4 bedroom detached for sale

£700,000 OIRO

4

Bedrooms

Bungay - 2.2 miles
Beccles - 3.6 miles
Norwich - 16.2 miles
Southwold & The Coast - 17.8 miles

A truly unique opportunity to purchase this largely un-altered, but well cared for, four bedroom, detached, 16th Century Farmhouse situated within The Broads Heritage Park in the ever popular Waveney Valley. The property occupies a site in excess of 13. Acres (stms) offering uncompromised wild gardens, orchards, hard standing and low level marsh grazing. A Timber Frame Barn with attached garage stands on site offering a wealth of additional potential for a new owner whilst an open fronted former cartshed provides a double garage space and a large former cattle shed is also found. The property has been protected by the current vendors over the last two decades retaining features rarely seen today. Viewing is essential to appreciate the space, location and character on offer.

The property comprises briefly:
Charming 16th Century Farmhouse
Two Reception Rooms with Inglenook Fireplaces
Kitchen/Breakfast Room
Study
Utility/Cloakroom & Lavatory
Walk In Pantry
Four Double Bedrooms
Bathroom & Separate Lavatory
Two Large Attic Rooms
962 Sq.ft Timber Framed Barn
Additional Outbuildings
1.57 Acre (stms) Garden Grounds
11.72 (stms) Grazing Meadows/Marsh

The Property
Entering Bensteads Farmhouse via the front door we pass over the cottage garden which leads from the extensive hard standing which forms part of the driveway. Pushing open the front door to the sitting room the feeling of space and natural light rarely associated with a property of this era is instantly apparent whilst our eyes are drawn to the many charming features that have remained so well protected by the current owners. The brick floor is a delight to behold whilst the beam lined ceiling and inglenook fireplace encapsulate the building. To our left two doors lead onto; the study which enjoys a view over the frontage of the property whilst to the rear we step through the laundry (utility room) and into the ground floor lavatory. Back in the sitting room a door opens to the foot of the stairs that rise beside the fireplace whilst at the rear of the room a serious of internal windows look into the kitchen breakfast room whilst a doorway opens to the same. Passing the under stairs cupboard we find the formal dining room which enjoys a dual aspect with a window looking onto the frontage and French doors opening to the garden. A charming brick inglenook houses a second wood burning stove. At the rear the kitchen breakfast room offers a generous space for informal dining and cooking and enjoying the view over the gardens and beyond to the acreage, a classic butler sink is set below the window whilst the Aga takes centre stage in the room. A small lobby leads to the garden whilst on the right of the room a rear porch again leads to outside and the impressive walk in pantry. Climbing the stairs to the first floor we step onto the spacious landing which opens to the first three double bedrooms, bathroom and lavatory. Bedroom four is accessed via bedroom three and offers a fourth substantial double room with potential for re-configuration of the lavatory and bathroom allow for direct access off the landing. Oak floor boards line the entire first floor whilst windows in all of the bedrooms enjoy the stunning open views of the grounds. The lavatory is fitted with a sink and w/c whilst substantial bathroom boasts a bath, wash basin and vast cupboard space. Returning to the landing we find a door opening to the second staircase which rises to the attic. The attic spans the width of the property and offers two spaces divided by the chimney breast, oak floor boards again line the space whilst a window on each gable end fills the two rooms with natural light. This completes the accommodation.

Outside
Bensteads Farm is positioned on a private, rural yet not isolated plot which offers in excess of 13 Acres (stms) ideally situated for access to the market Towns of Bungay and Beccles whilst enjoying stunning un-interrupted views from every aspect. The Farm House sits in 1.57 Acres (stms) of informal gardens that wrap around the property providing open areas of truly wild but well kept natural gardens stocked with a wealth of native flowering plants whilst a vegetable patch and orchard area which boasts a variety of fruit giving trees provides a crop on site. To the front a large area of hard standing offers ample parking and leads to the front of the house. The hardstand continues offering access to both the open fronted garage and impressive former cattle shed. Passing the cattle shed the hard standing returns and leads us to the impressive timber barn. This barn has been constructed, as so often from older timbers imported to site and offers a fascinating interior that boasts 962 sq.ft of space at ground floor level. The building offers a 3.2m height to the first joists and 6.81m to the peak of the ridge. A second entrance from Low Road leads to the outbuildings. Beyond the gardens we find the additional 11.72 Acres (stms) of low level grazing land set to the north and east boundaries of the garden, this space is framed by mature well kept hedgerows and drainage ditches. Our vendors have allowed cattle grazing on the land but it offers a superb opportunity for a range uses or to simply enjoy

Location
The property occupies a peaceful, rural but not isolated position conveniently located close to the attractive Waveney Valley Market Towns of Bungay & Beccles both of which provide excellent local bus services, numerous shops, schools, and all other essential amenities which may be needed. Beccles offers a mainline train link to London via Ipswich. The Cathedral City of Norwich lies approximately 20miles to the north with a direct 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.

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. The property is awarded a Grade II Listing.

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 (Recently installed treatment plant)
Oil Fuel AGA & Woodburning Stoves

EPC Rating: TBA

Local Authority:
East Suffolk Council
Tax Band: E
Postcode: NR35 1TP

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

£
£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 580200

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
    £ 17500
  • 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

£ 55200
  • Mortgage Interest
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    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)
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  • Letting Fee
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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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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Final Property Value

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