Picture No. 09

House For Sale £775,000
Harkstead, Nr Ipswich, Suffolk, IP9


Description
Enjoying stunning, panoramic views across the Stour Estuary, an edge of village bungalow offering scope for refurbishment or redevelopment (subject to planning).

Stour Bungalow enjoys a tucked away setting on the edge of the village of Harkstead with panoramic, south facing views across the neighbouring farmland to the River Stour. An ever changing scenery of land, river and sky presenting interest all year round, with the river bank and its secluded beaches just a 500 yard footpath away.

The bungalow is understood to date from circa 1926 and until the recent passing of the last owner, had been her home for the whole of her life, as the third generation of a local family who had built the bungalow, while living in the neighbouring Stour Cottage.

Sited on a 0.44 of an acre plot, which includes an L-shaped garaging/store range and sheltered gardens, Stour Bungalow offers a straightforward layout of accommodation extending to some 1,383 sq ft, which includes a central hallway with two front reception rooms, two bedrooms, a snug and a kitchen hall. There are in addition two shower rooms and a utility room, whilst running along the front is a more recent conservatory.

The property is unmodernised, save for an oil-fired AGA, has a few night storage heaters and open fireplaces.

In addition there is a narrow ‘peninsula’ of land to the south west which has been used as a kitchen garden.

STRUCTURAL CONDITION

The property shows significant and obvious signs of structural movement with cracking evident in a number of rooms, which suggests there is a subsidence issue, and which in the agent’s opinion would make the property questionable for insurance and therefore mortgage advance.

REFURBISHMENT/REDEVELOPMENT POTENTIAL

The bungalow, its outbuildings and gardens, is offered as it stands, with potential to be refurbished and extended. In light of a number of contemporary redevelopment schemes of individual properties in the vicinity, there would appear to be a precedent for the possible redevelopment on the site, subject to planning. At this stage no enquires have been made of the local planning authority.

4.35 ACRE AGRICULTURAL FIELD

Situated to the south of Stour Bungalow is a 4.35 acre agricultural field, the freehold of which is included within the sale, but which is subject to an Agricultural Holding Act Tenancy in favour of the local farmers, who crop the field in conjunction with their adjoining farmland, for an annual rent of £405, which is currently subject to review.

Overage - The 4.35 acre agricultural field (but not the house and immediate garden) will be subject to an overage payment in favour of the present vendors or their assignees, which will be payable on the grant of planning permission for any development on the field at a time over a twenty year period from the date of completion of the sale. The effect of this will be to require the buyers to give 30% of the uplift in value of the field or any part of it, resultant on the grant of planning permission, to the present vendors or their assignees.

LOCATION

The popular village of Harkstead is nicely tucked away on the Shotley Peninsula, close to the banks of the River Stour. The nearby village of Holbrook (1.5 miles) has an active local community and offers a useful range of local amenities, including a village supermarket, primary and high schools and a local doctor’s surgery. There is a full range of shopping and commercial facilities in the county town of Ipswich (6 miles), whilst from nearby Manningtree Station (7 miles) there are regular rail services to London Liverpool Street Station taking about 65 minutes. Throughout the Shotley Peninsula there are many footpaths and bridleways and both the Stour and neighbouring Orwell Estuaries provide a wide choice of water sport opportunities including potential for a tidal mooring in the river and Holbrook Creek.

DISTANCES

500 yards (485 mtrs) footpath access to the river bank
Holbrook village & local amenities – 1.5 miles
Ipswich – 6 miles
Manningtree station - 7 miles (London Liverpool Street Station 65 mins approx.)

DIRECTIONS (IP9 1BS)

From the Ipswich southern bypass (A14), turn off at the Wherstead interchange and travel towards Ipswich on the A137. At the bottom of the hill, turn right at the roundabout (on to the B1458) and proceed under the Orwell Bridge and along the banks of the River Orwell. After climbing the Freston hill, turn right at the water tower junction on to the B1080, signed to Holbrook. Proceed into the village, turning left just beyond the pub, into Fishpond Lane. Proceed for approximately 1 mile, passing through Lower Holbrook, and continue on into the village of Harkstead. In the centre, turn right just before the Bakers Arms pub into Walnut Tree Lane and them immediately right again into a driveway marked with a footpath sign. Proceed to a five bar gate, and turn left into the driveway of Stour Bungalow.

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AGENT’S NOTE

Main Sewer Pipe: Buyers should be aware that the Anglian Water main village sewer pipe runs through the garden land of the property to the east of the bungalow.

PROPERTY INFORMATION

Services: Mains electricity, water and drainage are connected to the property.

Tenure: Stour Bungalow: Freehold with vacant possession at completion. 4.35 Acre Arable Field: Freehold, but subject to the agricultural occupancy under Agricultural Holdings Act Tenancy.

Viewings: The property is monitored by a local custodian and all viewings are requested to be by appointment via Jackson-Stops.


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