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64 Newland Street, Witham
£550,000
Bedrooms
Bathrooms
Old Ivy Chimneys is an exclusive development of just 11 detached family homes and each being thoughtfully designed and built to an exceptional standard, boasting high end fixtures & fittings. These unique homes are positioned in a convenient location offering excellent transport links plus access to local amenities.
These family homes range from 4 bedrooms across two floors to 5 bedrooms across three floors and the first phase will be ready for occupation early 2025.
Property Information
(With approximate room sizes)
Lounge
21 7' x 10 11' (6.58m x 3.33m)
Dining Room
13 1' x 7 10' (3.99m x 2.39m)
Kitchen/Breakfast Room
17 5' x 13 4' (5.31m x 4.06m)
Cloakroom
First Floor Landing
Bedroom One
11 8' x 9 8' (3.56m x 2.95m)
En-suite
7 10' x 4 5' (2.39m x 1.35m)
Bedroom Two
11 0' x 10 9' (3.35m x 3.28m)
Bedroom Three
10 11' x 10 4' (3.33m x 3.15m)
Bedroom Four
10 0' x 9 3' (3.05m x 2.82m)
Garage
Front and Rear Gardens
Specification
Kitchens
Neff integrated oven
Neff fridge freezer
Neff ceramic hob
Inset sink with drainer
Quartz worktops with matching upstands
Bathroom
All white sanitary ware
Ceramic tiling to shower/bath
Vanity basin unit
Ceramic tiled floor
Chrome heated towel rail
Heating
Underfloor heating to the ground floor
Gas central heating
Solar PV panels
Joinery and doors
Light Oak faced internal doors
OG skirtings and architraves
Double glazed sash uPVC window frames and patio doors
Security front door
Electrical
Low energy downlighting to kitchen and bathroom
Other rooms ceiling pendants
Multi media points to lounge
TV points to bedrooms
Ample socket switches in white
External finishes
Rear gardens mostly paved with some planting areas
Front gardens
Additional information
Build Zone 10 year warranty
Location
The property has access to the A12 which links to London and the Coast and is only a short distance away from Withams mainline railway station with its links to London Liverpool Street (approximate journey time of 40 minutes). Local primary and secondary schools are within walking distance of the property along with Withams shops, supermarkets and local amenities. Chelmsford is an approximate ten minute drive away and benefits from numerous shopping centres, retail parks, restaurants, night life and Anglia Ruskin University.
Directions
Proceed from the centre of Witham in the direction of Chelmsford, continue down Newland Street over the mini roundabout through two sets of traffic lights and continue into Hatfield Road where the property can be found on the right hand side.
Important Information
A rated energy efficiency
Council Tax Band - TBC
Services - We understand that mains water, drainage and electricity are
connected to the property.
Tenure - Freehold
EPC rating - TBC
Our ref - WIT240427/DJN
Agents Note:
The photos shown are of Plot 3 (the show home). Choices are subject to build stage & availability.
Map location is not available for this property.
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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