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64 Newland Street, Witham
£575,000 Guide Price
Bedrooms
Bathrooms
Situated in the sought after medieval market town of Coggeshall is this detached family home which has been improved over recent years by the current owners.
The property benefits from four double bedrooms, two reception rooms, en-suite to master in addition to the family bathroom and downstairs W.C, driveway, garage and private garden.
Upon entering the entrance door you are greeted into the entrance hall with doors to all accommodation, stair rising to the first floor and cloakroom featuring an W.C and a wash hand basin.
On the right is the sitting room with a window to the front aspect with window seat, built in cupboards with shelving above and access through to the dining room. The dining room has a window to the rear with views over the garden and a door leading into the kitchen. The kitchen can be accessed from both the hallway and dining room and has a window and door to the rear leading out to the garden. The kitchen is fitted with a range of wall and base units incorporating cupboards and drawers, sink inset to the worksurface with matching splashbacks, space for a dishwasher and fridge, free standing oven with stainless steel extractor fan over and there is the wall mounted boiler.
The first floor landing gives access to the four double bedrooms and family bathroom. Bedroom one is a light and airy room with windows to the front and side aspect and features a recently updated en-suite comprising corner shower, W.C and a wash hand basin. Bedroom two is a good size room with dual aspect windows to the front and rear. Bedroom three and four are set to the rear of the property both with windows overlooking the garden and bedroom four is currently being used as an office making an ideal work from home space. The family bathroom has been recently redecorated and comprises of a panel enclosed bath with shower over, wash hand basin, W.C and fitted mirror with lighting.
Outside
The property is approached over a driveway providing off road parking and in turn gives access to the integral garage which has power and lighting and has been split into two sections with the front section being storage and the section to the rear is currently being used as a gym and has a window and door to the rear and further patio doors to the side.
There is side gated access leading to the L shaped rear garden commences with a paved patio area with the remainder being laid to lawn and enclosed by wood panel fencing.
Location
Coggeshall is a highly regarded Essex village which has a variety of shops serving day to day needs. The Brasserie, White Hart Hotel and Coggeshall Spice Indian are popular for eating out. Educational facilities are provided by St Peters Primary School and Honywood Community School, both of which have an excellent reputation. The village is bypassed by the A120, travelling east towards Colchester. To the west there is good access to Stansted Airport and the M11. Kelvedon Station is approximately 3 miles away and offers a fast and frequent service to London Liverpool Street. Coggeshall community bus connects the village to the station at peak times.
Directions
Please use the postcode CO6 1SG for SatNav.
Important Information
Council Tax Band - E
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
EPC rating - C
Ref - WIT250126/EA
Agents note
Access to the property is gained via a private road, the upkeep of the road is shared between the neighbouring properties who have right of access across the drive. This property does have the ownership of the private road.
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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