2 bedroom cottage for sale

£450,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

A sympathetically refurbished, detached thatched Grade ll listed cottage, offering spacious accommodation and bringing together the character of the home with the convenience of modern living. The cottage is superbly positioned to appreciate the open views to the rear of the property and is offered to the market with no onward chain.

Accommodation comprises briefly:

- Entrance Hall
- Sitting Room
- Snug
- Dining Room
- Kitchen
- Downstairs bathroom
- First Floor Accommodation
- Master Bedroom with En-Suite Shower Room
- Further Double Bedroom

Outside:
- Driveway parking
- Garage
- Lovely cottage gardens with views over open fields to the rear of the property

The Property
Entering the property through the front door you step into a hallway with limestone flooring, and doors leading to three reception rooms and the bathroom. To the left is a door to a 'snug' with inglenook fireplace and wood burner creating a cosy focal point with a door leading into a large sitting room, also with log burner and windows and glazed doors the whole width of the room making the most of the wonderful open views to the rear of the property. Another door leads from the snug to the dining room with windows looking onto the walled side garden. The dining room leads into the kitchen which again is very spacious and has views across the open fields to the rear of the property, all rooms providing plenty of space for entertaining and family living. There is a downstairs bathroom off the hallway also with limestone flooring.

On the first floor are two good sized bedrooms, each approached via separate staircases at either side of the property. The main bedroom has built-in wardrobes, an en-suite shower room. and once again with views across the garden and fields beyond. The second bedroom is also a good size with a raised beamed ceiling.

This really is a property that needs to be viewed to fully appreciate its character and charm, alongside spacious family living in a lovely location.


Outside
Approaching the property from High Road onto a gravel driveway leading between the properties either side there is room for parking to the front of the property. You have access from the front and side to the rear garden which is very well stocked and has views across open fields as far as you can see. There is a garage (used as an extra storage space), an outbuilding for further storage and a summerhouse at the rear of the garden.

Location
This charming cottage is located in the pretty and sought after village of Needham which is on a main bus route and with its active village hall, pub and is within easy access for the Angles Way footpath and beautiful river walks. A short drive away is the bustling market town of Harleston. The town boasts an impressive array of independent retailers plus doctors surgery, post office, chemist, various coffee shops and restaurants. There is also a popular Wednesday market with free parking and the market 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.
Mains electricity and water are connected.
Private Drainage
EPC Rating: C

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

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.

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

£ 373950

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
    £ 11250
  • 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

£ 36450
  • 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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