3 bedroom detached for sale

£290,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

Guide Price: 290,000 - 310,000. Charming home located within the peaceful village of Lenwade, boasting exposed beams and a fireplace surround, enhancing the characterful interior. Benefiting from three double bedrooms, family bathroom, welcoming living room, formal dining room and bright fitted kitchen with space for appliances. The driveway and garage offer parking, along with the private garden for alfresco dining.

Charming home located within the peaceful village of Lenwade, boasting exposed beams and a fireplace surround, enhancing the characterful interior. Benefiting from three double bedrooms, family bathroom, welcoming living room, formal dining room and bright fitted kitchen with space for appliances. The driveway and garage offer parking, along with the private garden for alfresco dining.

Location Situated in the desirable parish of Lenwade, this property benefits from a rural feel. Lenwade boasts local shops, pub, and Church. It is located just 12 miles from the city of Norwich which offers ample shopping opportunities, restaurants, entertainment, pubs, award winning local schools, and all other amenities. There are frequent transport links between villages and other cities giving access to a multitude of other locations, making the location perfect for those looking for a rural environment with amenities within close proximity.

Entrance hall Entering the property via the front door into the bright hallway with fitted carpet flooring, stairs to the landing, radiator, window to the side and access into rooms.

Lounge 19 0" x 11 0" (5.79m x 3.35m) Welcoming living room for relaxing and entertaining, featuring the large brick surround and hearth for a fireplace, with wooden effect flooring throughout, exposed ceiling beams, many plug sockets, TV aerial, two radiators and two windows facing the front aspect.

Kitchen 14 9" x 9 4" (4.5m x 2.84m) Bright fitted kitchen boasting a range of base and wall units with work surfaces over and tiled splash backs, inset stainless steel sink and drainer with mixer tap above, integrated oven and hob with extractor hood above, space for washing machine/tumble dryer, housing of the boiler, ample fitted storage space, plug sockets for all appliances, built in wine storage, tiled flooring, wide opening into the dining room, one window to the rear besides the external door.

Dining room 10 9" x 9 1" (3.28m x 2.77m) Formal dining room for hosting family and friends, offering fitted carpet flooring, exposed ceiling beams creating the charming interior, along with space for the large fridge/freezer, radiator and wide window to the rear.

WC Ground floor cloakroom comprising tiled flooring, hand wash basin with splash back, low level WC and side frosted window.

First floor landing Open landing with fitted carpet flowing up from the stairs with wooden banisters around, one large storage cupboard and access into rooms.

Bedroom one 13 6" x 10 9" (4.11m x 3.28m) Generous principal bedroom benefiting from space for all furniture units with one built in wardrobe, fitted carpet flooring throughout, one radiator and wide window overlooking the private frontage.

Bathroom Family bathroom comprising tiled flooring and walls, p-shape panelled bath with an overhead shower and screen, hand wash basin, low level WC, radiator and velux window.

Bedroom two 15 0" x 9 6" (4.57m x 2.9m) Spacious double bedroom leading off the first floor landing besides bedroom three, offering fitted carpet flooring laid within, side vaulted ceiling with exposed beams, one radiator and velux window.

Bedroom three 11 9" x 9 9" (3.58m x 2.97m) Third double bedroom also offering the opportunity to be an office, nursery or games room with fitted carpet flooring, side vaulted ceiling with exposed beams, radiator and pone velux window enhancing the bright style.

Exterior When approaching the property, you will be greeted by the private driveway offering parking space and guiding you to the single unit garage, with an up and over door and power within.

To the rear of the property, you will find the private garden mainly laid to lawn and patio offering the ideal spaces for alfresco dining. Accessed from the side gate, garage personal door and external kitchen door. Mature planting and wooden fencing enclose the space, and enhance the high degree of privacy.

Agents note Minors and Brady understand that the property will be sold freehold and is connected to the mains electricity, gas, water and drainage along with double glazing throughout.

Council Tax Band C

disclaimer: We endeavour to make our adverts accurate and correct, and ask our sellers to approve these details prior to going to market, however these do not form any part of a contract and any buyers are advised to check the details upon viewing, including any specifications, sizes and whats included on their fixtures and fittings forms when purchasing.



Features
  • Freehold

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

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Gross Yield

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Annual ROI

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Annual Rental Profit

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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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This is the percentage of the rent that you will spend maintaining the property.

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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.

£

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
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    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

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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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