5 bedroom bungalow for sale

£1,495,000 Offers in excess of

5

Bedrooms

3

Bathrooms

Floorplan

Part of our Signature collection, Riverside is an outstanding five bedroom detached bungalow set in grounds approaching 3 acres with views over open countryside.

The property benefits from a fantastic size kitchen/dining room, en-suites to two bedrooms and a further shower room, with a swimming pool, workshop and quadruple garage. (Conversion into an Annex STPP)

The entrance hall has two double cloaks cupboards and a further storage cupboard, window to the front and inset spotlights throughout the property. There is access to the cloakroom/utility room which features a low level WC, wash hand basin and plumbing for washing machine, space for tumble dryer and wall mounted cabinets. The lounge has a log burner and windows to the front, side and rear aspect allowing an abundance of natural light. The kitchen/diner is a fantastic size room with porcelain tiled floor and has windows to the front and rear aspect as well as sliding patio doors to the side leading to the patio and swimming pool. The kitchen is fitted with a range of wall and base units under quartz worktops, full height integrated fridge, dishwasher, electric Aga, oven and hob. There is an island unit with two wine fridges under, integrated microwave and space for an air fryer.

Access from the entrance hall is given to all five bedrooms and the shower room. The principal bedroom has a window overlooking the rear garden and open countryside along with a dressing room with hanging rails and a window to the rear. The en-suite has a generous sized walk-in shower, twin wash hand basins, low level WC, heated towel rail, porcelain tiled floor and partly tiled walls. Bedrooms two, three and five have windows to the side overlooking the garden whilst bedroom four has access to an en-suite bathroom comprising low level WC, wash hand basin, bath with heated towel rail, porcelain tiled floor and partly tiled walls and heated towel rail. Bedroom six/study has a window to the front. There is a further shower room featuring a generously sized walk-in shower, vanity wash hand basin, low level WC, heated towel rail, porcelain tiled floor and partly tiled walls.


Outside
The property is situated in just under 3 acres and is approached via private electronic gates and a long driveway with a lawn area, mature shrubs and trees and in turn leads to the workshop/garage.

The gardens are manicured with extensive lawn, well stocked flower and shrub borders and back onto open countryside. There is a fishpond, summer house and a newly refurbished heated swimming pool which is surrounded by patio. There is a pump room and changing room for the swimming pool.

There is also an equestrian paddock of approximately 1 acre to the side of the property.

To the rear of the property there is a four car garage with rubber flooring, power, light and water connected.


Location

Shalford is an idyllic village surrounded by open countryside, with a thriving village shop, village hall, sports field and tennis court, as well as the popular pub which is a 5 minute walk away. The pretty historic village of Finchingfield with three public houses and restaurants, a convenience store/post office and doctors surgery is a few minutes driveaway.

Braintree station is around 4.9 miles away providing a regular service (via Chelmsford) to London Liverpool Street. Braintree is a thriving town with an attractive centre offering a range of shops serving day to day needs, with the popular Freeport Shopping Village located nearby and within a 20 minute drivetime are the private schools of Gosfield and Felsted. The A120 provides easy access to the A12 and Colchester to the north and M11 to the south. Braintree is 9 miles from the City of Chelmsford.

Directions

Please use the postcode CM7 5HS for SatNav.

Important Information

Council Tax Band - D
Services - We understand that mains water and electricity are connected to the property, drainage is via a septic tank. Oil fired central heating & boiler.
Tenure - Freehold
EPC rating - D
Our ref - WIT240167/DJN



Features
  • Freehold

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

£ 1252075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 37375
  • 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

£ 130825
  • 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.

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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

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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