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£300,000 Offers over
Bedrooms
Bathrooms
Gingerbread Cottage, Quebec Road, Dereham, Norfolk A Charming 2 bed Home with large Self-Contained Annex
Nestled in a sought-after residential area of Dereham, Gingerbread Cottageoffers an exceptional blend of character, comfort, and versatility. This beautiful semi-detached property boasts a spacious two-bedroom cottage and a fantastic self-contained annex. Ideal for growing families, multi-generational living, or those seeking an income-generating opportunity, this property provides a perfect balance of traditional charm and modern convenience.
The main cottage features two generously sized bedrooms, a moderm kitchen and a bright reception areathat creates a welcoming space for both relaxation and entertaining. Gingerbread Cottageis well-maintained throughout, with a fresh and inviting atmosphere that exudes warmth and character.
The self contained annex has its own private entrance, offers a fantastic opportunity for independent living. Whether you need extra accommodation for guests, a separate home office, or an income-generating rental, the annex provides the flexibility to suit your needs. This charming 1/2 bed Annexincludes a living area, kitchen, bathroom and conservatory/second bedroom.Making it a fully functional and self-sufficient space.
Located on the desirable Quebec Road, this home is within easy reach of local amenities, schools, and transport links, offering a truly convenient lifestyle. Gingerbread Cottage offers a fantastic opportunity for those looking for a long-term investment or a charming family home with added potential. investment potential is significant here.with the property having previously sold for 325,000, reflecting the value and appeal in this highly desirable location.
Dont miss out on this rare opportunity to own a home with so much to offer. Contact us today to arrange a viewing and experience all it has to offer.
Council Tax Band
The council tax band for this property is E.
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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