Property for sale in Ablitts Meadow, Grundisburgh, Woodbridge IP13

68% ownership with A capacity to increase to 80% + monthly rent to english rural housing of £39.79 - superb edge of village location adjacent to fields, bridle paths & footpaths -more than £50,000 spent in upgrades & improvements in last 3 years to A show home condition in contemporary style - 13'3 X 12'6 delightful double aspect lounge plus separate dining room/nook with built-in seating & storage - replacement combi boiler & radiators - UPVC replacement double glazed windows & doors - fully modernised replacement bathroom & cloakroom - allocated parking space - all woodwork replaced including skirting boards, doors & door frames plus glazed staircase - LED spotlights throughout - karndean flooring throughout ground floor - luxury howdens kitchen with integrated appliances - timber framed cabin room with insulation, supplied with light, power & electric heating

A rare opportunity indeed to purchase this immaculately presented three bedroom semi detached house built in 2009 which has had upwards of £50,000 spent on it in terms of upgrades, improvement and modernisation in recent years.

For sale here is a 68% shared ownership with the option of extending the ownership to a maximum of 80%.

We understand from the vendor the monthly rent payable is £39.79 to English Rural Housing.

Therefore for the cost of a mortgage on a property of £238,000 plus a monthly rental of £39.79 the lucky buyers of this property will be able to own a property valued £350,000 and can move in without needing to do a thing. This home is in show home condition.

Situated in an absolutely idyllic location near to adjacent fields to the northern side of the village of Grundisburgh. Footpaths and bridle paths abound within five minutes walking distance making this superb for anyone with dogs, children or who enjoys walking or mountain biking etc.

Ablitts Meadow

68% ownership with A capacity to increase to 80% + monthly rent to english rural housing of £39.79 - superb edge of village location adjacent to fields, bridle paths & footpaths -more than £50,000 spent in upgrades & improvements in last 3 years to A show home condition in contemporary style - 13'3 X 12'6 delightful double aspect lounge plus separate dining room/nook with built-in seating & storage - replacement combi boiler & radiators - UPVC replacement double glazed windows & doors - fully modernised replacement bathroom & cloakroom - allocated parking space - all woodwork replaced including skirting boards, doors & door frames plus glazed staircase - LED spotlights throughout - karndean flooring throughout ground floor - luxury howdens kitchen with integrated appliances - timber framed cabin room with insulation, supplied with light, power & electric heating

A rare opportunity indeed to purchase this immaculately presented three bedroom semi detached house built in 2009 which has had upwards of £50,000 spent on it in terms of upgrades, improvement and modernisation in recent years.

For sale here is a 68% shared ownership with the option of extending the ownership to a maximum of 80%.

We understand from the vendor the monthly rent payable is £39.79 to English Rural Housing.

Therefore for the cost of a mortgage on a property of £238,000 plus a monthly rental of £39.79 the lucky buyers of this property will be able to own a property valued £350,000 and can move in without needing to do a thing. This home is in show home condition.

Situated in an absolutely idyllic location near to adjacent fields to the northern side of the village of Grundisburgh. Footpaths and bridle paths abound within five minutes walking distance making this superb for anyone with dogs, children or who enjoys walking or mountain biking etc.

Summary Continued

The village of Grundisburgh is highly sought after and has a number of facilities within the village including a very popular pub called The Dog, a new community centre and doctors surgery plus a local shop and cafe.

One of the most scenic villages in the Ipswich/Woodbridge area. There is a bus stop to the Farlingaye High School nearby and also buses running every hour Monday to Saturday to both Ipswich and Woodbridge. It is approximately four miles to Woodbridge and approximately a fifteen minute drive to the outskirts of Ipswich in the southerly direction. Meaning living in the countryside in a lovely edge of village location yet only a few minutes drive from either town.

The list of upgrades and improvements to the is property is eye watering and will be attracting a good deal of interest from potential buyers. We recommend contacting us for an early appointment.

They include the installation of a luxury contemporary Howdens fitted kitchen with granite worktops integrated appliances including microwave, oven, dishwasher and washing machine plus there is a delightful separate nook/dining area with built in seating and storage that will remain.

Throughout the property LED spotlights have been installed and a fuse board replaced.

A Worcester Bosch combination boiler has been replaced in the loft and is still under a five year warranty and all radiators have been replaced.

A fully modernised bathroom has been installed and virtually all woodwork throughout the property has been replaced including doors, skirting boards, door frames and a feature toughened glass side panels to the stairway and landing.

There is an extremely handy downstairs cloakroom with a virtually brand new contemporary suite and there is a new electric fire in the fireplace with genuine marble surround in the lounge.

Top of the range Karndean flooring has been installed on the ground floor to include the hallway, downstairs cloakroom, kitchen and the separate nook/dining area.

Shutter blinds have been installed in many rooms (not bathroom or kitchen) which will be remaining.

