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64 Newland Street, Witham
£110,000 Guide Price
Bedrooms
Bathrooms
'GUIDE PRICE 110,000 - 130,000'
Offered for sale with no onward chain is this one bedroom ground floor apartment available to the over 60s. The property is situated within walking distance of the town centre and nearby river walks.
This one bedroom well presented ground floor flat for the over 60s in the popular Moorfield Court situated within a short walk of Withams town centre. The property benefits from a good sized bedroom, a lounge, kitchen, bathroom and views across the communal gardens and river walk. The property is offered to the market with the added benefit of no onward chain.
Accommodation comprises, entrance door from communal hallway leading into the hall where doors give access to all accommodation and storage cupboards. The living room has windows to the rear aspect overlooking the communal gardens and river walk. The kitchen is fitted with a range of wall and base level units incorporating cupboards and drawers, a one bowl sink and drainer unit inset into worktop surfaces, an integrated oven and four ring electric hob with extractor hood above. Bedroom one has a window to the rear aspect. The accommodation concludes with a bathroom comprising panel enclosed bath with shower over, low level W.C and wash hand basin.
Location
A short walk away is Withams main High Street with its local shops, amenities and supermarkets. For the commuter Withams mainline railway station is within walking distance with its direct route to London Liverpool Street and a short drive to the A12 trunk road with its links to London and the Coast. Witham offers various recreational facilities including the Benton Park Golf course and country club with stunning 18 hole course and country club facilities.
Directions
Please use the postcode CM8 1AE for SatNav.
Important Information
Council Tax Band - B
Services - We understand that mains water, drainage and electricity are connected to the property.
Tenure - Leasehold
EPC rating - C
Our ref - CHE250083/GH
Lease details - Subject to confirmation from the management company and these charges are for the current year and maybe subject to change.
Ground rent - TBC
Service charge - TBC
Remaining lease length - TBC
Agents note
Any intending viewers or purchasers are advised of the following: An EWS1 form ( External Wall Survey) may be recommended for certain apartment buildings dependant on issues such as the height of the structure. the positioning of balconies and composition of any external cladding. Fenn Wright have not undertaken any such assessment in respect of this particular property and this note has been added to all flats being offered for sale throughout our business as appropriate general guidance .We recommend that potential purchasers seek advice from their solicitor and an independent Chartered Surveyor before committing to a purchase.
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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