2 bedroom land (commercial) for sale

£675,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

'' GUIDE PRICE 675,000 - 700,000 '' Nestled in the picturesque village of Great Oakley, this impressive five-bedroom detached bungalow offers a rare opportunity to acquire a substantial family home set within approximately 1.5 acres of beautifully maintained grounds. Boasting a private in-and-out driveway, a swimming pool, and generous living spaces, this property seamlessly blends comfort, style, and exclusivity.
Upon entering, you are welcomed into a bright and spacious hallway that leads to an array of well-proportioned rooms. The heart of the home is the expansive open-plan living and dining area with a balcony, which enjoys an abundance of natural light and stunning views over the landscaped gardens. The modern kitchen is fully equipped with high-end appliances, ample storage, making it ideal for both casual dining and entertaining.
The bungalow features five well-appointed bedrooms, including a luxurious principal suite with an en-suite bathroom. The remaining bedrooms are generously sized, offering flexibility for family living, guest accommodation, or a home office. A stylish family bathroom completes the main living quarters.
Externally, the property is surrounded by beautifully landscaped gardens, offering a perfect balance of manicured lawns, mature trees, and open spaces. The swimming pool provides a private oasis for relaxation and recreation, while the expansive grounds offer potential for a variety of outdoor pursuits. The in-and-out driveway provides ample parking and easy access to the property, further enhancing its convenience and privacy.
Located in the sought-after village of Great Oakley, this home enjoys a peaceful rural setting while remaining well-connected to nearby Harwich and Colchester, with excellent transport links, local amenities, and reputable schools within easy reach.
This unique bungalow is a perfect choice for those seeking a spacious and versatile home with exceptional outdoor space. Early viewing is highly recommended to fully appreciate all that this stunning property has to offer.
Entrance Hallway Entrance door, double glazed windows, storage cupboard, doors leading off
Inner Hallway Stairs rising to the first floor landing, storage cupboards, doors leading off
Kitchen 246' x 86'Double glazed window to side, vaulted ceiling, French doors leading out onto the rear garden, wall and base level units, stainless steel sink and drainer with mixer tap over, oven and hob, extractor fan, worktops, space for appliances, log burner, radiator
Utility Room 125' x 55'Double glazed window and door, plumbing for appliances, sink, worktop, radiator
Master Bedroom 141' x 119'Double glazed window and French doors leading out onto the rear garden, built in wardrobes, radiator, door to:
En Suite Obscure double glazed window, wet room style, low level WC, wash hand basin, heated towel rail
Bedroom Two 141' x 111'Double glazed windows to front and rear, radiator, access to:
Cloakroom Obscure double glazed window, Jack & Jill style, access from bedroom two and hallway, wash hand basin, low level WC, radiator
Bedroom Three 114' x 104'Double glazed window to front, radiator
Bedroom Four 104' x 89'Double glazed window to side, radiator
Bedroom Five 114' x 610'Double glazed window to side, radiator
Bathroom 117' x 72'Obscure double glazed window, low level WC, wash hand basin, Jacuzzi bath, heated towel rail
Lounge/Diner 30 x 13Ornate window to front, French doors to balcony, two radiators
Balcony Eaves storage, balustrade, overlooking the expansive gardens
Front of Property In & out driveway providing off road parking for multiple vehicles, raised flower beds, access to the rear garden
Rear Garden / Approx. 1.5 acresFully enclosed and private, three brick built stables, paddock, swimming pool ( currently in disrepair )

Mortgage Calculator

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 )

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

£ 559575

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 16875
  • 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

£ 53325
  • Mortgage Interest
    £

    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)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

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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