4 bedroom semi detached bungalow for sale

£579,950 Offers over

4

Bedrooms

3

Bathrooms

3

Reception

Floorplan

Large four bedroom bungalow located in a non estate position in the popular Fordham Heath area to the West of Colchester. The bungalow offers excellent sized flexible accommodation.
Ground Rent :0



Features
  • Freehold


Property additional info

RECEPTION HALL:
Solid wooden door, wooden laminate floor, two radiators, access to loft, leading to inner hall.

SITTING ROOM: 22' 2" x 16' 6" (6.76m x 5.03m)
Wooden laminate floor, two radiators, two double glazed bow windows to front, double glazed window to side.

STUDY/BOX ROOM: 9' 10" x 5' 5" (3m x 1.65m)
Radiator, double glazed window to side.

BEDROOM FOUR: 9' 8" x 9' 6" (2.95m x 2.9m)
Double glazed window to side, radiator.

MASTER BEDROOM: 12' 10" x 10' 2 max" (0m x 3.1m)
Radiator, wooden laminate floor, double glazed window to rear, range of fitted wardrobes.

EN-SUITE SHOWER ROOM:
Heated towel rail, low level w/c, fully enclosed shower unit.

FAMILY BATHROOM: 8' 10" x 6' 8" (2.69m x 2.03m)
Radiator, part tiled walls, corner bath, wash hand basin with vanity cupboard, low level w/c.

CONSERVATORY: 9' 7" x 9' 7" (2.92m x 2.92m)
Double glazed to all elevations, double glazed door to rear garden. Access off bedroom 3.

BEDROOM TWO: 12' 3" x 7' 10" (3.73m x 2.39m)
Radiator, wood laminate floor, double glazed bow window to front.

EN- SUITE SHOWER ROOM:
Low level w/c, wash hand basin, fully tiled & enclosed shower, tiled floor, heated towel rail, tiled walls.

KITCHEN BREAKFAST/DINING ROOM: 26' 7" x 10' 11" (8.1m x 3.33m)
Wooden laminate floor, feature radiator, feature skylight vaulted window, double glazed window to rear, double glazed French doors to rear garden, modern stylish fitted kitchen with white fronted units and black work tops, built in double oven, central island unit/breakfast bar, four ring hob unit with stainless steel extractor hood, sink unit with mixer taps above.

BEDROOM THREE: 13' x 9' 7" (3.96m x 2.92m)
Wood laminate floor, radiator, double glazed doors to conservatory.

OUTSIDE:
To the front of the property there is a shingle driveway which provides ample off street parking. There is also a small lawned area and mature conifer bush. To the rear there is a large garden which is split onto two levels. The top area of the garden has a large impressive patio enclosed by mature hedge and low brick wall with steps leading down to the lower lawned area. The garden is enclosed by mature bushes, conifers and trees. At the bottom of the garden there is a small local stream.

TENURE:
The property is available freehold with vacant possession upon completion.

VIEWING:
Strictly by prior appointment with Stanfords, call 842156 and ask for Steve or Nina.

Room title:
Large four bedroom family bungalow located in a non estate position in the popular Fordham Heath area to the West of Colchester. The bungalow offers excellent sized flexible accommodation and is close to the heathland and open space of Eight Ash Green Cricket Ground.

Nearest Stations:

2.18 miles
Marks Tey
2.86 miles
Colchester
3.42 miles
Chappel and Wakes Colne
3.48 miles
Colchester Town
4.44 miles
Hythe

Map location is not available for this property.

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

£ 481158.75

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 14498.75
  • 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

£ 46196.25
  • 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

Adjust these figures

  %

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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