** READY NOW - RESERVE NOW! - CALL TO VIEW! ** PLOT 24 - Welney, Spring Grove, Borley Crescent, Elmswell, Bury St Edmunds, IP30 **

1 /12
Available / For Sale

3 bedroom semi-detached for sale

£305,000

3

Bedrooms

OPEN HOUSE (C & T) present: A brand new high spec semi-detached house, one of twelve, convenient for the centre of this well served village, East of Bury St Edmunds. Hall, Cloakroom, Lounge, Kitchen/Dining Room, 3 Bedrooms - 1 En-Suite, Bathroom, Front & Rear Gardens, Garage & Parking Space, Family/FTB/Investment, VIEW ASAP.

SPECIFICATION


Welcome to Spring Grove, a modern development being built by Orbit Homes, in the charming village of Elmswell, lying in the very heart of the Suffolk countryside. Located halfway between the historic, cathedral town of Bury St Edmunds and the pretty market town of Stowmarket, it offers residents an authentic taste of rural England along with all the advantages of contemporary living.

Elmswell is a welcoming, long-established community; the history of the village can be traced as far back as the Roman times, based on a site containing a pottery kiln dated around the third century, and the local Church of St John the Divine is mentioned in the Domesday book. Elmswell is one of the largest and most active villages in Suffolk, and so has plenty to offer residents. It has all the local conveniences for your day-to-day needs, including a Post Office, primary school, supermarkets, barbers, a Chinese takeaway restaurant and no less than two pubs. For a family picnic or a relaxing, summer stroll, theres a beauty spot known as Kiln Meadow close by, home to a variety of song birds, including blue tits, chiffchaffs, willow warblers and many more. Its a beautiful spot, well-managed by local wildlife enthusiasts from the Kiln Meadow Wildlife Group and the Elmswell Community Woodland. Conveniently, Elmswell has its own railway station, so you can hop on a train and be in Stowmarket in as little as 9 minutes or Bury St Edmunds in 12 minutes, with all they have to offer, or right in the town centre of bustling, coastal Ipswich in around 25 minutes.

KITCHEN


• Stylish, contemporary fitted kitchen with a range of wall and base units
• 22mm square edge laminate worktops
• Stainless steel single oven
• Induction hob
• Extractor hood
• Tiled splashback
• Stainless steel microwave (Beckley and Poringland only)
• Stainless steel sink in utility room
• Stainless steel sink with chrome mixer tap
• Integrated fridge/freezer
• Integrated dishwasher

BATHROOM, CLOAKROOM & EN-SUITE


• Contemporary white Roca sanitaryware
• Thermostatically controlled shower over bath, glass shower screen with full-height tiling to bath (houses without en suite)
• Thermostatically controlled shower to en suite, glass shower cubicle with full-height tiling
• Chrome ladder radiator to bathroom and en suite
• Lockable mirror fronted vanity cabinet with shaver socket
• Diesse wall tiles

PLUMBING


• Gas-fired central heating with combination boiler (Plaxtol, Marsham, Penshurst, Welney, Ashley, Barnwell and Cranford)
• Gas-fired central heating with system boiler and hot water cylinder (Langford, Beckley and Poringland only)
• Thermostatically controlled radiators

ELECTRICAL


• Media plate TV and telephone point to living room
• Data point to living room and up to three bedrooms
• One double socket with USB charging to each bedroom, kitchen and living room
• Downlights to kitchen, utility, bathroom, en suite, cloakroom, hall and landing
• LED under-cupboard lighting to kitchen
• Mains-wired smoke detector and alarm
• Carbon monoxide detector and alarm
• PIR outside light to front and rear
• Electric Vehicle charging point infrastructure

WINDOWS & DOORS


• PVCu double glazed lockable windows and patio doors
• Front door with multi-point locking, deadbolt and chrome furniture

INTERNAL


• Walls and ceilings in matt white emulsion
• Woodwork in white satin
• White internal doors with chrome ironmongery
• Built-in wardrobe to bedroom one (excluding bungalows)
• Oak handrail to staircase
• Amtico flooring to bathroom, en suite, cloakroom, kitchen, utility, hall and living room
• Carpets to stairs, landing and all bedrooms

GENERAL


• Choice of Light, Colour or Wood colour palette for kitchen, bathroom and flooring finishes,
dependent on build stage
• Landscaping to front garden
• Turf and patio to rear garden
• 1.8m closeboard fence to rear gardens
• Outside tap
• 10 year NHBC warranty

Note: Annual Service Charge of 299.00. Reviewed in April.

Council Tax band to be confirmed by local authority on completion of property.

BURY ST EDMUNDS & AREA
Sitting amidst beautiful countryside, Bury St Edmunds is an historic town and the second largest in Suffolk. Surrounded by many picturesque villages, some of which offer good local amenities, it offers a wide range of cultural, educational and recreational facilities.

Features of particular note include St Edmundsbury Cathedral with its Millennium Tower, the famous Abbey Gardens with the original ruins and The Georgian Theatre Royal, which has recently been the subject of a restoration programme and The Apex, a live performance venue for concerts, comedy and dance, together with a contemporary art gallery. In addition, there are two cinemas, one of which is a multi-screen complex and a sports centre.

Bury St Edmunds and the surrounding villages boast excellent schools and further education is catered for at the West Suffolk College.

The town benefits from extremely good shopping facilities with a twice weekly market and a wide range of independent traders, national chains, five supermarkets and the arc shopping centre, opened in 2009. In addition, there are many pubs and restaurants which cater for a variety of tastes.

The A14 dual carriageway heading west from Bury St Edmunds provides easy access to Newmarket, Cambridge, the Midlands, Stansted Airport and London, via the M11. Stowmarket and Ipswich, both with direct rail links to Londons Liverpool Street, the East Coast and the A12 are all readily accessed by heading east.



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

£ 254325

Mortgage Loan to Value

%

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
    £ 7625
  • 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

£ 25575
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    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.

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