3 bedroom detached for sale

£375,000 Guide Price

3

Bedrooms

Floorplan

Beccles - 6.2 miles
Halesworth - 8.9 miles
Norwich - 15.7 miles
Southwold - 16.2 miles

A rare opportunity to purchase this most desirable, detached family home, ideally situated for the Town Centre and delightful walks that surround the River Waveney. The property has been enjoyed and maintained over the last three decades by the current owner and now offers a superb opportunity for a buyer to cosmetically update and make their own mark on this family home. Internally three generous bedrooms, bathroom and w/c lead off the landing, whilst downstairs the generous entrance hall leads to the living/dining room, kitchen/breakfast room and cloakroom, whilst at the rear a delightful sitting room looks onto the gardens. Outside we find generous front and rear gardens coupled with ample off road parking and a garage. Prompt viewing is highly recommended.

Property comprises briefly:
Entrance Hall
Sitting Room
Family Living/Dining Room
Kitchen/Breakfast Room
Cloakroom
Master Bedroom
Two Further Bedrooms
Bathroom & Separate First Floor W/C
Extensive Off Road Parking & Garage
Generous Private Rear Gardens

The Property
Entering the property via the front door we step through the porch are welcomed via the generous entrance hall where the feeling of space and light found throughout is instantly apparent. The original staircase fill this space with character and large windows at the foot and head on the stairway fill the space with light. To our right we step into the living/dining room, originally two rooms that now serve as a perfect family/entertaining space. Our eye is immediately drawn to the bay window over looking the front gardens. An feature fireplace provides a delightful focal point to the room and offers the ability to re-instate an open fire or log burner. From the dining area French doors open to the sitting further extending the space when needed. Stepping back through the hall we pass the cloakroom before entering the kitchen/breakfast room. The kitchen has been extended and is fitted with range of wall and base units set under extensive work surfaces. A sink sits below one of two windows over looking the side of the property and a door opens to the same. Space is made for our appliances and the gas combi boiler is concealed within the wall cupboards. A door opens from here into the sitting room which links back to the living/dining room making this home a superbly sociable space. The sitting room enjoys a view of the gardens from the French doors that open to the patio. Back in the hall we climb the stairs to the first floor where we find the bright landing. To the front of the house we find the generous single bedroom and the generous bay fronted double bedroom. To the rear a second impressive double bedroom serves a s the master and over looks the stunning rear gardens. Completing the accommodation is the bathroom and separate w/c.

Outside
Approaching the front of the house via the extensive driveway we are welcomed by ample off road parking and turning space which continues to the side of the property leading to the detached garage at the rear. The front garden is laid to lawn with a range of planted flowers and shrubs that bring colour and scent to the frontage. The drive leads us to the front door whilst access to the side of the house leads to the rear kitchen door and gated access to the rear garden. French doors in the sitting room enjoy the view of the gardens and lead onto the patio area. The patio opens to the extensive lawn which is framed with a variety of established shrubs and fully enclosed by timber fencing. At the foot of the space we find a greenhouse and timber shed sat on the extended plot.

Location
This superb property is located within walking distance to the town centre of Bungay and the open green space that surrounds the River Waveney. Bungay 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. An hourly bus service takes us to the Cathedral City of Norwich which is about 30 mins drive to the North and has a mainline train link to London Liverpool Street (1hr 54mins). 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 are specifically excluded from the sale, but may be available in addition, subject to separate negotiation.

Services
Mains electricity and water & drainage. Gas fired central heating.
EPC Rating: D

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

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.

Tenure
Vacant possession of the freehold will be given upon completion

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

£ 312075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 9375
  • 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

£ 30825
  • 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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