3 bedroom cottage for sale

£475,000 Guide Price

3

Bedrooms

Accommodation comprises:
The Main House
Sitting room overlooking the Village Green with a fireplace housing a wood - burning stove
Kitchen/breakfast room opening into-
Rear entrance hall with utility area
First Floor - Huge double bedroom with a vaulted ceiling & bathroom with roll top bath

Annex
Self contained separate accommodation, currently used as a holiday let with a Sitting/diner/kitchen
A generous double bedroom with w.c. hand basin area and shower with a 2nd bedroom
Oak and brick flooring & wood burner

Many original features throughout both properties to include - exposed wall and ceiling timbers and
fireplaces

Outside
Plenty of Parking
Private front garden for holiday home guests
Large established garden for the main house

The Property

Pleasure Ground Cottage is a restored Grade II Listed detached thatched house set back from the road by the Village Green with a wealth of character. The property is currently divided into two properties - The main property is a comfortable spacious and extremely large one bedroom home (could easily be divided into two bedrooms). The lovely sitting room has exposed brick work to one wall and a fireplace housing a wood burner, a staircase from this room leads to the stunning 20ft x 20ft bedroom, with its Magnificat vaulted ceiling. There is a bathroom with a roll top bath, w.c. and hand basin. The large farmhouse kitchen offers plenty of space for a dining table, and is well fitted with kitchen cupboards with solid oak worktops, a butler sink, gas hob and electric built-in cooker. There is also a solid fuel Rayburn range and attractive brick flooring, this room opens into a rear entrance hall with a utility area. A door off the kitchen gives access to the annex.
The annex is currently used as a successful air B&B but could have many uses - a granny annex or easily incorporated into one comfortable large home. On the ground floor is a beautiful family room with a well fitted kitchen again with oak worktops, butler sink, gas hob and electric oven. The fireplace houses a wood burning stove. An oak staircase leads to the first floor and another wonderful generous sized bedroom, again with a vaulted ceiling, excellent oak floorboards are laid throughout the first floor and the annex provides clever and quirky en-suite facilities. A second bedroom is also available.

Gardens and Grounds

The property is approached over a private road which runs beside the village green where the driveway provides plenty of parking. There is also a detached garage. The established gardens have been divided to the front to provide a private area for b & b guests. The rear garden is well planted with a variety of shrubs and mature trees including various fruit trees, a pond and a greenhouse.

Location

Rumburgh is a small rural village just ten minutes drive from the market town of Halesworth, the village also has the benefit of a very popular public house The Buck Inn. The nearby town of Halesworth provides many independent shops, Primary schools, public houses, restaurants, doctors, vets and a supermarket. It has a thriving centre of arts for the community called The Cut which is used as a theatre, cinema, exhibitions and workshops. There is a train station with services to London Liverpool Street via Ipswich. The unspoilt heritage coastline of Suffolk with the lovely beaches of Southwold and Walberswick are a twenty minute drive 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
Solid fuel and eclectic heating & bottled gas
Mains electric, water and drainage.

Local Authority:
East Suffolk Council
Tax Band: D
Postcode: IP19 0NP

Agents Note
This 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

£ 394575

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

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 11875
  • 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

£ 38325
  • 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

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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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