4 bedroom detached bungalow for sale

£650,000 Guide Price

4

Bedrooms

Bungay 3.5 miles
Beccles 4.8 miles
Southwold 15.8 miles
Norwich 20.5 miles

A most exciting opportunity to purchase this spacious, superbly presented, modern detached bungalow set within a stunning garden and woodland plot approaching 2.5 Acres (stms). The property has undergone a superbly executed extension and re-modelling by the current owners which boasts over 1800 sq.ft of accommodation offering stunning open plan living spaces, four double bedrooms, two bathrooms and generous utility room. Outside the gardens are breath taking offering formal garden space, kitchen garden areas and the most charming woodland walk. A garage leads from the vast driveway and turning area. This property is a must view.

Accommodation comprises briefly:
Reception Hallway
Open Plan Sitting/Dining/Family Room
32.ft Kitchen/Dining Room
Utility Room
Snug/Guest Bedroom
Master Bedroom
Bedroom Two & En-Suite
Bedroom Three
Main Bathroom
2.33 Acre Garden Plot (STS)
Garage & Ample Parking
Second Entrance and Plot With Nissan Hut in Situ
Superb Position

The Property
Entering Bakers Piece via the front door we step through the porch and are welcomed by the reception hallway, where the superb finish and exceptional feeling of space that flows throughout the home is instantly apparent. The nature of the property offers flexibility throughout to suit so many purchasers. To our left we pass a large coat and boot cupboard and push open double doors to the most impressive living/dining/family room. Approaching 30 x 20.ft the vendors currently have the room set up as three inclusive spaces offering a snug area around the wood burning stove, formal dining and a sitting area looking onto the generous frontage via French doors that open to the patio. Solid timber flooring complements the room whilst double doors open to the snug/4th bedroom which further enhances this exceptional space. In the snug we find French doors opening to the rear patio which looks onto to the stunning grounds. Bedroom three is accessed to the rear which offers a large double bedroom with a view of the garden and an independent external door. Returning to the hall we find the main bathroom which boasts modern fittings offering a bath with shower over, w/c and vanity unit with basin above. Stepping to the rear of the hall we push open a door to the kitchen/dining room where we are greeted with the ultimate wow factor. Fitted to the highest standard the stunning kitchen leads into a vaulted, glazed extension where we take in the very best views of the garden. The room extends to 31.ft leaving no compromise between working and entertaining space, the kitchen boasts solid wooden work surfaces that contrast against the sage, shaker style kitchen which conceals a dishwasher and leaves space for a range cooker and fridge freezer, a butler sink is sunk into the units whilst tiles underfoot offer an attractive and practical flooring solution. French doors open to the patio further enhancing the space. From here we find the large utility room which opens to the car parking area. Space and plumbing are in place for our washing equipment and a door opens to the boiler room. Returning to the reception hall an inner hallway leads to the final two bedrooms, the master set to the side of the property offers a superb double room with double fitted wardrobes whilst at the front bedroom two enjoys an en-suite shower finished to the high standard throughout. This completes the accommodation.

Garden & Grounds
Approaching the property via the quiet country lane two access points lead, firstly to the small inclusive plot where we currently find an original Nissan Hut in situ, the second being the main entrance which welcomes us via an extensive tree lined drive way that leads to a five bar gate opening to the generous turning and parking area and in-turn providing access to the garage. Gates open to both the extensive front and rear garden spaces. To the front the exceptional plot is laid to lawn whilst a variety of flowering trees, shrubs and beds fill the space with colour throughout the year. A large patio leads from the French doors in the family/living space perfect when summer entertaining. A gate to side opens to the extensive kitchen garden and second plot beyond. At the rear again a large patio area leads from the kitchen/dining space and looks onto the stunning main garden. The garden has been superbly planned offering a range of woodland style walks that surround the shallow pond and weave between the mature trees and flower beds throughout. Walking the garden is the only way to appreciate this truly breath taking experience. An electricity pylon stands on the north easterly boundary.

Location
The property occupies a stunning plot in a peaceful, rural position yet conveniently located a short drive away from the attractive market towns of Beccles and Bungay, both of which provide numerous shops, schools, and all other essential amenities. The Cathedral City of Norwich lies approximately 20 miles to the North with a mainline rail service to London Liverpool Street (approx 1hr 40mins) and an expanding airport on the North side of the city with international flights. Southwold and the unspoilt Suffolk coastline are within easy driving distance.

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

Services
Oil fired central heating. Private drainage. Mains Electricity & Water.
EPC: TBA

Local Authority
East Suffolk Council
Tax Band: D
Postcode: NR34 8JP

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

£ 538950

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
    £ 16250
  • 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

£ 51450
  • 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.

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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.

£

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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