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64 Newland Street, Witham
£900,000
Bedrooms
Bathrooms
Part of our Signature collection, The Old Rectory is a stunning example of a gothic style Victorian house, offering charm and character whilst being well-suited to modern living.
The property is conveniently located in Witham town centre and is thought to date back to 1852. It has been sympathetically upgraded and extended by the current owners to a high specification, providing accommodation over three floors.
The property is accessed through a large, solid wooden door into a spacious open-plan entrance hall with stairs rising to the first floor and access to all ground floor accommodation.
The sitting room has wonderful high ceilings and an attractive open fireplace with stone surround, whilst large Mullion windows to the front and side double doors onto the garden allow an abundance of light. There is a separate family room/office with a dual aspect, and this also has an open fireplace with stone surround.
Adjacent to the two reception rooms is the stunning open-plan kitchen/breakfast room and dining room, all of which has been beautifully constructed with an array of exposed red brick walls, a well-placed sky lantern and bi-fold doors. The impressive kitchen has a range of stylish units, with an integrated dishwasher, double oven and a four ring halogen induction hob. There is a free-standing island with a breakfast bar that seats four and with space for a large dining table, this is the perfect space for entertaining.
The utility room has a butler sink, doors to cupboard and larder and door leading to the garden. The ground floor concludes with a coat room and ground floor cloakroom.
To the first floor are stairs rising to the second floor and doors to three double bedrooms and the family bathroom. The principal bedroom benefits from a dual aspect overlooking the rear garden, with access to a large dressing area which in turn leads to the ensuite facilities. All of the bedrooms on the first floor have a characterful fireplaces. Bedroom three has a window to the front and a mezzanine floor and the fourth bedroom has a window to the rear aspect and a vaulted ceiling.
The family bathroom features a free-standing roll top bath, vanity wash hand basin, and double shower cubicle. On the second floor there is a large bedroom with four Velux windows, a shower cubicle, wc and a wash hand basin.
The second floor enjoys a large bedroom with multiple five velux windows, access is provided into the en suite facilities which includes a w/c, handbasin and double shower cubicle.
Outside
The property has ample off-road parking which leads to a detached garage. The side access leads to a cobble stone courtyard and steps up to a covered seating area with external heaters and a log burner. The remainder of the garden is predominantly laid to lawn with flower and shrub borders enclosed by a red brick wall and wrought iron fencing.
Location
The property is within a short walk of Witham High Street, with a variety of shops, supermarkets and restaurants. There are both primary and secondary schools nearby and the mainline railway station is within walking distance, with direct links to London Liverpool Street and an approximate journey time of 40 minutes. The A12 and A120 are easily accessible leading to Stansted Airport, London and the coast. The city of Chelmsford is only a short drive away and benefits from numerous shopping centres, retail parks, restaurants, night life and Anglia Polytechnic University.
Directions
Please use the postcode CM8 1BJ for SatNav.
Important Information
Council Tax Band -
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
EPC Exempt
Our ref - WIT180097/DJN
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.
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