4 bedroom detached for sale

£365,000 Guide Price

4

Bedrooms

Floorplan

Beccles - 5.4 miles
Halesworth - 8.8 miles
Norwich - 15.4 miles
Southwold & The Coast -16.2 miles

A most impressive, immaculately presented, detached, four bedroom family home, ideally situated offering superb access for the town, schools and local amenities. The property has been enjoyed and updated by the current owners over the last decade and offers spacious accommodation designed around modern family life and entertaining alike. Outside we find gated off road parking that leads to the garage/store and studio whilst the rear garden is a delight and enjoys the westerly aspect perfect for the afternoon and evening sun. Viewing is essential.

The property comprises briefly:
Reception Hall
Sitting/Family Room
Kitchen/Dining Room
Galleried First Floor Landing
Master Bedroom with En-Suite
Three Further Bedrooms
Family Bathroom
Garage/Store & Fully Insulated Studio
Off Road Parking Parking
Delightful West Facing Rear Garden

Inside the home
Stepping through the attractive front door of this family home we are welcomed by the exceptional reception hall where the feeling of space and overall of standard of the property is instantly apparent. Timber flooring underfoot lines the hall and light from the window at the head of the stairs flows into the space. To the right we step into the sitting room and to our left we find the kitchen/dining room. The timber flooring flows throughout the entire ground floor bringing continuity and adding to the feeling of space. Stepping into the sitting room the proportions do not disappoint. Light flows through the room from a large window to the front aspect whilst French doors lead out to the patio and enjoy a view of the garden, ideal throughout the summer months. A large under stairs cupboard offers superb storage and a feature electric fire offers a cosy focal point to this generous room. Across the hall we step into the kitchen dining room where the theme of space and light continues. A generous dining area looks to the front aspect and offers room for a family dining table and range of other furnishings if required whilst the kitchen itself offers an extensive range of wall and base units providing uncompromised storage and work space. A feature island compliments the units and boasts lockable castors allowing it to moved to suit individual needs. A fitted double oven and gas hob feature along with a dishwasher, fridge and washing machine. Our sink is set below a window looking to the gardens whilst a door opens to the same again perfect for summer entertaining. Climbing the stairs to the first floor we step onto the generous galleried landing. At the head of the stairs is the first of the bathrooms, fitted to an exceptional standard. The room boasts a bath with shower above, wash basin and w/c complimented by tiled flooring and splash backs. On the landing we pass the airing cupboard and master bedroom before finding the first three fantastic bedrooms. Bedroom two looks to the rear whilst bedroom three to the front, both offer exceptional double rooms whilst bedroom four is currently fitted with a range of wardrobes serving as a dressing room and home office yet could provide a fourth double room if required. Completing the accommodation we step into the master bedroom where again the feeling of space and light found throughout the home is instantly apparent. A range of inbuilt wardrobes enhance the space and door opens to the newly refurbished en-suite which boasts a double with shower, wash basin and w/c set against the most attractive tiled walls and flooring.

Gardens & Grounds
Approaching the property from Kings road we pass the delightful frontage which is hard landscaped with a step leading to the front door. To the side of the house iron gates open to the driveway where we find the off road parking and access to the detached garage. From the driveway we flow directly into the rear gardens via an extensive patio which leads from both the kitchen and and French doors leading out of the sitting room providing a superbly sociable space perfect for summer entertaining and enjoying the afternoon and evening sun. From the patio a path leads us to the side of the garage which provides:- in one half a garage store area accessed via an electric roller door. The second half of the garage provides an exceptional, fully insulated studio/home office which can be accessed internally and from the separate external door. Returning to the garden we find a delightful area of lawn which is fully enclosed by timber fencing and framed with an extensive range of borders stocked with perennial flowers and shrubs that fill the garden with colour and scent throughout the seasons.

Location
This property is situated on a modern development close to the town centre of Bungay and footsteps from the High School and Leisure Centre. Bungay offers a good range of all the necessary amenities and shops, schools, antique shops, restaurants, The Fisher Theatre and leisure facilities including indoor swimming pool and golf club. The Cathedral City of Norwich is about 30 mins drive to the North and has a mainline train link to London Liverpool Street (1hr 54mins). Diss provides another mainline link to London and is 19 miles distance. The unspoilt heritage coastline of Suffolk with the lovely beaches of Southwold and Walberswick are a short distance away.

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

Services
All mains connected. Gas fired central heating. Fibre Broadband to the Premises

Energy Rating: TBA

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

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.

Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £1,578.50

Total Interest: £203,261.46

Overall Total: £568,261.46

Amortization For Monthly Payment: £1,578.50 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£11,572.54 £7,369.51 £357,630.49 
2026£11,333.22 £7,608.83 £350,021.66 
2027£11,086.14 £7,855.91 £342,165.75 
2028£10,831.03 £8,111.02 £334,054.73 
2029£10,567.64 £8,374.41 £325,680.32 
2030£10,295.69 £8,646.36 £317,033.96 
2031£10,014.91 £8,927.14 £308,106.82 
2032£9,725.02 £9,217.03 £298,889.79 
2033£9,425.71 £9,516.34 £289,373.45 
2034£9,116.68 £9,825.37 £279,548.07 
2035£8,797.61 £10,144.44 £269,403.64 
2036£8,468.19 £10,473.86 £258,929.77 
2037£8,128.06 £10,813.99 £248,115.79 
2038£7,776.89 £11,165.15 £236,950.63 
2039£7,414.32 £11,527.73 £225,422.91 
2040£7,039.98 £11,902.07 £213,520.83 
2041£6,653.47 £12,288.57 £201,232.26 
2042£6,254.42 £12,687.63 £188,544.63 
2043£5,842.41 £13,099.64 £175,444.99 
2044£5,417.02 £13,525.03 £161,919.96 
2045£4,977.81 £13,964.24 £147,955.72 
2046£4,524.34 £14,417.71 £133,538.02 
2047£4,056.15 £14,885.90 £118,652.12 
2048£3,572.75 £15,369.30 £103,282.82 
2049£3,073.66 £15,868.39 £87,414.43 
2050£2,558.35 £16,383.69 £71,030.74 
2051£2,026.32 £16,915.73 £54,115.01 
2052£1,477.00 £17,465.04 £36,649.96 
2053£909.85 £18,032.20 £18,617.77 
2054£324.28 £18,617.77 £0.00 

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

£ 291,325

Mortgage Loan to Value

80%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 19,789

Cumulative Rental Profit

£ 197,888

Cost of Purchase

£ 17,575
  • Stamp Duty
    £ 5,750

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 9,125
  • 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

£ 24,011
  • Mortgage Interest
    £ 13,110

    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)
    £ 5,782
  • Letting Fee
    £ 240
  • Maintenance
    £ 4,380
  • 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

£ 409,859
  • Final Equity Profit
    £ 211,972

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 197,888

    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

£ 594,547

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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