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64 Newland Street, Witham
£450,000
Bedrooms
Bathrooms
Situated in a popular area of Witham is this four bedroom semi detached house situated within walking distance of the town centre and mainline railway station. The property offers good size family accommodation, large rear garden and ample off road parking with garage.
On entering the property you are presented with a spacious entrance hall with doors leading to all downstairs accommodation and staircase leading up to the first floor. The kitchen/breakfast room has a range of modern wall and base units, inset sink to worksurface with splashbacks, integrated oven, four ring gas hob, under stairs storage cupboard, window and door to the rear opening out to the garden. The property benefits from a separate dining room to the kitchen. The lounge is a good size with a window to front which leads onto the dining room. The ground floor concludes with bedroom four and downstairs bathroom to the rear of the property with window to rear aspect.
The first floor landing has a window to rear aspect and doors giving access to all three double bedrooms and a family bathroom. The bathroom comprises double glazed obscure window to rear aspect, panelled bath with shower over, a low level W/C and a pedestal handwash basin.
Outside
The property is approached by a block paved driveway providing off road parking for several vehicles. There is a detached double length garage with an up and over door and rear pedestrian access.
The rear garden has a patio area with the remainder mainly laid to lawn with a variety of flower and shrub borders. The property is enclosed by panel fencing.
Location
Witham has a busy High Street complemented by a choice of supermarkets, as well as a choice of schools and the recreational facilities offered at the Bramston Sports Centre. The towns railway station serves Londons Liverpool Street Station, the journey taking some 45 minutes. In addition the town is by-passed by the A12 trunk road, providing access to the excellent Grammar and other schools in Colchester and Chelmsford. To the north there is access to the A120 trunk road which is a dual carriageway west of Braintree, significantly reducing the travel time to Stansted Airport and the M11 motorway.
Directions
Please use the postcode CM8 2ET for SatNav.
Important Information
Council Tax Band - D
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
EPC rating - C
Ref - WIT250156/EA
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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