2 bedroom detached bungalow for sale

£495,000 Guide Price

2

Bedrooms

Floorplan

Woodton - 2.5 miles
Bungay - 5.1 miles
Norwich - 13.4 miles
Southwold & The Coast - 22.4 miles

An excellent opportunity to purchase this attractive, deceptively spacious detached bungalow situated enjoying field views from the 0.4 Acre (stms) plot. The property boasts versatile accommodation with a design that compliments modern living with a generous entrance hall, sitting room, snug, kitchen, generous dining/family room, two generous double bedrooms, bathroom and en-suite w/c to the second bedroom. Outside the extensive plot is framed with mature trees and shrubs and offers a patio and generous lawned gardens to both the front and rear, whilst an extensive driveway leads to the detached garage.

Accommodation comprises briefly of:
Entrance Hall
Sitting Room
Snug/Bedroom Three
Dining Room
Kitchen
Master Bedroom & Shower
Guest Bedroom & En-Suite W/C
Attractive Gardens
Garage & Ample Parking

The Property
Stepping through the front door of this delightful home the character so rarely found in a bungalow and feeling of space are instantly apparent. The entrance hall leads to all of the main accommodation the first of which is the sitting room set to the right of the hall. This exceptional room spans over 18.ft providing the perfect space for family living and entertaining alike, a window looks to the frontage whilst French doors open to the garden ideal when summer entertaining. A feature fire place commands a cosy focal point to the room. Stepping along the hall we find our two double bedrooms. The first, set to the front offers an exceptional master bedroom space which enjoys a dressing area with fitted wardrobes. A shower serves the bedroom via a door off the hall. Adjacent the guest bedroom boasts an en-suite w/c and fitted wardrobes leaving ample space for a double bed. Back in the hall we head towards the hub of the home where we find our snug, kitchen and dining room, all enjoying a view of the rear gardens and open fields beyond. This is where our vendors enjoy most of their time. The snug offers a substantial reception room with French doors opening to the patio. A cast iron fire is set to the fireplace creating the perfect cosy evening space. Back in the hall the recently re-fitted bathroom boasts a bath with shower over, wash basin and w/c set to a modern vanity unit. The hall continues to the kitchen where our eye is instantly drawn to the parquet flooring. A range of units line the walls and we find a fitted oven, hob and extractor whilst the sink is set below a window enjoying the delightful views. The kitchen flows into the dining/family room perfect when entertaining. This generous room boasts French doors opening to both the front and rear aspect allowing us to enjoy all of the garden views. This completes the accommodation.

Outside
The property is approached from Topcroft Street via a generous driveway which wraps around the extensive front lawns providing an exceptional parking and turning area to the front of the bungalow. The driveway continues across the front of the property giving access to the detached garage. The driveway leads us to the front door of the property whilst gated access opens to the rear garden. At the front the generous plot enjoys privacy from the road and offers a deceptive space which is laid to lawn and framed with mature trees and shrubs. At the rear the plot really comes into its own, a large area of patio spans across the rear of the bungalow offering the perfect spot to enjoy the southerly aspect and entertain in the summer months. The patio opens to the extensive lawns where again we find a variety of established trees and shrubs framing the open field views to the rear. A timber summer house is set to the rear boundary whilst at the rear of the garage we find a workshop/garden store space. The entire plot extends to 0.4 Acre (stms).

Location
This superb bungalow is located in the much sought after village of Topcroft situated 2.5 miles from Woodton Village which provides a primary school, public house/resturaunt, church and active community. The Cathedral City of Norwich lies approximately 13 miles to the north with a mainline rail service to London Liverpool Street (approx 1hr 54 mins) and an expanding airport on the north side of the city with international flights. Southwold and the unspoilt Suffolk coastline is within an easy driving distance, whilst the market town of Bungay is set just 5 miles south, providing a range of shops, restaurants and river access.

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.

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
Mains water and electricity. Oil fired central heating. Private Drainage.

EPC: E

Local Authority: South Norfolk Council
Tax Band: D
Postcode: NR35 2BL

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

£ 411075

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
    £ 12375
  • 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

£ 39825
  • 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

£
  • 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

Adjust these figures

  %

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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