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64 Newland Street, Witham
£925,000
Bedrooms
Bathrooms
Part of our Signature collection, Ormonde Lodge is a Grade II Listed family home dating back to the 18th Century. The property has been wonderfully restored whilst retaining the original charm and character well known for this era.
Set in a convenient position on the High Street in Kelvedon with close proximity to the mainline railway station, the property offers a good size cart lodge, ample off-road parking to the front and rear and a private, walled, enclosed garden.
The current owners have thoughtfully restored the property preserving many original period features whilst incorporating modern comforts.
The property is approached from the front entrance leading into a spacious entrance hall which gives access to the two principal reception rooms both with high ceilings. The sitting room has an open fireplace with decorative surround, a window to the front aspect and French doors to the side leading to the garden. Adjacent to the sitting room is the formal dining room with an open fire and ornate surround, window to the front aspect.
An inner hallway provides access to the first floor, cloakroom and door through into the kitchen/breakfast room with dual sash windows to the rear, an inset butler sink, Quartz work surfaces, integrated oven and four ring gas hob, integrated dishwasher.
The utility room has an inset butler sink inset into a solid wooden worktop and a door providing access to the rear garden.
The first floor landing provides access to all three bedrooms and the family shower room which comprises a walk-in double shower cubicle, vanity wash hand basin and low level WC.
The three generous bedrooms all have windows to the front aspect and all benefit from impressive tall ceilings.
Bedroom one also benefits from an en-suite comprising a walk-in shower cubicle, rolltop clawfoot bath and a vanity wash hand basin.
Outside
To the rear of the property is an extensive cart lodge with doors providing vehicular access. There is further gated parking to the rear on a block paved driveway.
The property can also be approached through wrought iron double gates. The gravel driveway provides off-road parking for multiple vehicles with a side, walled,enclosed garden which is mainly laid to lawn benefitting from extensive mature trees and shrubs.
Location
Kelvedon is a popular village with a variety of shops, pubs and restaurants serving day to day needs. Educational facilities include St Marys Primary School, rated Outstanding by Ofsted, and the property is close to both Honywood and Thurstable secondary schools. Also nearby are King Edward VI Grammar School, Chelmsford County High for Girls and Colchester Royal Grammar School.
The village is bypassed by the A12 which leads to Colchester and Chelmsford with links to the M25 and London. The mainline railway station at Kelvedon is within walking distance (journey time to London Liverpool Street approx. 50 minutes).
Directions
Please use postcode CO5 9AA for SatNav.
Important Information
Council Tax Band G
Services - We understand that mains water, gas, drainage and electricity are connected to the property.
Tenure - Freehold
Our ref - WIT220311
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
64 Newland Street, Witham
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