6 bedroom unique for sale

£650,000

6

Bedrooms

2

Bathrooms

4

Reception

Floorplan

Key features


Chain FREE! - NOT A LISTED BUILDING!


Large (4 to 6 Bed) Detached Georgian Family Home in Generous Grounds
Well located: A14/A11 nearby + Kennett Train Station (Connections to Cambridge, Newmarket, Ely, Ipswich, Stowmarket, Peterborough, March)
Gated drive with parking for multiple vehicles
Numerous outbuildings ripe for conversion (STP)

Description
The Gables
An imposing (4 to 6 Bed) Georgian family home packed with many original features including exposed beams and numerous fireplaces.
The property sits in a large plot with gated entrance/driveway to the side, with generous parking and a large garden at the rear.
There are numerous outbuildings which would be perfect for conversion (STP) into annex accommodation or additional rooms to be utilised as offices, gym or a combination.
The home offers a spacious and versatile layout, with 2 additional reception rooms to the rear that could either be used for additional bedrooms or as offices or for leisure/hobbies.
The home whilst in a fair order throughout, would benefit from some enhancements.

Entrance Hall - Stairs to the first floor.

Kitchen Breakfast Room
7.23m x 3.67m (239 x 120)
Country style kitchen with a Belfast sink. An oil-fired AGA provides a cosy and useful centre point to this kitchen. In addition, theres an electric oven with a four-ring hob, integrated dishwasher and washing machine.
A kitchen island provides a large additional worktop and storage.
Theres also a handy walk-in pantry.
The exposed beams and window seating provide lovely features to this well-proportioned kitchen.

Dining Room
4.67m x 3.69m (154 x 121)
The dining room retains some fabulous period features such as inglenook fireplace which sits central to the room, as well as exposed beams. Its a lovely light room which would be fabulous for entertaining particularly with the open fire.

Sitting Room
5.63m x 4.58m (186 x 150)
Well-proportioned sitting room with open fire central to the room, making a cosy space for the family to enjoy.

Reception 3 (Utilised as Guest Lounge / Study)
3.77m x 3.80m (124 x 126)
A useful room. Was previously used as a lounge or study for guests when they stayed. N.b. The fireplace is not in use.

Reception 4 (Guest Bedroom / Bedroom 5)
4.78m x 4.06m (158 x 134)
This additional reception room was previously utilised as an additional bedroom. There are two windows to the side aspect.

Ground Floor Shower Room
Modern suite installed, comprising of double shower cubicle, hand wash basin and low-level WC.

Rear Lobby
Window to rear aspect. Access to;

Basement (Cellar / Utility Room)
2.13m x 3.58m (70 x 119)
With Boiler, plumbing for washing machine/dryer and storage space

First Floor Landing
Window to rear aspect.

Master Bedroom
5.88m x 4.64m (193 x 153)
Two windows to the front aspect. Three enormous built in double wardrobes. Theres also a hand basin.

Bedroom 2
4.90m x 4.33m (161 x 142)
Built in wardrobe and fitted wardrobe with sliding doors. Window to front aspect. Hand basin.

Bedroom 3
3.43m x 3.54m (113 x 117)
Window to front aspect. Two built in wardrobes and hand basin.

Bedroom 4
2.30m x 2.59m (77 x 86)
Window to rear aspect. Built in double wardrobe.

Family Bathroom
2.00m x 4.08m (67 x 135)
Modern bathroom with a suite comprising wash hand basin with a storage unit below, low level WC and oval shaped bath.

Outside
The private gated driveway (Would suit automated gates) leads to a generous hard standing parking area for numerous vehicles.
Theres a two-bay car port + a two-room store. This has potential to be opened up (ideal for conversion STP), or would make useful changing rooms if you were to add a swimming pool. There is plenty of room to do so.
The large enclosed rear garden is mainly laid to lawn with mature trees and shrubs around the perimeter. It is very private. The garden benefits from a paved terrace area which more could be made of + theres an outbuilding onto this, ideal for BBQ or outdoor kitchen.

Tenure & Possession

The property is for sale freehold with vacant possession on completion

Health & Safety

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Viewing

By prior telephone appointment

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Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £2,811.03

Total Interest: £361,972.46

Overall Total: £1,011,972.46

Amortization For Monthly Payment: £2,811.03 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£20,608.63 £13,123.79 £636,876.21 
2026£20,182.45 £13,549.96 £623,326.25 
2027£19,742.44 £13,989.98 £609,336.27 
2028£19,288.13 £14,444.28 £594,891.99 
2029£18,819.08 £14,913.34 £579,978.65 
2030£18,334.79 £15,397.63 £564,581.02 
2031£17,834.77 £15,897.64 £548,683.38 
2032£17,318.52 £16,413.90 £532,269.49 
2033£16,785.50 £16,946.91 £515,322.57 
2034£16,235.18 £17,497.24 £497,825.34 
2035£15,666.98 £18,065.44 £479,759.90 
2036£15,080.33 £18,652.08 £461,107.82 
2037£14,474.63 £19,257.78 £441,850.03 
2038£13,849.26 £19,883.15 £421,966.88 
2039£13,203.59 £20,528.83 £401,438.05 
2040£12,536.94 £21,195.47 £380,242.58 
2041£11,848.65 £21,883.76 £358,358.82 
2042£11,138.01 £22,594.41 £335,764.41 
2043£10,404.29 £23,328.13 £312,436.29 
2044£9,646.74 £24,085.67 £288,350.62 
2045£8,864.60 £24,867.82 £263,482.80 
2046£8,057.05 £25,675.37 £237,807.43 
2047£7,223.28 £26,509.13 £211,298.30 
2048£6,362.44 £27,369.98 £183,928.32 
2049£5,473.64 £28,258.78 £155,669.54 
2050£4,555.97 £29,176.44 £126,493.09 
2051£3,608.51 £30,123.90 £96,369.19 
2052£2,630.28 £31,102.13 £65,267.05 
2053£1,620.29 £32,112.13 £33,154.92 
2054£577.49 £33,154.92 £0.00 

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

£ 526,450

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 35,474

Cumulative Rental Profit

£ 354,738

Cost of Purchase

£ 38,950
  • Stamp Duty
    £ 20,000

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 16,250
  • 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

£ 42,526
  • Mortgage Interest
    £ 23,690

    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)
    £ 10,296
  • Letting Fee
    £ 240
  • Maintenance
    £ 7,800
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 724,569
  • Final Equity Profit
    £ 369,832

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

  • Cumulative Rental Profit
    £ 354,738

    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

£ 1,058,782

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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