6 bedroom cottage for sale

£850,000 Guide Price

6

Bedrooms

3

Bathrooms

Floorplan

This former 18th Century Coaching Inn has undergone a complete programmer of updating and re-modelling to include a stunning extensive oak and glass open plan extension to the rear. Also benefiting from an attached self-contained annex, wonderfully 1/3rd acre landscaped rear garden backing onto the Blyth Valley.

Accommodation comprises:

Entrance hall with cloakroom leading into a fabulous open plan kitchen/dining/family room with glass
and oak doors opening onto the large brick terrace overlooking the rear garden
Useful Tanked cellar
Utility/pantry room
Large sitting room with a wood-burner
Library with access to annex
Oak staircase with a landing to enjoy the rear view
Three 1st floor bedrooms - a large bathroom and a shower room
Two further 2nd floor bedrooms, currently used as office and studio with a seating area and w.c.
Gas fired central heating with under floor heating throughout the ground floor extension
Driveway with two parking areas & E.V. charging
Approximately 1/3 acre of wonderful professionally landscaped gardens with an expanse of raised brick
terrace, large fish pond, geodistic dome, greenhouse, large workshop, two sheds, orchard and raised vegetable
garden
An additional income from the one bedroom self - contained annex or can be incorporated into the main house

The Property
This impressive 18th century former coaching inn is complimented with a well designed substantial oak and glass Scandinavian style extension. Steps to the side lead up to the large entrance hall with a cloakroom, and into the fantastic oak and glass rear extension providing an open plan kitchen/dining/family room. The kitchen is fitted with sleek cupboards and corian worktops with a large granite breakfast bar. Further along is the dining area and then a cosy area for sitting and enjoying the view through a bank of solar reflection glass windows and doors which open onto the raised brick terrace. Ceramic flooring with underfloor heating continues through these rooms. The cellar can be accessed from the hall, a useful storage room and also the library. There is also a utility room and a pantry. Off the the dining area a large opening takes you into the original 18th century part of the property which provides a generous sitting room with a wood-burning stove and a library. A modern oak staircase leads to the first floor landing with with floor to ceiling windows. Off the first floor landing are three double bedrooms. A generous bathroom and a shower room. A further staircase takes you up to the second floor where there are two rooms currently used as an office and studio, but could be further bedrooms with the benefit of a w.c.
Attached to the side of the house is a well presented annex to include a bedroom, sitting area and a well fitted kitchen and a shower room, providing the owners with an additional income. The Annex can be incorporated into the main house, if wanted, through the interconnecting door in the library.

Garden

The property is approached along a driveway to the side of the house, owned by the vendors but some neighbouring properties also have access over. Parking for three vehicles and an E.V. charging point is provided. A wonderful private garden of approximately 1/3 acre is entered through a gate by the raised terrace to the rear of the house. The rear garden has been professionally designed and landscaped and offers different areas - to walk and sit in. There is a sloping lawned area with a massive raised well stocked fish pond, a beautiful area of garden which is well planted with a variety of trees, flowers and shrubs with a geodesic dome. Paths lead through to the rear to a wild flower meadow fruit trees, raised vegetable beds and flower cutting garden, two sheds and a greenhouse. At the bottom of the garden is a large workshop which can be accessed through a five bar gate to the rear where there is also additional parking.

Location

The property is a short drive to the unspoilt heritage coastline with the lovely beaches of Southwold and Walberswick a ten minute drive away.
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 at Halesworth with services to London Liverpool Street via Ipswich.


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 with under floor heating and radiators. Mains electric and water and sewerage.


Local Authority:
East Suffolk Council
Tax Band: E
Postcode: IP19 8PW
EPC Rating: tba

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.

Map location is not available for this property.

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

£ 703950

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
    £ 21250
  • 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

£ 66450
  • 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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