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64 Newland Street, Witham
£550,000 Offers in excess of
Bedrooms
Bathrooms
This modern detached family home is situated in the popular village of Great Totham and benefits from three reception rooms, five bedrooms, four bathrooms two of which are en-suites, garage and off street parking.
Upon entering the property you are greeted with a spacious L shaped hallway giving access to all ground floor accommodation and stairs rising to the first floor. To the left is the dining room with a window to the front aspect. The lounge has patio doors opening out to the garden, fireplace. The snug/office makes an ideal work from home space with a window to the front aspect. The ground floor cloakroom has an obscure window, W.C and a wash hand basin. The kitchen has a range of wall and base units, sink inset to worksurface below window overlooking the rear garden, electric hob and oven, space for a fridge freezer. Accessed off the kitchen is the utility room which has space for washing machine, wall and base units under worksurface, boiler and a door to the garden.
Stairs rise to the first floor landing with airing cupboard and gives access to four bedrooms and the family bathroom. Bedroom one has a window to the front aspect, fitted wardrobes and access through to the en-suite featuring panel enclosed bath, separate shower, W.C. wash hand basin, obscure window and a heated towel rail. Bedroom two has a window to front aspect, built in storage cupboard and access to the en-suite featuring corner shower cubicle, W.C and a wash hand basin. The family bathroom has a panel enclosed bath, separate shower cubicle, W.C, wash hand basin, obscure window and a heated towel rail. Bedroom four has a window to the rear aspect and built in wardrobe whilst bedroom five which is currently being used as a study also has a window to the rear aspect and built in wardrobes.
On the second floor the landing space has been cleverly designed to incorporate a dressing area with fitted wardrobes and a Velux window with doors to bedroom three with three Velux windows, eaves storage. Also on the second floor is a shower room with shower cubicle, W.C and a wash hand basin.
Outside
The property is approached via a driveway providing off road parking and in turn gives access to the garage with up and over door and personal door to the garden.
There is side gated access leading to the rear garden commences with a decked seating area with the remainder laid to lawn. At the foot of the garden are steps leading down to the oil tank.
Location
Set in the Essex countryside not far from Maldons millennium walk and a convenient short stroll from everything you need, not forgetting set on a popular bus route, Great Totham is a parish community that encapsulates village life perfectly. It is enviably located between Chelmsford and close to the town of Maldon. The village boasts a variety of amenities such as excellent primary school, village shop, Church and a public house which dates back to the late 17th Century.
Just 2.5 miles away is the town of Maldon with more amenities such as the Blackwater Leisure Centre, Promenade Park, traditional and high street stores, mid-week market and many restaurants to enjoy at your own leisure.
The A12 is only 4 miles away, joined at Witham which links you to both Chelmsford and Colchester. For commuters the nearest train station is also at Witham (or Hatfield Peverel) where there is a direct line into London Liverpool Street in just 44 minutes on a fast service.
Directions
Please use the postcode CM9 8XL for SatNav.
Important Information
Council Tax Band - F
Services - We understand that mains water, drainage, oil and electricity are connected to the property.
Tenure - Freehold
EPC rating - tbc
Ref - WIT250133/GH
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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