3 bedroom detached bungalow for sale

£775,000 Guide Price

3

Bedrooms

Floorplan

Beccles - 4.8 miles
Southwold & The Coast - 6.7 miles
Norwich City - 25.6 miles

Live, Work & Play!! 11 Acres, Modern Three Bedroom Detached Bungalow, Detached One Bedroom Annexe, Stables, 1 Acre Yard, Workshops, Woodland, Ponds & Stunning Views. A fantastic opportunity to purchase this versatile site ideally suited to mix business & pleasure. Formerly run, making the most of the land and surroundings, Marsh View has now been enjoyed as a private residence by the current owners for the last 15 years, in which time they have cared for the land and created a haven for nature that offers the most stunning setting. The large bungalow sits within its formal gardens as does the annexe, whilst both enjoy views onto the surrounding land. The yard is set to the foot of the site, posing a superb opportunity to again run a business on site, viewing is the only way to fully appreciate all that is on offer.

The Bungalow comprises briefly:
Reception Hall
Cloakroom
Living Room
Dining Room
Kitchen
Utility Room
Master Bedroom
Two Further Double Bedrooms
Family Bathroom
Double Width & Depth Garage
Extensive Formal Gardens & Parking (1 Acre)

Marsh View Farm Comprises Briefly:
Detached One Bedroom Annexe
9 Acres of Land & Woodland
1 Acre Yard (with siting of former agricultural buildings)
1100 sq.ft Workshop & Studio/Office
Stable Block (3 Stables, Tack Room & Feed Room)

The Property
Entering Marsh View Farm via the five-bar gate, the main residence is set to the front of the site where we are greeted by the extensive parking area, which leads to the double-width and depth open fronted garage. Whilst access to both the front and the rear of the bungalow leads from the same. Stepping into the bungalow, the feeling of space and light that flows through the home is instantly apparent. Set to the left we find the bedrooms and cloakroom, and to the right the living areas look over the formal gardens. Stepping to the right we flow open plan into the superb living room which enjoys a triple aspect looking onto the gardens and land beyond. A feature fireplace houses the wood burner and adds a cosy focal point to this otherwise bright open room. Stepping through the hall we enter the kitchen which again enjoys a garden view and flows open plan to the dining room. the kitchen is fitted with a modern range of wall and base units that are set against contrasting work surfaces and tiled flooring. Integrated appliances and a range style cooker are found. At the rear a door opens to the large utility/laundry room which then leads into the rear entrance porch. returning to the hallway we find the spacious bathroom at the head of the hall, fitted with a modern white suite comprising a bath and separate shower we find the wash basin and w/c set to a large vanity unit. The three bedrooms are set adjacent to one another and all offer exceptional double bedroom proportions. The master is set adjacent to the bathroom, whilst bedroom two set to the middle offers a fitted wardrobe and bedroom three set to the front of the property boasts a dual aspect. The cloakroom is fitted again with modern sanitary ware with a w/c and wash basin set in a vanity unit. This completes the main accommodation.

The Annexe
Set between the main residence and the yard, workshop & stables, we find the detached annexe enjoying its own designated yet open garden plot. This brick-built bungalow offers a range of uses and is currently not registered for council tax but has been assigned a property reference number in readiness, depending on a purchasers intended use. Internally, we find a large double bedroom, bathroom and superb open plan living, dining and kitchen area. A large walk-in store room is also found off the hall, and externally, the boiler room houses the oil-fired boiler. This fantastic property would make an ideal holiday let (stpp) in delightful surroundings or simply serve as excellent secondary accommodation.

Gardens and Grounds
From the five bar gate we enter the site where the scale and potential are instantly apparent. To the front (south boundary) of the plot we find the main residence set in an acre of formal gardens, adjacent we find the double width and depth open-fronted garage. Adjacent to the garage we find one of the vehicular access points leading to the land and woodland. Following the drive toward the north of the site we pass the Annexe and continue to find the studio/office and stable block, where again vehicular access leads out to the land passing the ponds. At the foot of the drive a five bar gate opens to the yard. This area occupies approx 1 acre of the site, and we find the large workshop (1100 sq.ft) A variety of dilapidated barns/workshops remain on site, deliberately left by the vendors to maintain the footprint to aid in reconstructing these or future development potential. From the yard we again find an access point out to the land where the remaining acres boast a range of woodland surrounding the three main ponds the largest of these fed from a dyke that creates an island effect, following the walk ways through the woodland we find the land split into three main parcels, the first offers a field gate from the road for additional access, the second finds a large sited poly tunnel and the third being the largest extends to approximately 4 acres. The entire site offers superb privacy being screened with established, well-managed hedge rows whilst at the rear the boundaries remain open taking in the superb views of the Waveney valley.


Location
Henstead & Hulver are two sister villages situated in North Suffolk between the market town of Beccles and the heritage Suffolk Coastline running between Southwold & Kessingland. A wide range of amenities can be found in Beccles, which is a bustling market town with many shops, restaurants, schools, pubs and supermarkets. A market selling fresh produce is held every Friday in the town. Beccles is located on the Waveney River, which is a gateway to the Broads network. The train station runs a link to London Liverpool Street via Ipswich, whilst the unspoilt Suffolk coastline with the beaches of Southwold and Walberswick are within easy driving distance. The city of Norwich boasts a wealth of entertainment, shopping & dining. The expanding international Airport sits within an hours drive.

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

Services
Oil fired central heating and hot water. Private drainage. Mains Water & Electricity.

Local Authority
East Suffolk Council
Tax Band: D
Postcode: NR34 7LA
EPC Rating: D

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

£ 642075

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
    £ 19375
  • 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

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£

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

£ 60825
  • 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)
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  • Letting Fee
    £
  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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