3 bedroom detached bungalow for sale

£400,000 Offers in excess of

3

Bedrooms

Floorplan

Discover this charming and well-maintained detached bungalow, chain free bungalow ready and waiting for new owners to add their own personal touch, in the sought-after village of Fornham St Martin, just northwest of Bury St Edmunds. This delightful home boasts all the "I wants", including two spacious reception rooms, a conservatory, a utility room, and a cloakroom. With three well-proportioned bedrooms and a modern shower room, this property offers comfortable and flexible living. Enjoy the benefits of a south-facing garden, perfect for relaxation and outdoor entertaining. The large driveway and garage provide ample parking, while the location offers easy access to the A14 and nearby amenities. Dont miss out on this rare opportunity! Contact us today to arrange a viewing and make this bungalow your new home.

ENTRANCE HALL: Karndean style floor, radiator.

CLOAKROOM: Low level WC, wash hand basin, tiled splash back, window to front, ceramic tiled floor, radiator.

KITCHEN: 10 08" x 10 00" (3.25m x 3.05m) Window to side, 1.5 stainless steel inset drainer with mixer tap over, cupboard under, electric hob with extractor hood over, eye level double oven, plumbing for automatic dishwasher, wall mounted units, work surfaces with units under, tiled splash backs, ceramic tiled floor.

UTILITY ROOM: 7 00" x 6 09" (2.13m x 2.06m) Part glazed door to side, window to side, combination wall mounted gas boiler, wall mounted units, work surfaces, plumbing for automatic washing machine, ceiling spot lights, radiator.

SITTING ROOM: 18 07" x 11 04" (5.66m x 3.45m) TV point, radiator, sliding door to dining room, open fireplace, currently capped with wooden mantle piece, radiator, sliding patio doors to garden.

DINING ROOM: 13 07" x 10 09" (4.14m x 3.28m) Radiator, sliding patio doors to conservatory.

CONSERVATORY: 12 04" x 9 04" (3.76m x 2.84m) Ceramic tiled floor, patio doors to side, glass roof.

INNER HALL: Radiator, loft access, double shelved airing cupboard with radiator inside.

BEDROOM ONE: 13 07" x 10 08" (4.14m x 3.25m) Window to rear, radiator, range of fitted wardrobes and chest of drawers.

BEDROOM TWO: 10 00" x 9 09" (3.05m x 2.97m) Wash hand basin with unit under, dressing table, double wardrobe.

SHOWER ROOM: Low level WC, double size shower, wash hand basin with unit under, fully tiled walls, radiator, ceramic tiled floor, window to side.

BEDROOM THREE: 10 070" x 7 00" (4.83m x 2.13m) Currently used as study, window to front, radiator.


OUTSIDE: To the front is the driveway providing ample carparking with a low maintenance area and established borders
The rear garden has two patio areas, and is laid predominantly to lawn, with established rockery, pergola, outside power, gate to side to bin area with a tap, power point and gate to front.

GARAGE: 16 07" x 9 08" (5.05m x 2.95m) Eaves storage place, electric roll up door, power and light connected, security light to side.

ENERGY PERFORMANCE CERTIFICATE C: A full copy of the report is available from the Agent.

ADDITIONAL INFORMATION: Council Tax Band: D
Local Authority: West Suffolk
Mains water, gas and electricity connected
Vacant possession on completion

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

LOCATION: Fornham St Martin is a popular village on the outskirts of Bury St Edmunds. Benefitting from a pub, nearby hotel, village hall, church and close proximity to 2 golf courses.

Bury St Edmunds is an attractive, vibrant medieval market town, with great schools, colleges, and cultural amenities, including the Cathedral, Theatre Royal, Abbey Gardens, cinemas, rail station, shops and independent restaurants. The town has private and NHS hospitals, with Stansted Airport and London accessed via A14/A11 offering main routes to the East Coast and local towns of Cambridge, Norwich and Ipswich.

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

£ 332700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 10000
  • 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

£ 32700
  • 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

Adjust these figures

  %
  %
£
  %

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

Adjust these figures

  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message