2 bedroom semi-detached for sale

£260,000 Offers in excess of

2

Bedrooms

Martin & Co are delighted to offer FOR SALE this rarely available semi-detached Grade II listed 2 bedroom cottage in semi-rural location. Refurbished throughout and accommodation comprises lounge/diner, kitchen, downstairs bathroom, 2 bedrooms and study/cot/dressing room. Driveway, outbuildings and good sized garden. Benefits external oil fired boiler and offered CHAIN FREE.

ACCOMMODATION COMPRISES: Wooden front door with canopy over opening to:

LIVING ROOM: 12 01" x 11 09" (3.68m x 3.58m) Wood effect laminate flooring. Window to front with secondary glazing. Radiator.

KITCHEN/DINER: 15 02" x 11 04" (4.62m x 3.45m) Minimum 9 07" (2.92m). Range of wall and base units with worktop, tiled splashback and inset stainless steel sink with drainer and mixer tap. Space for cooker, extractor above. Space/plumbing for washing machine. Window to side and rear aspect. Radiator. Wood effect laminate flooring. Door to Larder cupboard: 5 03" x 3 03" (1.6m x 0.99m) with window to side and shelves. Two integral storage cupboards.

LOBBY: 4 11" x 4 09" (1.5m x 1.45m) Wood effect laminate flooring. Radiator. Half glazed door to side.

BATHROOM (GROUND): 8 06" x 5 06" (2.59m x 1.68m) Fully tiled around bath with hot and cold taps, thermostatic shower over and concertina glass shower screen. Low level WC and vanity wash basin with cupboard under. Radiator. Obscured window to rear aspect. Vinyl flooring.

LANDING AREA: 5 04" x 3 03" (1.63m x 0.99m) With loft hatch. Radiator.

BEDROOM ONE: 12 00" x 11 09" (3.66m x 3.58m) Window with secondary glazing to front aspect. Radiator. Carpet.

BEDROOM TWO: 9 06" x 8 11" (2.9m x 2.72m) Window with secondary glazing to rear aspect. Radiator. Airing cupboard housing water cylinder. Carpet.

STUDY/COT/DRESSING ROOM: 5 08" x 5 06" (1.73m x 1.68m) Window to rear aspect. Radiator. Carpet.

OUTSIDE: Front gravel driveway offering ample parking. Fully enclosed rear garden mainly laid to lawn with raised planters, oil tank and external oil fired boiler.


OUTBUILDINGS: Brick and flint outbuildings with pantile roof, exposed beams and scope to update/extend (stpp). One of the outbuildings does have power and light.
FIRST: 8 01" x 7 10" (2.46m x 2.39m)
SECOND: 8 06" x 8 02" (2.59m x 2.49m)

ADDITIONAL INFORMATION: Council Tax Band: C (approx 1797 per annum)
Local Authority: West Suffolk
Mains electricity, water and drainage are connected (not tested)
Oil fired central heating
Vacant Possession upon completion - offered CHAIN FREE

ENERGY PERFORMANCE RATING: E This property is GRADE II listed. A full copy of the report can be obtained from the Sales Agent or from:
https://find-energycertificate.digital.communities.gov.uk/

DIRECTIONS: From our office on Angel Hill bear right onto Mustow Street and continue forward onto Eastgate Street at roundabout take 2nd exit onto Barton Road then at traffic lights turn left under bridge and at next roundabout take 2nd exit A143. Continue onto Ixworth then at roundabout take 3rd exit and at next take first exit onto A1088 towards Thetford. On entering Honington turn right onto Sapiston Road and continue where the property can be found straight ahead opposite the green.

LOCATION: Honington is a small village in Suffolk on the Norfolk border. Approx 8 miles from Bury St Edmunds and 6 miles from Thetford with good access to main routes. With the convenience of local shop, takeaway, public house and primary school. Known for its RAF base RAF Honington (no longer flying activity).

ADDITIONAL INFORMATION Council Tax Band: C (approx 1797 per annum)
Local Authority: West Suffolk
Mains electricity, water and drainage are connected (not tested)
Oil fired central heating
Vacant Possession upon completion - offered CHAIN FREE

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

£ 217200

Mortgage Loan to Value

%

Gross Yield

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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
    £ 6500
  • 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

£ 22200
  • 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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