5 bedroom detached bungalow for sale

£635,000 Guide Price

5

Bedrooms

Floorplan

Hopton On Sea & The Coast 2 miles
Lowestoft 4.2 miles
Gorleston 5.4 miles
Norwich 26.5 miles

A most exciting opportunity to purchase this beautifully presented, exceptionally spacious, modern detached bungalow set within a stunning private garden in the north Suffolk Village of Lound. The property has undergone a superbly executed re-modelling by the current owners which now boasts over 2300 sq.ft of accommodation offering stunning open plan living spaces, five double bedrooms, three bathrooms and utility room. Outside the gardens to the rear boast a private south facing aspect, soaked in sun throughout the day. To the front we find ample parking and turning space along with an attractive garden area. Access to the side leads us to additional parking and the double garage. This property is a must view.

Accommodation comprises briefly:
Entrance Hall
Open Plan Kitchen/Dining/Sitting Room
24.ft Living/Family Room
Utility Room
Family Bathroom
Master Bedroom & En-Suite
Bedroom Two & En-Suite
Bedroom Three & Four
Gallery Area leading to:
Guest Bedroom (First Floor)
0.25 Acre Grounds
Double Garage & Ample Parking
Superb Position

The Property
Entering Acorn Fields via the front door we are welcomed by the entrance hall an ideal space to kick off your boots after a country walk. This bright open feeling space is filled with natural light a theme our vendors have worked meticulously to continue throughout the home. Oak effect flooring continues throughout the entire living space further enhancing the open plan living the property boasts. From the hall we enter the kitchen which really has the WOW factor! This stunning room offers delightful proportions, natural light and informal dining at its very best, a range of ultra modern wall and base units line the far wall whilst the most impressive island takes centre stage adding to the storage below whilst providing an exceptional work/informal entertaining space. Integral ovens, hob and dishwasher are seamlessly included whilst space is made for a double width fridge freezer. A large window looks to the front aspect whilst the sink is set below a window offering a side view. A Velux roof window is set to the vaulted ceiling and further fills the room with light. From the kitchen we flow open plan firstly to the formal dining area which in-turn opens to the sitting room, these three space approach 40.ft of open space superb when entertaining or simply enjoying busy family life. From the sitting room we step out to the charming courtyard area which in turn opens to the gardens whilst inside a door leads us to the recently refitted utility room which discreetly houses the laundry equipment and boiler whilst providing access to the second parking area. Flowing back through the accommodation the kitchen leads open plan to the living/family room. This vast space enjoys two windows looking to the front gardens. Approaching 25.ft this room again is ideal when entertaining whilst offers a cosy space in the evening when closing the shutters. From the living space a hallway leads us through to the bedrooms and bathrooms. The first room we find is the family bathroom again finished to an excellent standard, the room boasts a corner bath, separate shower, w/c and floating feature basin set against modern splashbacks. The first of the bedrooms we find is set to the rear and offers a generous double room enjoying fitted wardrobes and an en-suite shower room. Stepping along the hall the space opens, out and up to provide a fabulous library area set below a full height gallery where stairs rise to the upper floor and two large Velux windows illuminate this feature area. Set to the front we find two further generous double rooms which again enjoy fitted wardrobes whilst the foot of the hall we step into the master bedroom. This most impressive room offers ample space for the expected master room furnishings and again enjoys twin fitted wardrobes. Two full height windows look onto the rear garden and door opens to the same providing the perfect spot to enjoy a morning coffee. A door opens to the generous en-suite shower room which echoes the finish throughout. Back in the hall we approach the staircase and notice the most discreet selection of storage below the stairs and the full height cupboards that line the wall. Climbing the stairs the landing provides a superb view of the gallery area and leads to the guest bedroom. This large double room currently serves as a home office and offers a variety of uses. Two low set Velux windows enjoy the far reaching views and fill the room with light whilst access to eaves storage on either side provides further handy storage.

Garden & Grounds
Approaching Acorn Fields via the quiet country lane we enter through electric gates that open to the generous parking and turning area at the front the of the property. Buff coloured block paving forms the drive which contrasts against the red brick of the building and the attractive green space that forms the generous front garden. The paving extends to the side of the property providing bin & other storage whilst at the front door a subtle raise offers disabled access which continues throughout the home. An attractive oak tree forms a centre piece to the garden whilst hedging frames the boundaries. Right of way to the side leads us to an additional parking area which in-turn access the garage/workshop space, from here a gate enters the rear garden and a door leads in via the utility room. The rear garden offers the perfect aspect, due south enjoying sunlight throughout the day. From the sitting room we step out onto a sheltered courtyard area ideal for summer entertaining and evening drinks. Established raised beds surround the space filling it with colour and scent, flower beds continue around the garden framing the boundaries. A large area of lawn extends to the foot of the garden where an arch leads to the working area which would provide a superb kitchen garden or play space.

Location
The north Suffolk village of Lound is located a few miles to the north of Lowestoft and is conveniently positioned within good access of the A47 providing excellent access to main routes and locally to the Heritage Coast at Hopton and James Paget Hospital in Gorleston. The village itself boasts The Village Maid restaurant & public house and a series of delightful walks along with the attractive Lound Lakes (a nature reserve belonging to Suffolk Wildlife Trust) to which a footpath leads, almost directly from the property. A further range of local amenities are close by in the villages of Somerleyton and Hopton. Lowestoft has a train link to both Ipswich and Norwich Stations whilst Norwich offers an Airport.

Fixtures and Fittings
All fixtures and fittings are specifically excluded from the sale, but may be available in addition, subject to separate negotiation.

Services
Oil Fired Central Heating. Owned Solar Panel System.
Private Drainage. Mains Electricity & Water.
EPC: B

Local Authority
East Suffolk Council
Tax Band: E
Postcode: NR32 5NE

Agents Note
The property is offered subject to and with the benefit of all rights of way, whether public or private, all way leaves, easements and other rights of way whether specifically mentioned or not.

Tenure
Vacant possession of the freehold will be given upon completion.

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

£ 526575

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
    £ 15875
  • 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

£ 50325
  • 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

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  • Final Equity Profit
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    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.

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