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64 Newland Street, Witham
£1,000,000 Offers in excess of
Bedrooms
Bathrooms
Part of our Signature collection, Rye House is an imposing five bedroom detached house thought to date back to 1848, set in a good size plot and ideally positioned in the sought-after village of Feering.
The property offers generous accommodation, with three reception rooms in addition to the kitchen/breakfast room, an ensuite to the principal bedroom, gated off-road parking and a double garage.
The porch leads to an attractive stained glass front door which opens into the entrance hall, where there are stairs leading to the first floor and lower basement level, along with a cloakroom.
Set to the front of the property are the impressive family room and dining room, both with a dual aspect allowing an abundance of natural light, and both benefitting from fireplaces and high ceilings. The sitting room is set to the rear with an attractive open fireplace and impressive surround, a dual aspect, and doors leading out to the garden.
The kitchen/breakfast room has two windows to the side aspect and bi-folding doors to the rear leading to the garden. There is a butler sink inset to granite work surfaces, with a range of matching wall and base units. Appliances include a Range cooker with extractor above, integrated microwave and space for a dishwasher and fridge/freezer. Accessed from both the kitchen and entrance hall is the well-equipped utility room.
The spacious galleried landing provides access to all five bedrooms, the family bathroom and a separate wc. The principal bedroom has a window to the rear overlooking the garden, two built-in wardrobes and a door leading through into the ensuite facilities.
The second and third bedrooms are set to the front of the property, both with a dual aspect, and the fourth and fifth bedrooms are both a good size. The family bathroom has a panel bath, wc, wash hand basin, separate shower cubicle and a window to the side. There is a separate cloakroom fitted with a two piece suite.
The lower ground floor/basement is a versatile space which is currently being used by the owners as an art studio, but which could make an ideal home office or den.
Outside
The property is approached via a private driveway with double gates to the side leading to the detached double garage with electric up and over doors and personal door to the rear leading to the garden. There is an EV charging point attached to the garage and solar panels - further information available on request.
The front garden has a variety of mature trees and shrubs, whilst there is access on both sides of the property to the extensive rear garden. There is a large patio and the remainder is predominantly laid to lawn with a separate barbeque area and a child safe pond.
Location
Feering is a popular village located within easy reach of the A12 and coast (Chelmsford and M25 to south, and Colchester and Ipswich to the north). The nearby A120 gives easy access to Stansted and onto the M11. The nearest mainline railway station is at Kelvedon, approximately 0.4 miles away, with a fast and frequent service to London Liverpool Street (approximate journey time of 50 minutes).
There are excellent local shopping facilities and amenities including bus routes and access to Chelmsford and Colchester. Both Kelvedon and Feering boast sought-after primary schools and a highly regarded secondary school can be found in the nearby popular medieval market town of Coggeshall.
Colchester provides wider educational facilities including Colchester Royal Grammar School, Colchester County High School for Girls and Holmwood House. Post secondary education facilities include Colchester Sixth Form College and the University of Essex.
Directions
Please use the postcode CO5 9EA for SatNav.
Important Information
Council Tax Band - G
Services - We understand that mains water, drainage and electricity are connected to the property. The property has an EV charging point, solar panels and air source heat pump.
Tenure - Freehold
EPC rating - D
Ref - WIT240346/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.
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