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£590,000 Guide Price
Bedrooms
Bathrooms
Pennington are pleased to offer this rarely available detached three bedroom property in need of modernisation. The Property sits on the edge of Foxhall wood with stunning Suffolk farm land surrounding the property and sits in a very rural secluded location. Mainly double glazed, has good room height and a spacious feel with loads of potential to extend (subject to planning) to create a very special family home. The property has a good size garden and paddock. The property has oil fired central heating. Well water and soak away cess pit. The property will be sold with vacant possession and an internal viewing is highly recommended.
Main front door to spacious hall with stairs to the first floor and three doors off:
Hallway 911 x 60 (3.03m x 1.84m)
Spacious hall with door off, stairs to the first floor and three doors off:
Living Room 130 x 113 (3.97m x 3.44m)
Sunroom/Conservatory 113 x 72 (3.44m x 2.20m)
Dining Room 116 x 120 (3.52m x 3.68m)
Kitchen 99 x120 (2.98m x 3.66m)
Kitchen leads into small utility laundry and bathroom
Utility Room 611 x 45 (2.13m x 1.35m)
Bathroom 611 x 65 (2.13m x 1.96m)
family bathroom, good size, a bath with a shower
Boot Room 110 x 71 (3.38m x 2.18m)
Boot room could be a utility, has access onto the side garden and views all round property.
Landing 74 x 60 (2.24m x 1.83m )
Upstairs to 1st floor, halfway landing has a large window, top landing has a picture, port hole window & Doors off:
Bedroom 1 121 x 101 ( 3.69m x 3.09m)
Bedroom one to the right of the landing, good size room double aspect over fields, fireplace possibly open but decorative, double fitted wardrobe
Bedroom 2 130 x 98 ( 3.98m x 2.97m)
Cross the landing to the second bedroom above the dining room again like the dining room double aspect chimney breast, but no fireplace and single fitted wardrobe
Bedroom 3 120 x 99 (3.67m x 2.99m)
Third bedroom slightly smaller but only just, large window with aspect of side garden, large cupboard with airing and hot water cylinder.
Outside
From the road small entrance to driveway with access to the paddock on the left as you come up the driveway. Mature trees line the access from the road and property is well hidden from the road. As you approach the property that is fairly central to the plot you have garden area and patio to the left. Green house to the rear and brick built kennels to the right hand side boundary.
Paddock is gated and fences but there is some repair work required to the paddock area to make it fully secure. Total area 0.72 Acres (According to plan)
Tenure: Freehold
EPC band E
Council tax band D
Water and sewerage: Well water and soak away, cess pit.
NB: THIS PROPERTY HAS GRANTED PROBATE AND THE EXECUTOR WORKS AT PENNINGTON.
Map location is not available for this property.
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 )
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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