5 bedroom detached for sale

£850,000 Guide Price

5

Bedrooms

Floorplan

Bungay 2.2 miles
Beccles 6.3 miles
Southwold 14.9 miles
Norwich 20.5 miles

A quintessential detached red brick and flint cottage, centrally situated in its substantial plot and making the most of the stunning elevated views over the rolling Suffolk countryside. The property offers deceptively spacious accommodation boasting three superb reception rooms and five double bedrooms coupled with a range of modern kitchen, bathroom and utility areas. Outside we find delightful, private grounds approaching 1.5 acres (stms) which boasts a large double garage/workshop and extensive barn whilst enjoying and benefitting from an income off the adjoining 1.5 acre (stms) five pitch touring caravan site. Viewing is essential to fully appreciate all this wonderful home has to offer.

Property comprises briefly :
Reception Entrance/Garden Room
Sitting Room
Dining Room
Kitchen
Utility
Ground Floor Shower/Wet Room
Generous First Floor Landing
Master Bedroom
Principle Bathroom
Four Further Bedrooms
Shower Room
Double Garage & Workshop
50.ft Barn
2.78 Acre (stms) Established Grounds

The Property
Stepping through the front door of Holly Heights we are welcomed by the stunning garden room which wraps around the eastern side of the house, the standard of finish and exceptional space that flow throughout the home are instantly apparent. The herringbone brick floor is charming whilst the recently replaced windows which continue throughout the home bring the convenience of modern living. Doors open to the main accommodation via the entrance hall and also to the utility room, ideal to wash off your boots after enjoying one of the many country walks. Stepping through the entrance hall we enter the main house via the dining room. This stunning space measures over 20.ft and offers the perfect central hub to the house designed around family life and entertaining alike. Our eye is drawn to the fireplace where we grab a view through into the sitting room past the double sided wood burner. Timber herringbone flooring lines the room whilst our dog leg stair case rises to the first floor. Both the sitting room and kitchen flow from the dining space. The sitting room provides a delightful triple aspect room that is soaked in natural light. The feature fireplace looks back to the dining room whilst French doors open to the garden where we are greeted by the pond. Stepping back through the dining room we enter the kitchen where a modern range of oak fronted wall and base units contrast against the tiled flooring and contrasting work tops. A fitted fridge freezer and dishwasher feature whilst a range style cooker provides a charming focal point. Windows look onto the gardens and stunning rolling countryside views beyond whilst a door leads to the same. Internally we step into the utility room where we find a mass of storage and the ground floor shower/wet room which is finished in the modern yet sympathetic style our vendors have been so careful to create. A door in the utility returns to the garden room. Climbing the stairs to the first floor landing we step onto a landing which is fit for the house, a room in itself this space offers an ideal spot to work from. At the head of the stairs we find the larger two bedrooms, of which the master is set enjoying a dual aspect view of the pond and grounds. The principle bathroom sits adjacent to the master bedroom and continues the excellent finish found throughout boasting a bath, separate shower, wash basin and w/c. Stepping across the landing we find the three further double bedrooms. Completing the accommodation we find the shower room ideally positioned to serve these three rooms.

Outside
Approaching the property from Lodge Road we access Holly Heights via the tree lined driveway, we find separate gated access to the main residence and the current touring campsite. The campsite approaches an acre and a half (stms) and offers the most delightful position enjoying elevated views of the Suffolk countryside whilst on site we find five electric hook up points along with a sewage and water service. The grounds offer a delightful space for each pitch to enjoy even when full, and further grassed areas offer space to walk or simply relax. Continuing along the drive we access the grounds that surround the main house, a five bar gate opens to the extensive parking area set to the front of the charming home. From the parking area we access the garage and workshop (double garage) where we also find a sunken glass house/greenhouse attached to the rear. The grounds wrap around the property enjoying a large pond, open grassed areas and a variety of native fruit and flowering trees. From every aspect we enjoy the most breathtaking views of the open Suffolk countryside. Completing the site gated access opens to a further driveway which leads us past the external wine cellar and access the extensive barn. Currently used as a vast workshop the building approaches 50.ft offering a superb footprint and versatile space.

Location
Holly Heights, enjoys an elevated, rural yet accessible position on the outskirts of the charming Market Town of Bungay. Bungay is set within the popular Waveney Valley and offers a good range of all the necessary amenities and shops, schools, antique shops, restaurants, the Fisher Theatre (now showing films) and leisure facilities including indoor swimming pool and golf club. The Cathedral City of Norwich is 30 mins drive to the North and has a mainline train link to London Liverpool Street (1hr54mins). The unspoilt heritage coastline of Suffolk with the lovely beaches of Southwold and Walberswick are approx 16 miles away.

Tenure
Vacant possession of the freehold will be given on 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.

Services
LPG Fired Central Heating
Mains Water
Mains Electricity
Private Drainage

Local Authority
East Suffolk Council
Tax Band: G
Postcode: NR34 8JH
Energy Rating: E (with improvements)

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

£ 703950

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
    £ 21250
  • 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

£ 66450
  • 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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