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£240,000 Offers over
Bedrooms
OPEN HOUSE (C & T) present: A well presented, modern mid-terraced house, built in 2021, on a popular development, in this well-served E village. Entrance Hall, Cloakroom, Open Plan Living Room/Upgraded Kitchen, 2 Double Bedrooms - 1 En-Suite, Bathroom, Parking Space, Rear Garden, IDEAL FTB/INVESTMENT, VIEW ASAP.
DIRECTIONS
From Bury St Edmunds proceed along the A14 towards Stowmarket. After about 8 miles, turn off signposted to Elmswell. At the roundabout, take the third exit and proceed up the hill passing the church. Turn left into School Road and continue to the T-junction. Turn left and follow the road over the level crossing. Continue along and turn left into St Edmunds Drive, passing the green on the left. Proceed along and turn left between numbers 33 and 43, into a shared access driveway. This leads to a parking area and the property, where it is located on the left.
DESCRIPTION
This well presented property was built by Taylor Wimpey in 2021, and incorporates some upgrades, which the current vendors specified when new. These include upgraded Kitchen units, work surfaces, sink and tap, and integrated appliances.
We understand that there is the benefit of the remainder of a 10 year NHBC warranty.
ENTRANCE HALL
Approached via an outer canopy with UPVC part glazed front door and frosted glazed side panel. Amtico wood effect vinyl floor, built-in DOUBLE STORAGE/UTILITY CUPBOARD, with plumbing for washing machine, wall mounted gas combination boiler, and consumer unit.
CLOAKROOM
Modern white suite comprising wc, pedestal wash basin with mixer tap, tiled splashbacks, Amtico wood effect vinyl floor, extractor fan, radiator, UPVC frosted window to front.
OPEN-PLAN LIVING ROOM/KITCHEN 6.45m (212) x 3.96m (130)
Maximum overall measurements. Arranged as two open-plan areas:
LIVING AREA
Stairs to first floor, Amtico wood effect vinyl floor, TV point, telephone point, radiator, UPVC glazed double doors and glazed side panes to rear garden.
KITCHEN AREA 2.64m (88) x 2.13m (70)
Upgraded range of modern white high gloss base and wall mounted units, work surfaces and upstands, inset 11/2 bowl sink unit with Swan-neck style mixer tap, inset AEG ceramic hob with splashguard and stainless steel cooker canopy over, built-in electric oven/grill, integrated slimline dishwasher, integrated fridge/freezer, LED plinth lighting, LED concealed lighting, Amtico wood effect vinyl floor, kickspace heater.
FIRST FLOOR LANDING
Loft access, radiator.
BEDROOM 1 3.07m (101) x 2.97m (99)
TV point, telephone point, radiator, UPVC window to rear.
EN-SUITE 2.31m (77) + shower depth x 0.89m (211)
Modern white suite comprising tiled shower enclosure with shower unit, wc, pedestal wash basin with mixer tap, tiled splashbacks, tiled floor, downlights, extractor fan, chrome vertical radiator/towel rail.
BEDROOM 2 3.96m (130) max into recess x 2.51m (83)
Fitted open-fronted wardrobe unit, TV point, radiator, two UPVC windows to front.
BATHROOM 2.01m (67) x 1.88m (62)
Modern white suite comprising enamel bath with glazed screen and shower controls over, wc, pedestal wash basin with mixer tap, tiled splashbacks, tiled floor, shaver point, extractor fan, chrome vertical radiator/towel rail.
OUTSIDE
To the front there is a shingle border. There is a block paved parking space and additional shared visitors space. To the rear, the garden is enclosed by fencing, being laid principally to grassed area with slate chipping border, and good sized paved patio area. A gate provides rear pedestrian access, and leads, via a pathway, behind a neighbouring property, back round to the front.
AGENTS NOTE: As is common with many new developments, we understand that there is currently a maintenance charge of about 150.00 per annum, which covers upkeep of the development grounds, private driveways and play area.
NOTE: The vendor has informed us that mains gas, water, electricity and drainage are connected. The council tax band is understood to be Band B.
NOTE: The EPC incorrectly specifies this property as an end-terrace, when it is a mid-terraced house. Unfortunately this was an error from when the property was built.
VILLAGE & AREA
Elmswell is about 9 miles East of Bury St Edmunds, located just north of the A14. Being one of the largest villages in Suffolk, and having a thriving community, it is well-served with a wide range of shops and amenities, including a Post Office, large Co-Op, Mace General Store, Primary School, Nursery School, two Public Houses, Pharmacy, Butchers, Library, Hair Salons, Veterinary Surgery, Pet Shop, Travel Agent, Fish and Chip Shop and Chinese Takeaway. The busy Blackbourne Community Centre offers many social and sports clubs. The village has its own railway station, and the nearby town of Stowmarket has a mainline link to Londons Liverpool Street, in approximately 80 minutes.
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.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £1,037.92
Total Interest: £133,651.37
Overall Total: £373,651.37
Amortization For Monthly Payment: £1,037.92 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £7,609.34 | £4,845.71 | £235,154.29 |
| 2026 | £7,451.98 | £5,003.06 | £230,151.23 |
| 2027 | £7,289.52 | £5,165.53 | £224,985.70 |
| 2028 | £7,121.77 | £5,333.27 | £219,652.43 |
| 2029 | £6,948.58 | £5,506.46 | £214,145.96 |
| 2030 | £6,769.77 | £5,685.28 | £208,460.69 |
| 2031 | £6,585.15 | £5,869.90 | £202,590.79 |
| 2032 | £6,394.53 | £6,060.52 | £196,530.27 |
| 2033 | £6,197.72 | £6,257.32 | £190,272.95 |
| 2034 | £5,994.53 | £6,460.52 | £183,812.43 |
| 2035 | £5,784.73 | £6,670.31 | £177,142.12 |
| 2036 | £5,568.12 | £6,886.92 | £170,255.19 |
| 2037 | £5,344.48 | £7,110.57 | £163,144.63 |
| 2038 | £5,113.57 | £7,341.47 | £155,803.16 |
| 2039 | £4,875.17 | £7,579.87 | £148,223.28 |
| 2040 | £4,629.03 | £7,826.02 | £140,397.26 |
| 2041 | £4,374.89 | £8,080.16 | £132,317.10 |
| 2042 | £4,112.50 | £8,342.55 | £123,974.55 |
| 2043 | £3,841.58 | £8,613.46 | £115,361.09 |
| 2044 | £3,561.87 | £8,893.17 | £106,467.92 |
| 2045 | £3,273.08 | £9,181.96 | £97,285.96 |
| 2046 | £2,974.91 | £9,480.13 | £87,805.82 |
| 2047 | £2,667.06 | £9,787.99 | £78,017.83 |
| 2048 | £2,349.21 | £10,105.84 | £67,911.99 |
| 2049 | £2,021.03 | £10,434.01 | £57,477.98 |
| 2050 | £1,682.21 | £10,772.84 | £46,705.14 |
| 2051 | £1,332.37 | £11,122.67 | £35,582.47 |
| 2052 | £971.18 | £11,483.86 | £24,098.60 |
| 2053 | £598.26 | £11,856.79 | £12,241.82 |
| 2054 | £213.23 | £12,241.82 | £0.00 |
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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Sun May 18 2025
All confirmed! We look forward to speaking with you.
Sun May 18 2025
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