3 bedroom cottage for sale

£280,000 Offers in excess of

3

Bedrooms

Floorplan

Imagine unwinding in your own private garden, with ample space for relaxation, gardening, or entertaining guests. Just a short walk away, a quaint village school awaits, making mornings convenient for families with young children. The homes location also provides easy access to nearby towns, with Thetford and Bury St Edmunds only a short drive away for shopping, dining, and commuting. The accommodation comprises on the ground floor living room, kitchen diner, rear lobby and bathroom. Upstairs there are 3 bedrooms all of which have lovely views. Dont miss this opportunity to own this charming cottage

THE ACCOMMODATION COMPRISES

LIVING ROOM 18 04" x 11 09 (max)" (5.59m x 3.58m) 6 03" (min) (1.91m)
Two windows to front wood laminate flooring, TV point,radiator, under stairs storage cupboard, enclosed stairs to first floor,
feature fire place with wood surround,offering potential for open fire/log burner, subject to flue lining.

KITCHEN DINER 15 04" x 11 04" (4.67m x 3.45m) Window to rear and side, stainless steel inset drainer, mixer over, cupboards under, range of wall mounted units, work surfaces with cupboards under, tiled splashback, space for electric cooker, stainless steel splash back, plumbing for dishwasher. Cupboard
housing lagged hot water tank


WALK-IN PANTRY 4 08" x 3 03" (1.42m x 0.99m) Shelves and plumbing for automatic washing machine

REAR LOBBY Wood laminate floor, part glazed door to side and door to

BATHROOM Panel bath shower over, wash hand basin, storage unit under, low level WC, tiled splash back, radiator, window to rear, electric toothbrush/shaver power socket

FIRST FLOOR LANDING with radiator, loft hatch, cupboard housing consumer unit

BEDROOM 1 12 05" x 9 08" (3.78m x 2.95m) window to rear, bespoke hand built-in dressing table and three single wardrobes, two of which are double depth with shelving behind

BEDROOM 2 11 06" x 9 00" (3.51m x 2.74m) window to front, views towards Green, radiator

BEDROOM 3 8 09" x 6 02" (2.67m x 1.88m) Window to front, Countryside views, radiator

OUTSIDE To the front there is a driveway providing ample carparking. The garden is laid predominantly to lawn, There is a 5-bar gate leading to further side and rear garden, external oil fired boiler.

The rear garden is laid predominantly to lawn with raised flowerbeds, screened oil storage tank and garden storage shed. External power sockets and tap

AGENTS NOTE Additional garden space is currently rented from Euston Estate under a peppercorn Grazing Licence agreement. Freestanding cooker & fridge-freezer may be available to purchaser. Bespoke Shepherds Hut offering acillary accommodation may also be available subject to private negotiation.

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).

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 at the crossroads onto Sapiston Road and continue where the property can be found straight ahead opposite the Green.

ADDITIONAL INFORMATION Council Tax Band: C
Local Authority: West Suffolk
Oil fired central heating
Vacant Possession upon completion - offered CHAIN FREE
Energy Performance Certificate E - A full copy of the report is available upon request

VIEWING ARRANGEMENTS Strictly by appointment with the Sales Agent, Martin & Co. Please call 01284 701511 to arrange a mutually convenient time.

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

£ 233700

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
    £ 7000
  • 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

£ 23700
  • 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

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  • 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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