windows and two entrance doors, additional room attached which was used as an outside toilet.
Outbuilding Two
Electric sockets and light, currently being used for storage with twelve windows in total.
Agent`s Note 1
EPC rating B85 (Full copy available on request)
Council tax band C (Own enquiries should be made via Breckland District Council)
Agent`s Notes 2
As the site has potential for residential development, the owners are looking to have a contractual agreement in place for overage that will only be payable if the land is developed. It is calculated as a percentage of uplift in the value of the land if developed, including conversion of the outbuildings into residential accommodation. The sellers are prepared to negotiate an up-front payment to replace any overage being due if preferred.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Utilities
Electric: Mains Supply
Gas: None
Water: Private Supply
Sewerage: Private Supply
Broadband: FTTP
Telephone: None
Other Items
Heating: Oil Central Heating
Garden/Outside Space: Yes
Parking: Yes
Garage: Yes
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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