2 bedroom detached for sale

£485,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

Situated in a rural location and surrounded by open countryside, this individual detached house was formerly a telephone exchange building and has been transformed into a spacious and beautifully presented home. The current owners have added a further extension as well as a detached garage/workshop and the property features wonderful open plan living accommodation with two double bedrooms and two bathrooms and sits on a generous plot with attractive, well tended gardens and ample off-road parking.

Accommodation comprises briefly:

- Open Plan Kitchen/Dining/Sitting Room
- Utility Room
- Garden Room
- Downstairs Bathroom
- First Floor Landing
- Two Double Bedrooms with built-in wardrobes
- Shower Room

Outside
- Attractive Gardens to the front, side and rear
- Off-road parking for several vehicles
- Detached Garage/Workshop
- Car Port
- Rural Location surrounded by open countryside

The Property
The front door opens into the wonderfully light and spacious kitchen and living space. The kitchen area is well fitted with a matching range of cream wall, base and drawer units with granite work tops which incorporate a breakfast bar with additional storage and a ceramic 1 bowl sink unit. There is a double built-in oven with adjacent hob and extractor over and integrated dishwasher. Two windows overlook the side aspect and double doors lead out to the side garden. A useful utility room offers plenty of storage with a window to the front aspect and plumbing for a washing machine. From the dining area engineered wooden flooring runs through to the sitting room area and into the garden room. With double doors opening into the rear garden and views over the pond, the garden room benefits from a wood burning stove, a lovely a cosy spot to sit during the winter the months. There is also a well appointed bathroom on the ground floor comprising a panelled bath with shower over and concertina shower screen, wash basin set in a vanity unit, WC, full height storage cupboard and heated towel rail.

Stairs rise from the sitting room to the first floor landing with under stair cupboard, skylight window and doors to the two double bedrooms. The master bedroom benefits from built-in wardrobes, two skylight windows and a Juliet balcony offering stunning and far reaching countryside views. The second bedrooms also benefits from built-in wardrobes and two skylight windows. The shower room completes the first floor accommodation and comprises a corner shower cubicle, wash basin set in vanity unit, WC, heated towel rail and built-in storage.


Outside
The property is set well back from the main road and screened with mixed hedging. The front garden is mainly laid to lawn with a mixture of fruit trees including apple and plum, vegetable plot and mature borders, stocked with a variety of shrubs and plants. The driveway runs to the right of the garden and leads to a parking area, car port and large detached garage/workshop with power and light connected. There are gardens to the side and rear of the house, laid to lawn with paved seating areas and a raised pond. The summerhouse has power and light connected.

Location
Tivetshall St Mary is a charming village located in the heart of Norfolk and boasts a rich history, with its origins dating back to the medieval era. The charming local pub, The Ram, is open daily, serving breakfast, lunch, and dinner and offers room bookings for those visiting the area. The village is well-placed for access to the market town of Diss and Harleston, where you can find a range of amenities including shops, cafs and schools. For those needing to commute or seeking a day out in the city, Norwich is only 30 minutes away by car and offers a vibrant mix of cultural attractions, shopping and dining. Both Diss and Norwich offer direct rail links into London (90 minutes and 110 minutes respectively). Tivetshall St Mary is well-connected by road, making it easy to explore the wider Norfolk and Suffolk areas.

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
Oil fired central heating and hot water. Solar Panels also heat the water.
Private drainage - Septic Tank
Water is supplied by a private Borehole
Mains Electricity
EPC Rating: C

Local Authority:
South Norfolk District Council
Tax Band: D
Postcode: NR15 2DH

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.


Features
  • Freehold

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

£ 402825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 12125
  • 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

£ 39075
  • 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

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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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