2 bedroom semi-detached for sale

£340,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

A delightful, semi-detached Victorian cottage, offering beautifully presented accommodation throughout and situated in the centre of the Norfolk/Suffolk border village of Wortwell. The cottage features three reception rooms, kitchen, utility and ground floor cloakroom, with two double bedrooms and bathroom on the first floor. Outside we find ample off-road parking leading to a timber garage/workshop and carport. The attractive, established gardens sit to the front and side of the house with the additional rear garden space on a peppercorn rent from the parish council.

Accommodation comprises briefly:
- Entrance Porch
- Kitchen/Breakfast Room
- Sitting Room
- Snug
- Dining Room
- Cloakroom
- Rear Lobby/Utility
- First Floor Landing
- Two Double Bedrooms
- Family Bathroom

Outside
- Timber Garage/Workshop and Summerhouse
- Ample Off-Road Parking
- Car Port
- Attractive gardens to front and side
- Additional rear garden space on a peppercorn rent from the parish council.



The Property
The entrance porch welcomes us and opens in the kitchen/breakfast room which is well fitted with a matching range of wall, base and drawer units, underlighting illuminates the ample worktop space and a breakfast bar offers a spot for informal dining. There is a built-in double oven, hob with extractor over, integrated dishwasher and fridge/freezer. A window overlooks the side garden and a door opens into the snug with stairs rising to the first floor. The sitting room overlooks the front gardens with a brick fireplace housing the wood burning stove creating a cosy focal point to the room. Stepping back through the snug we find a feature firplace and a handy cupboard below the stairs rising to the first floor. This room flows open-plan into the dining room perfect for family living and entertaining alike. The dining room enjoys a window looking to the rear and door into the rear lobby/utility room where we find the separate cloakroom.

From the snug stairs rise to the first floor landing where you will find two double bedrooms which both overlook the front aspect, the master bedroom has a cupboard recessed to the chimney which rises from below whilst the second bedroom boasts a wall of fitted wardrobes. The well appointed family bathroom echoes the standard found throughout the home and comprises panelled bath, corner shower cubicle and WC and wash basin set in a vanity unit. This completes the accommodation.


Outside
The cottage is set well back from the road with a brick weave drive providing an extensive parking area for a number of vehicles and leads to the car port and timber garage/workshop. The front garden is laid to lawn and framed with a selection of established shrubs whilst an attractive raised fish pond creates the focal point to enjoy from the seating area set below the sitting room window. To the side there is a pretty paved garden with raised beds planted with a mixture of plants and shrubs, this space offers a private and peaceful spot for outdoor dining in the summer months.

Agents Note: The rear garden which is outlined on the plan isnt owned by the property it is rented from Parish Council for a nominal fee of 14 per annum which can be passed on to the new owners.

Location
Wortwell is located between the market towns of Bungay and Harleston and has access to some wonderful walks, an active community centre, village pub and is on a main bus route. The market town of Harleston provides all schools, nurseries, shops, Post Office, churches, doctors surgery, dentist, restaurants and pubs. Bungay offers a good range of all the necessary amenities and shops, schools, antique shops, restaurants, The Fisher Theatre (now showing films) and leisure facilities including indoor swimming pool and golf club. Diss provides a mainline link to London Liverpool Street and is 14 miles distant. The unspoilt heritage coastline of Suffolk with the lovely beaches of Southwold and Walberswick are a short distance away.

Fixtures and Fittings
All fixtures and fittings are specifically excluded from the sale (unless mentioned in the sales particulars), but may be available in addition, subject to separate negotiation.

Services
Gas fired central heating and hot water.
Mains drainage, electricity and water are connected.
EPC Rating: C

Local Authority:
South Norfolk District Council
Tax Band: B
Postcode: IP20 0EF

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.

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

£ 283200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 8500
  • 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

£ 28200
  • 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

Adjust these figures

  %
  %
£
  %

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

Adjust these figures

  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message