5 bedroom detached for sale

£500,000

5

Bedrooms

3

Bathrooms

Floorplan

A very well presented red brick detached family home situated on a generous plot, convenient for the town centre. The property, built in the late 1980s, was extended in the early 1990s by the current owners to create a large and very versatile home with a large gravelled in/out driveway with parking for a number of vehicles and sheltered from the road by mature trees and shrubs. There is a double garage and gateways to either side of the property leading into the very attractive rear garden.

Accommodation comprises briefly:

-Entrance Hall with wooden flooring
-Large downstairs cloakroom
-Sitting Room
-Dining Room/Study
-Kitchen/breakfast room
-Utility Room with door to double garage and garden
-L-Shaped First Floor Landing
-Five Bedrooms
-Three Bathrooms (One en-suite)

Outside
-Large In/Out Driveway
-Double Garage
-Shed
-Attractive gardens to the front and rear
-Solar panels

The Property
A glass panelled entrance door leads into a bright hallway with wooden flooring, an attractive turned staircase rising to the first floor landing with open space underneath adding to the light and spacious feel of the hallway. To the left hand side of the hall is a large cloakroom with WC, basin and ample room for hanging coats. Straight ahead is the door to the kitchen/breakfast room, well fitted including a built-in double Neff oven and microwave and a window looking out over the very attractive rear garden. The kitchen with wood effect flooring leads conveniently into the utility room which houses the gas boiler installed in January 2023. A door leads from the utility room into the rear garden and you step out onto a large patio, an ideal outdoor eating area. The sitting room is of a generous size with a small window to the side, large windows to the rear and patio doors also leading out onto the generous patio. There is a brick and tiled fireplace with a log burner which was installed less than 2 years ago. Also off the hall is a spacious dining room/possible study with a window to the front aspect.

The staircase leads up to an L-Shaped landing with five good size bedrooms, the master bedroom having an en-suite shower room plus 2 further bathrooms. One of the bedrooms is currently used as a study. There is plenty of storage throughout including a large double airing cupboard/storage space on the landing.

Outside
A wide entrance leads into the large in/out gravelled driveway and leads to a double garage two up and over doors. There are wooden gates either side leading into the rear garden which has been lovingly established by the current owners over the years with both a large patio area ideal for outside eating/entertainment, ample lawned areas with 'flower islands' and a wide variety of shrubs, flowers and trees. An attractive pond is overlooked by a seating area under a wood pergola.

Location
The property is conveniently situated for the centre of the bustling market town of Harleston. Nestled in the beautiful Waveney Valley on the old coaching route from London to Great Yarmouth, Harleston is a vibrant market town, filled with historic buildings, a beautiful church and plenty of character around every corner you turn. With good local schooling here, as well as in Stradbroke and Bungay the town further boasts an impressive array of independent shops, doctors surgery, post office, chemist and several coffee shops. There is also a popular Wednesday market with free parking and the town of Diss, just a 15 minute drive away, boasts a direct train line to London Liverpool Street.

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 (new boiler installed in 2023)
Mains drainage, electricity and water are connected.
EPC Rating: C

Local Authority:
South Norfolk District Council
Tax Band: E
Postcode: IP20 9JY

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

£ 415200

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
    £ 12500
  • 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

£ 40200
  • 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

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

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