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64 Newland Street, Witham
£300,000 Offers over
Bedrooms
Bathrooms
A two bedroom first floor apartment situated in the gated community of Guisnes Court and located in the delightful rural village of Tolleshunt Darcy. The property benefits from lounge/diner with balcony, separate kitchen, en-suite to bedroom one and set within well maintained 3.5 acres of communal grounds.
In brief, the accommodation comprises of communal entrance door to front leading to communal entrance hall. A solid wood door to front leading to the apartments hallway. The hallway has solid oak doors to all accommodation with the lounge/diner being located to the rear with double glazed windows and French doors opening out onto the balcony. A door gives access to the kitchen which has a range of wall and base units under worktop, inset one and a half bowl sink, double oven and hob with extractor above, space for a fridge freezer and dishwasher. An opening leads through to the utility room where there is further wall and base units under worktop, space for a washer/dryer, breakfast bar seating area and a door gives access back through to the entrance hall.
Bedroom one has a double glazed window to rear, built in storage cupboards and access to en-suite facilities comprising shower cubicle, W.C a wash hand basin & towel heater. Bedroom two is a good size double room with doubled glazed windows to the rear aspect and built in sharp wardrobes. The family shower room has a double shower cubicle, W.C, wash hand basin and towel heater.
Outside
The apartment is set in a private gated ground with large gravel driveway leading to the parking. There are 3.5 acres of well maintained communal grounds.
Location
Tolleshunt DArcy is a small rural village within easy reach of Colchester and Maldon. Although enjoying a rural location the property is still easily accessible to the A12 trunk road, which leads to Colchester and East Anglia and to the south, Chelmsford, M25 and London. The nearest railway stations are Kelvedon 5.3 miles/Witham 5.5 miles which have a fast and frequent service to London Liverpool Street. The surrounding countryside offers a variety of outdoor pursuits with excellent walking and cycling. For sailing enthusiasts the nearby Tollesbury and Maldon provide a variety of facilities. There are also some fine golf courses found in the region.
Directions
Please use the postcode CM9 8TW for SatNav.
Important Information
Council Tax Band - C
Services - We understand that mains water, drainage and electricity are connected to the property.
Tenure - Leasehold
Lease details - Subject to confirmation from the management company and these charges are for the current year and maybe subject to change.
Lease length - 999 years from 1987
Service charge - approx. 1,750 per annum
EPC rating - tbc
Ref - COL250212/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.
64 Newland Street, Witham
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