4 bedroom detached for sale

£800,000 Guide Price

4

Bedrooms

Bungay - 3.9 miles
Halesworth - 7.2 miles
Southwold - 15.7 miles
Norwich City - 19.0 miles

An attractive and imposing red brick Victorian family home offered with on-site, fully trading holiday let/annexe and optional glamping business, providing a wealth of living/working options. Situated on the Norfolk/Suffolk border enjoying 1.5 acres (stms) of immaculate grounds, enjoying stunning, open rural views whilst being superbly accessible to the market towns of Bungay, Beccles & Halesworth with both the cathedral city of Norwich and the stunning Suffolk Coast just a short drive. Viewing is essential to appreciate the attention to detail, space and position The Forge offers.

The Forge comprises briefly:
Entrance Hall
Cloakroom
Sitting Room
Kitchen/Breakfast Room
Vaulted Reception Room
Family/Dining Room
Study
Master Bedroom & En-Suite Shower Room
Two Further Double Bedrooms
Family Bathroom
Garage/Workshop & Studio
1.5 Acre Grounds (stms)

Stable Barn Comprises Briefly:
Entrance Hall
Kitchen Dining Room
Sitting Room
Large Double Bedroom
Shower Room
Space to provide private garden

The Property
Entering The Forge at the rear of the house we step below the storm porch and are welcomed into the impressive vaulted reception area which links to all of the main living spaces and our eye is drawn to the exacting standard of finish executed throughout this stunning home. Travertine stone flooring lines the space and provides a beautiful contrast to the oak and glass staircase which rises to the first floor. A wood burner offers a cosy focal point to this superb room and we flow open plan into the family/dining room set to the rear. This space has become the hub of this family home enjoying views over the entire site and beyond to the open countryside. Two velux windows are set to the vaulted ceiling whilst French doors open to the garden. Below the stairs, a door opens to the study which offers a versatile space to work from home, an additional reception room or a ground-floor bedroom. At the front of the property, we enter the original structure of the house where we find the sitting room and kitchen breakfast room. The sitting room offers a cosy contrast to the large open-plan living at the rear, a large fireplace provides a charming focal point to the room and houses the second wood burner. On the opposite side, the kitchen breakfast room echoes the superb standard throughout the property and boasts an extensive range of classic-styled units set against timber effect work surfaces. terracotta paments line the floor and space is made for a range-style cooker. A central island provides additional work space and storage whilst the sink is set enjoying the open views to the front of the house. from here a door leads to the front entrance porch and ground floor cloakroom. Climbing the stairs to the first floor the exposed red brick chimney breast provides a stunning feature to the landing. Our second staircase rises to the upper floor whilst doors open to the first two double bedrooms. On the right, we find a generous double room that looks onto the front aspect whilst to the left the master bedroom again enjoys the superb open view to the front aspect and boasts an en-suite shower room. An original wrought iron fireplace reminds us of the age of the home. On the upper floor, the landing leads to a further impressive double bedroom which boasts a wall of fitted wardrobes whilst on the opposite side the family bathroom boasts fantastic proportions and is complimented by a free-standing bath stood against a tiled brick wall, classic wash basin and w/c, with Karndean flooring, this completes the accommodation.

Stable Barn (Holiday Let/Annexe)
Entering Stable Barn via the front door where we are welcomed by the extensive entrance hall, the feeling of space and light coupled with the exceptional standard of finish is everything you could expect from a bespoke, high-end holiday home. The hallway leads to all of the rooms where the space continues to impress. At the head of the hall, we step into the sitting room where the exposed timber beams offer a charming focal point only overshadowed by the stunning views from the full-height windows that look onto the open countryside whilst double doors to the front offer a superb dual aspect to the room. Stepping along the hall we find the shower room which again offers the wow factor. Tiled herringbone flooring complements the space whilst the contrasting emerald tiles line the wet areas of the wall. Adjacent we find the large double bedroom where we wake up to the stunning open views. Completing Stable Barn the kitchen dining room is fitted with a range of contemporary units that offer ample storage and working space above whilst room for family dining is uncompromised. A triple aspect to this room fills the space with natural light and views of the site and opens fields beyond. Outside a paved courtyard offers seating and leads to the private garden area that would ideally serve this if needed as a permanent dwelling.

Outside
Entering via the five-bar gate at the side of the house we are welcomed onto the vast shingle driveway which offers ample parking and turning whilst providing access to the garage/workshop & studio and Stable Barn. The driveway continues to provide vehicular access to the grounds and we find further parking to the rear of the studio. Set to the Western boundary a large area of private garden currently serves as a mini golf course for our vendors and guests alike and would ideally lend itself to a self-contained garden for either the Forge or Stable Barn if required. Passing the extensive shingle driveway which forms a courtyard between the three buildings we find the recently completed garage/workshop and studio space. Benefiting from power, light, heat, and broadband connection this versatile space boasts Karndean flooring throughout the ground floor and offers versatile use, above a mezzanine leads from the studio where we enjoy the most impressive views from the Juliet balcony. Set to the rear of the studio an extensive patio provides the perfect spot to marvel at the view, a hot tub is currently in situ. From here we find additional parking and access to the first of the two meadow spaces. Approx 0.5 acre and laid to grass this beautiful space again enjoys the open field views. Here we find the permission for two glamping pitches should a new owner wish to further expand the business and having previously operated, a shower, toilet, and outside kitchen facility is in place to serve this. Adjacent we find a three-block stable building that is currently used for storage but provides equestrian use should someone require. The second meadow again provides approx 0.5 acres and is accessed via a five-bar gate. The entire site is enclosed with a mix of post and rail fencing and established well-kept native hedges.

Location
The property occupies a peaceful, rural but not isolated position conveniently located close to the attractive Market Towns of Bungay, Halesworth & Harleston, all of which provide numerous shops, schools, and all other essential amenities which may be needed. The Cathedral City of Norwich lies approximately 20miles to the north with a mainline rail service to London Liverpool Street (approx 1hr 40mins) and an expanding airport on the north side of the city with international flights. Southwold and the unspoiled Suffolk coastline is within an easy driving distance.

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

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

Services;
Mains electricity
Mains water
Private drainage
Bio mass central heating

EPC Rating The Forge : E (52)
EPC Rating Stable Barn : D (57)

Local Authority:
East Suffolk Council
Tax Band: D
Postcode: NR35 1QZ

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

£ 662700

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
    £ 20000
  • 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

£ 62700
  • 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
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  • 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.

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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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Final Property Value

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