3 bedroom cottage for sale

£375,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

Diss - 3.9 miles
Norwich - 26.0 miles
Thetford - 16.9 miles

A traditional detached thatched cottage dating back to the 1600s, full of character and charm and sitting on a spacious plot. This property boasts four generous reception rooms, three double bedrooms, driveway parking, and so much more, all conveniently located in the delightful village of Wortham, close to Diss.

Accommodation comprises briefly:

- Porch
- Dining Room with Inglenook Fireplace
- Sitting Room with Inglenook Fireplace
- Kitchen with Walk-In Pantry
- Breakfast Room
- Utility Room/WC
- Family Room
- Study
- Dressing Room
- Bathroom
- Three Double Bedrooms
- Large Garden
- Driveway/Off-Road Parking

The Property
As you pass through the front porch you step in to the dining room, where a striking inglenook fireplace immediately grabs your attention. A wealth of beams and timbers are on show that flow throughout the entire property, along with original wooden doors between a lot of the rooms. A passage beside the fireplace leads through to the sitting room, where an equally impressive fireplace mirrors the dining room. Off the sitting room is a handy study space, with ample room for a desk and chair. The main bathroom is also accessed from the sitting room, which is fitted with a claw-footed bathtub, WC and wash basin. A traditional country cottage kitchen links the dining room, breakfast room and utility room, also having access to a walk-in pantry. The breakfast room is yet another generous and versatile reception room, as is the family room next to it, both located to the rear of the cottage. Completing the ground-floor is another useful space, currently used as a dressing room. Taking the stairs up to the first-floor a short landing links the two biggest bedrooms, both spacious double rooms, with the third double bedroom being accessed through one of them.

Outside
The cottage is located along a track with views to the front over the green. A picket fence marks the front boundary where a gate leads you up the garden path to the front door. To the left of the generous plot is the entrance to the driveway, which provides plenty of off-road parking. The front garden is laid mostly to grass with flower borders lining the pathways which lead around both sides of the property to the rear garden. The rear garden is a good size and laid mostly to lawn, with a combination of high fencing and hedgerows marking the boundaries. A paved path takes you from the house to an attractive circular patio area with pergola, half framed by a brick seating area. To the back right is a timber shed.

Location
The property is located in the village of Wortham, not far from the market town of Diss. Diss offers a good range of amenities and leisure services, along with strong railway links to London. Nearly 20 miles away is the city of Norwich, with a vast array of shops and facilities. Norwich offers many rail and bus connections to the surrounding areas and further afield, with train links to London. Norwich airport provides access to many holiday locations in and out of the country.

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. Mains water & electricity. Private drainage.
EPC Rating: D

Local Authority
South Norfolk District Council
Tax Band: E
Postcode: IP22 1PU

Agents Note
This property is not listed. 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

£ 312075

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
    £ 9375
  • 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

£ 30825
  • 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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