3 bedroom chalet for sale

£495,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

A 1970s detached chalet style family home, centrally situated in the well regarded village of Alburgh. The property offers well presented and spacious accommodation of just under 2,000 square feet with three double bedrooms on the first floor as well a study/bedroom four on the ground floor. The property offers ample off-road parking for several cars, a single garage and established gardens to the front and rear.

Accommodation briefly comprises:

- Entrance Hall
- Sitting/Family Room
- Study/Bedroom Four
- Kitchen/Breakfast Room
- Utility Room
- Downstairs WC
- First Floor Landing
- Master Bedroom with en-suite shower room and walk-in wardrobe
- Two Further Double Bedrooms
- Shower Room

Outside
- Ample Car Parking for several cars
- Single Garage
- Mature Gardens to the front and rear
- Rural Village Location


The Property
The front door opens into the entrance porch which has plenty of space for hanging coats and storage for boots and shoes. A further door opens into the entrance hall with stairs rising to the first floor and wonderful original parquet flooring. Immediately to the left is the study which also could be used as a further bedroom with window overlooking the front aspect. Further along to the left is the cloakroom with WC and wash basin. On the right hand side is the sitting/family room, a lovely bright and spacious room with engineered oak flooring throughout and a fireplace housing the wood burning stove with timber surround and slate hearth. This room overlooks the front aspect with sliding patio doors leading out to the garden at the rear. A door leads into the kitchen/breakfast room (which can also be accessed from the hallway) and is again a good size with ample space for a dining table and chairs. Overlooking the rear, with a door leading out to back garden, the kitchen is well fitted with a matching range of wall base and drawer units complemented by granite style work tops and a central island offering further storage space. There is an integrated dishwasher, 1 bowl stainless sink and drainer and space for an American Style fridge/freezer with a further cupboard housing the oil fired boiler. The electric range cooker is included in the sale. The utility room leads off from the kitchen with window to the rear aspect, and a fitted range of floor to ceiling storage/pantry cupboards, space and plumbing for a washing machine and door leading into the garage.

Stairs rise from the hallway to the first floor landing with access to the partly boarded loft space with light and fitted ladder. The spacious master bedroom overlooks the rear with a walk-in wardrobe and en-suite bathroom comprising a panelled bath with shower attachment, wash basin and WC set in a vanity unit, skylight window and heated towel rail. There are two further double bedrooms, the larger of the two with three built-in cupboards and which share the shower room

Outside
The property is set well back from the road and screened by a laurel hedge. Double timber gates open onto the brick weave driveway which offers plenty of off-road parking and leads to the garage with up and over door, power and light connected. The front garden is laid to lawn and planted with a selection of mature shrubs and perennials. A side access with wrought iron gate leads to the rear garden which is fully enclosed and offers a good degree of privacy. A raised paved terrace extends along the back of the property providing an ideal space for outdoor entertaining. The mature garden is a haven for wild birds and is laid to lawn with established shrub borders and a garden pond. There are two apple trees (one eating and one cooking) and pear tree and a central pergola covered with a wisteria and climbing rose. There is an outside tap as well as an external electric socket and a timber garden shed is included in the sale.


Location
The property is located in the pretty South Norfolk village of Alburgh, conveniently positioned between the bustling market towns of Bungay and Harleston and further benefitting from the highly regarded Alburgh with Denton Primary School and an active village hall which offers regular activities including cinema evenings. Harleston and Bungay both offer a good range of amenities and schooling for all ages and the town of Diss, just a 20 minute drive away, boasts a direct train line to London Liverpool Street. The cathedral city of Norwich is approximately 19 miles away with Southwold on the coast approximately 21 miles away to the East.

Tenure
Vacant possession of the freehold will be given on completion.

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

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.

Services
Oil fired central heating
Mains drainage, water and electricity are connected

EPC: D

Local Authority
South Norfolk District Council
Tax Band: C
Postcode: IP20 0DF




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

£ 411075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 12375
  • 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

£ 39825
  • 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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