5 bedroom detached for sale

£875,000 Guide Price

5

Bedrooms

Floorplan

Accommodation comprises:
Entrance porch
Fabulous 33ft open plan kitchen /dining/family room with a large fireplace housing a wood burning stove
and French windows to rear garden
Bespoke kitchen with range cooker and fitted appliances
Utility cupboards & cloakroom
Triple aspect sitting room
Large ground floor double bedroom/study with en-suite wet room
Wonderful oak staircase to first floor
Four generous double bedrooms - all with stylish en-suite high specification bathroom/digital showers
and plenty of storage
Oil fired central heating with under floor heating throughout (except radiators in two bedrooms)
Google Nest home systems controls heating thermostats, locks and smoke alarms
Oak double glazed windows
Reclaimed and original period features throughout
Private drive with 1/2 acre lawned wrap around gardens, vegetable plot and plenty of parking, boiler room, double detached
garage (lengthwise).
Excellent large garden office/studio



The Property

Griffin Lodge is an extremely well presented detached house believed to be late 17th Century having rendered and lime washed elevations with a renovated/rebuilt north-side section (2014/16) with aluminium exterior cladding. This stunning eclectic property with a wealth of character, such as exposed timbers, oak floorboards and fireplaces, complements the creative mix of reclaimed materials the currents owners have sourced.
A front entrance porch gives access to a wonderful, light open plan kitchen/dining/family room with floor to ceiling windows and doors to the front and rear aspects, ceramic floor tiling with under floor heating. A stylish fireplace houses a Stovax wood burning stove. The hand built kitchen is fitted with a range of appliances to include an electric range cooker with calor gas hob.
In the original part of the property is a second reception room which has served the owners as a playroom. Off the hall are cupboards containing utilities and storage and a w.c. To the rear is a further reception room currently a ground floor double bedroom with a special en-suite wet room with a double height ceiling, complete with chandelier. An oak staircase leads to the first floor landing where there are four generous double bedrooms all offering plenty of storage with their own impressive en-suites which are fitted with high specification baths/digital showers.


Gardens and Grounds

The property is set well back from a quiet country road, approached over a long gravelled driveway, which also provides occasional access to the neighbouring propertys orchard. Ornate entrance gates then give access to the private driveway and leads to the front of the house where there is plenty of parking. There is a detached garage (double length) with plenty of roof storage. The established wrap around lawned gardens of approximately 1/2 acre are enclosed and well planted with a variety of mature trees and shrubs, backing onto open countryside and orchards. Immediately to the rear of the house is a large paved patio with lighting and a retractable awning. There is an excellent 26ft x12ft fully insulated garden studio/office, plus a wood store, timber shed, vegetable plot and attached to the property is the boiler room.


Location

The house enjoys a rural local on the edge of the village of Westhall. Westhall is a small rural village that is immensely proud of its community run pub. The nearby town of Halesworth provides many independent shops, a good range of 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 at Brampton (2 miles away) and also Halesworth 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
Oil fired central heating with under floor heating and radiators. Mains electric and water. Private sewage treatment system. Calor gas hob.

Local Authority:
East Suffolk Council
Tax Band: E
Postcode: IP19 8QU
EPC Rating: D

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

£ 724575

Mortgage Loan to Value

%

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
    £ 21875
  • 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

£ 68325
  • 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.

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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.

£

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

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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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