4 bedroom terraced for sale

£610,000 Guide Price

4

Bedrooms

Floorplan

Norwich - 10.7 miles
Beccles - 7.9 miles
Bungay - 6.5 miles

We are pleased to offer CHAIN FREE this stunning and versatile riverside property boasting spectacular views and private 22 mooring on the river Chet in Chedgrave, near Loddon. Opportunities to buy on this exclusive development do not come along often; offering flexible living accommodation, four/five double bedrooms, one with ensuite, three further bathrooms, utility room, front/rear gardens and garage with off-road parking.

Accommodation comprises briefly of:
Entrance Hall
Open-Plan Sitting/Dining/Kitchen Area
Reception Room
Utility Room
Ground Floor Shower Room
First Floor Sitting Room/Bedroom with Balcony
Master Bedroom with Ensuite
Three Further Double Bedrooms
Two Bathrooms
Decked Terrace Overlooking the River
Front and Rear Garden
Detached Garage & Off-Road Parking
Private 22 Mooring
River Frontage & Beautiful Views

The Property
Built in 2002 by a well-known local developer to a contemporary design and finished to a high specification, this fantastic individual home has much to offer. The ground-floor boasts versatile living accommodation consisting of a very spacious sitting/dining room with French doors opening on to the terrace and river views. There is a fully equipped kitchen area with ample wall and base units in wood effect, built-in double oven, hob with extractor over, double sink and space for a dishwasher. A large kitchen island provides extra worktop space, storage and seating area. A separate utility room, shower room and versatile reception room complete the ground floor accomodation. The first-floor provides a spacious room with French doors onto the balcony overlooking the river, currently used as a sitting room but could also be a very generous double bedroom. The folding partition separating this room from the bedroom/study, if opened up could make a lovely dressing area to the bedroom. There is also a bathroom and two double bedrooms, the larger of which benefits from an ensuite. Moving to the second-floor, you will find two large double bedrooms to the front and rear aspect, a bathroom and handy study space to complete the accommodation. The property has the additional benefit and convenience of an integral vacuum system for improved cleaning efficiency and enhanced air quality within the home.

Outside
To the front of the plot is the garage and off-road parking space, beyond which is a gate that opens into the front garden. The front is North facing and is laid to areas of pebble shingle and paving slabs for easy maintenance. Stepping out of the French doors you find yourself on the South-facing rear decking area with attractive views over the river. The remainder of the garden is laid to lawn and leads to the riverside and private mooring (which includes fishing rights). Guest parking is situated at one end of the development together with communal gardens, a slipway for residents use and a private visitor mooring.

Location
Wherry Close is located overlooking Loddon Staithe which used to be the home of a fleet of wherries that transported various commodities along the navigable section of the River Chet. Today it is an attractive area for relaxing alongside a few boats and ducks. Loddon is a very popular village providing local schools and a co-educational independent day and boarding school close by at Langley. Nurseries, shops, Post Office, churches, doctors surgery, dentist, library, pubs and access to the Broads network. The house is close to many beautiful walks by the River Chet and the bird sanctuary at Hardley Flood. It is within easy reach of the market towns of Beccles and Bungay. The Cathedral City of Norwich is about 20 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 is approx. 20 miles away.

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

Services
Mains electricity, gas, water and drainage. Security alarm.

EPC Rating: C

Local Authority
South Norfolk District Council
Tax Band: F
Postcode: NR14 6LS

What3Words: ///guises.nods.lamenting

Agents Note
The Management of the communal areas i.e. The Millennium Garden, the roadway, visitors parking, quay heading, walkway, the moorings, exterior lighting, satellite and aerial antennae and the common garden areas are all managed by a Management Company controlled by the individual property owners. Currently the management fee is approximately 2000 p.a per property. This sum covers the maintenance of the communal areas described above and the painting of the exterior of all of the houses, and the cutting of the lawned gardens. 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 on completion.

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

£
£
£
£

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

Mortgage Required

£ 505950

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
    £ 15250
  • 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

£ 48450
  • 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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