3 bedroom detached for sale

£400,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

LOCATION Thornham Magna is a tranquil North Suffolk village offering public house, church, village hall and transport links. The property enjoys a pleasing tucked away position set back off the street nestled amongst the surrounding woodland of the Thornham Estate.

ENTRANCE HALL Front door, storage cupboard.

CLOAKROOM WC, corner hand wash basin, radiator.

UTILITY ROOM Spaces for washing machine and tumble dryer, UPVC window to rear, sink, boiler, UPVC door to rear.

LIVING ROOM Woodburner, two UPVC windows to front, radiator, TV point.

KITCHEN / DINING ROOM Fitted with a range of wall and base units with kitchen island and breakfast bar, sink, spaces for microwave, dishwasher and fridge freezer, built in oven and hob, extractor hood, UPVC window to rear and UPVC double doors to rear, radiator.

FIRST FLOOR LANDING Two large storage cupboards.

BEDROOM THREE UPVC window to rear, radiator.

BEDROOM ONE Loft access, radiator, UPVC window to rear.

BEDROOM TWO Radiator, UPVC window to front, storage cupboard.

BATHROOM WC, wash basin, panelled bath with shower over, mostly tiled, UPVC window to front.

OUTSIDE To the front there is a large shingle driveway for multiple cars with access to the Garage which has power and light. Gated access leading to the first back garden which is fully enclosed and private with decking area with the remainder laid to lawn, garden shed, outside sockets, underground LPG gas tank. There is a gate at the rear which leads to the second garden and additional parking which can also be accessed further along the road via a track which neighbouring properties also have access over. The second garden has further parking, shed and summerhouse with power and light, large lawn area with orchard comprising a variety of fruit trees.

AGENTS NOTE TENURE - Freehold
COUNCIL TAX BAND - C

Klargester Treatment Plant
LPG Gas Central Heating

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

£ 332700

Mortgage Loan to Value

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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
    £ 10000
  • 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

£ 32700
  • 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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