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64 Newland Street, Witham
£375,000
Bedrooms
Bathrooms
Welcoming to the market is this three bedroom semi-detached home in the popular village of Kelvedon with great transport links to London as well as being within the catchment for the popular primary school with an Ofsted rating Good.
The property benefits from three bedrooms, lounge, conservatory, garage, ample off street parking and is situated on a good size plot and has the potential to extend subject to the necessary planning consents.
Upon entering the front door you have stairs rising to the first floor and to the left is a door leading into the lounge. The lounge features a window to the front aspect and fireplace with alcove shelving either side. A door leads into the kitchen which has a range of wall and base units, under counter lights ceramic sink inset to solid wood worktop, space for an oven with extractor fan above, utility area with space for white goods. There are double doors leading through to a conservatory with windows surrounding and patio doors opening out to the garden. Located off the kitchen is a cupboard under the stairs, door to the side access and further door to the ground floor cloakroom with obscure window to the rear, W.C and a wash hand basin.
The first floor landing gives access to all three bedrooms and the family bathroom. Bedroom one has a window to the front aspect. Bedroom two and three have windows to the rear aspect. The family bathroom has an obscure window to the front aspect, panel enclosed bath with shower overhead, W.C, wash hand basin, heated towel rail and an airing cupboard.
Outside
The garden is split into different zones and commences with a paved and shingle area, there is a gate leading to a further area which is laid to lawn with flower and shrub beds and enclosed by picket fence. There is a further area which is paved with a pergola and makes an ideal seating area. At the foot of the garden is the garage, sheds, greenhouse and off road parking.
Location
Kelvedon is a popular village between Colchester and Chelmsford, with a variety of shops, pubs and restaurants and a libray. Kelvedon village is a vibrant community playing host to a wide range of community groups, events and activites throughout the year for all ages. Educational facilities include St Marys Primary School which Ofsted has rated as outstanding and the property is close to both Honywood and Thurstable secondary schools. Additionally there is King Edward VI Grammar School along with Chelmsford County High for Girls and Colchester Royal Grammar School. Kelvedon is also on the private bus route for a number of independant schools in the area.
The village is bypassed by the A12 which leads to Colchester and Chelmsford and links to the M25 and London. The mainline railway station at Kelvedon is within easy walking distance (journey time to London Liverpool Street approx. 50 minutes).
Directions
Please use the postcode CO5 9DN for SatNav.
Important Information
Council Tax Band - C
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
EPC rating - tbc
Ref - MAN240012/GH
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £1,621.75
Total Interest: £208,830.27
Overall Total: £583,830.27
Amortization For Monthly Payment: £1,621.75 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £11,889.59 | £7,571.42 | £367,428.58 |
| 2026 | £11,643.72 | £7,817.29 | £359,611.30 |
| 2027 | £11,389.87 | £8,071.14 | £351,540.16 |
| 2028 | £11,127.77 | £8,333.24 | £343,206.92 |
| 2029 | £10,857.16 | £8,603.85 | £334,603.07 |
| 2030 | £10,577.76 | £8,883.25 | £325,719.82 |
| 2031 | £10,289.29 | £9,171.72 | £316,548.10 |
| 2032 | £9,991.45 | £9,469.56 | £307,078.55 |
| 2033 | £9,683.94 | £9,777.06 | £297,301.48 |
| 2034 | £9,366.45 | £10,094.56 | £287,206.92 |
| 2035 | £9,038.64 | £10,422.37 | £276,784.56 |
| 2036 | £8,700.19 | £10,760.82 | £266,023.74 |
| 2037 | £8,350.75 | £11,110.26 | £254,913.48 |
| 2038 | £7,989.96 | £11,471.05 | £243,442.43 |
| 2039 | £7,617.45 | £11,843.55 | £231,598.88 |
| 2040 | £7,232.85 | £12,228.16 | £219,370.72 |
| 2041 | £6,835.76 | £12,625.25 | £206,745.47 |
| 2042 | £6,425.77 | £13,035.23 | £193,710.24 |
| 2043 | £6,002.47 | £13,458.53 | £180,251.70 |
| 2044 | £5,565.43 | £13,895.58 | £166,356.12 |
| 2045 | £5,114.19 | £14,346.82 | £152,009.31 |
| 2046 | £4,648.30 | £14,812.71 | £137,196.59 |
| 2047 | £4,167.28 | £15,293.73 | £121,902.86 |
| 2048 | £3,670.64 | £15,790.37 | £106,112.49 |
| 2049 | £3,157.87 | £16,303.14 | £89,809.35 |
| 2050 | £2,628.45 | £16,832.56 | £72,976.78 |
| 2051 | £2,081.83 | £17,379.18 | £55,597.61 |
| 2052 | £1,517.47 | £17,943.54 | £37,654.07 |
| 2053 | £934.78 | £18,526.23 | £19,127.84 |
| 2054 | £333.17 | £19,127.84 | £0.00 |
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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Mon May 19 2025
All confirmed! We look forward to speaking with you.
Mon May 19 2025
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