The blinds in the kitchen and the nook are to remain and seating with fitted cushions and upholstery in the nook will be remaining.

Throughout the property is UPVC good condition double glazed windows and doors and a Google home hub heating and smoke detector system linked to the doorbell including speakers and carbon monoxide detectors linked up to a Smart Nest system.

In the rear garden is a timber framed cabin which has been fully kitted out including an insulation barrier with plywood on the walls, a new felt roof and safety glass (wood burner not remaining). This is supplied with light and power, electric heating and even smoke alarm and carbon monoxide detector. This cabin would make a superb work from home office, treatment room, games room, superb room for teenagers or workshop etc and with a large westerly facing window benefitting from the sun for a good part of the day. This whole building is also linked into the Google hub.

Front Garden

To the front of the property the garden is neatly laid to lawn with path to front door and enclosed by high hedging. There is a sturdy side entrance gate leading to the rear garden.

Entrance Hall

Metal double glazed front entrance door through to reception hallway with stairs rising to first floor with feature contemporary glass balustrading, contemporary vertical radiator, Karndean flooring, two bespoke under-stairs corner cupboards plus additional door to cloakroom.

Cloakroom

Contemporary replacement downstairs cloakroom suite comprising vanity unit wash hand-basin with gloss grey cupboards under and low level W.C.

Lounge (4.0466 x 3.8322 (13'3" x 12'6"))

The focal point of the lounge is a new electric fire in genuine marble surround and radiator. This is a delightful double aspect room with windows facing both south and west making this an extremely sunny and bright room for a good part of the day.

Kitchen (4.0355 x 2.3561 (13'2" x 7'8"))

New replacement Howdens fitted kitchen with granite worktops. Extensive range of integrated appliances to remain including cda microwave, cda oven, dishwasher and washing machine, bottle store, single bowl sink unit, radiator, Zanussi induction hob, 45 degree angled extractor, extensive tiling, superb range of gloss fronted units comprising base drawers, cupboards, eye level units, deep pan drawers with granite work-surfaces and upstand plus tiled splashbacks, vertical contemporary radiator, recess ceiling spotlights, double glazed window to rear

Dining Room/Nook (2.8244 x 2.15767 (9'3" x 7'0"))

Fitted bench seats on three sides, UPVC double glazed window to rear, contemporary radiator, recess ceiling spotlights and UPVC door leading out into rear garden.

First Floor Landing

Glass balustrading and doors off. Door to cupboard, access to loft. The loft has a larger than average access complete with a fitted ladder. The new combi boiler is situated in the loft and as result there is extensive boarding and it is supplied with light. There is glass balustrading and doors off.

Bedroom One (3.3773 max plus 0.6380 deep wardrobes x 2.8932 (11)

Full width triple floor to ceiling mirror fronted wardrobes, radiator and window to rear.

Bedroom Two (4.0531 x 3.4063 (13'3" x 11'2"))

Radiator and window to side.

Bedroom Three (2.3372 x 2.2995 (7'8" x 7'6"))

Radiator and window to front.

Family Bathroom (2.8022 x 2.0815 max (9'2" x 6'9" max))

Complete replacement bathroom suite comprising bath with shower over and screen, vanity units wash hand-basin with cupboards beneath, low level W.C., fully tiled the contemporary tiles, window to rear with fitted blind, radiator and extractor fan.

Side/Rear Garden

The side/rear garden is neatly laid to artificial grass and is enclosed by high panel fencing which provides screening and shelter, as a result of this the garden is an absolute suntrap at various times of the day and also has a separate seating area.

Cabin Room/Office

At the rear of the property is a large timber framed cabin room which would also make a superb office, treatment room or games room and lends itself to a number of uses. The cabin has been installed with safety glass with felt roof, is supplied with light and power, has electric heating and insulated walls. (Wood burner not remaining).

Parking

There is an allocated parking space to the rear

Shared Ownership

What is for sale here is 68% of this shared ownership property with English Rural Housing Association owning the remaining 32%.

Incoming buyers have the option to increase their ownership to 80%.

Running alongside any monthly mortgage payments will be a Specified rent - £21.88 Service Charge - £6.83 Buildings Insurance - £11.08 Total - £39.79.

The rent may reduce if the ownership increases at any time.

For the mortgage repayments on a mortgage of £238,000 plus £39.79 per month rental lucky new buyers will be able to obtain this property that has been professionally valued at a figure of £350,000 in full ownership.

Taking that in combination with the extensive programme of upgrading and modernisation at a cost of at least £50,000 this is one once in a lifetime opportunity.

Originally the property was held on a lease with only 85 years unexpired.

However we understand that a new lease of 125 years has now been granted by the landlord for a new buyer to benefit from.

Agents Notes

Shared ownership. 68% owned
32% rented. Monthly rent £39.79
Leasehold 125 years remaining
Council tax band B