2 bedroom detached bungalow for sale

£340,000 Guide Price

2

Bedrooms

Floorplan

Halesworth - 8.8 miles
Beccles - 5.4 miles
Norwich - 15.4 miles
Southwold - 16.2 miles

Individually designed and superbly situated, we are delighted to offer this deceptively spacious detached bungalow situated on a generous 0.2 Acre (stms) plot enjoying ample parking and a double garage. The property has been maintained to an excellent standard throughout and offers superbly proportioned, extremely well appointed accommodation that has to be seen to be fully appreciated. Outside the delightful gardens surround the property whilst a large driveway leads us to the double garage. Viewing is essential to fully appreciate the space and location on offer.

Property comprises briefly:
Entrance Hall
Inner Lobby/Study Area
Sitting Room
Dining Room
Kitchen Room
Utility Room
Family Bathroom
Guest Bedroom & En-Suite
Impressive Master Bedroom (originally designed as two rooms)
Generous Wrap Around Gardens
Double Garage & Ample Parking

The Property
Entering the property via the front door we are welcomed by a generous hall way that leads to the inner lobby/study area, doors from these spaces lead to all of the main rooms. The property is particularly well appointed with the living and bedroom areas being set at opposite ends of the bungalow. From the entrance hall we step to the right into the sitting room, a generous room that is filled with natural light from three windows, the bay window being full height provides a superb view to enjoy the front gardens and enhances the feature open fire place that is set into the bay. French doors open from here to the dining room allowing the two rooms to be enjoyed separately or opened up when entertaining. The dining room is again a well proportioned room that provides ample space for a 6 seater dining table and enjoys a dual aspect that fills the room with natural light. Heading back through hall we pass a handy storage cupboard and separate airing cupboard before stepping into the kitchen. The kitchen provides an excellent working space which is fitted with a range of painted timber wall and base units with work surfaces over, space is made for a cooker and a serving hatch opens to the dining room. A double bowl sink sits below the window which overlooks the rear garden whilst a door leads us to the utility room. The utility room gives home to the gas boiler and space is made for a washing machine and dishwasher below the counter where we find a stainless steel sink. A door leads from here to the rear garden. Heading back through the hall we step into a generous inner lobby that provides an excellent space for a study/library area. From here doors lead to both bedrooms and the family bathroom. The bathroom is fitted with a three piece suite comprising of a bath, wash basin and w/c. To the rear of the property we find the guest bedroom that benefits from built in wardrobes and enjoys an en suite shower room that offers a shower, wash basin and w/c. Completing the accommodation is the impressive master bedroom which, measuring at 19 feet 8 inches was originally designed to be two separate rooms, this could easily be achieved should a purchaser require. Two windows overlook the front gardens and again we benefit from built in wardrobes.

Outside
The property occupies a central position within its generous private plot. The frontage is approached by a large driveway that provides an ample parking and turning area whilst giving access to the double garage. A path leads to the front door and gated access leads us to the rear. The front garden is immaculately landscaped providing a mix of attractive lawned areas surrounded by flowering beds filled with established plants and shrubs. The front boundary is formed by mature trees and bushes adding to the privacy of the outside space. The rear garden enjoys an extensive patio area that leads to the personal door to the garage and a storage area behind, the patio steps down to a further lawned area whilst the entire rear garden is enclosed by timber fences. The double garage enjoys power and light and has been extended on one side to allow parking a large vehicle if needed.

Location
The property is situated at the foot of this quiet road which benefits from being easy walking distance to many of the towns amenities including the Doctors surgery, supermarket and busstop (connections to Norwich, Halesworth and Beccles). Bungay offers an excellent range of amenities and shops, schools, antique shops, restaurants, cafes, bars, The Fisher Theatre (now showing films) 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 are specifically excluded from the sale, but may be available in addition, subject to separate negotiation.

Services
Gas fired central heating. Mains drainage, electricity and water.

EPC: C

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

What3Words: ///establish.seemingly.pardon

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

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

£ 283200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

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
    £ 8500
  • 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

£ 28200
  • 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

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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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