4 bedroom detached for sale

£525,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

Guide 525,000 to 550,000
Offered to the market with no onward chain is this four/five bedroom detached house situated in the popular village of Terling. The property requires modernisation throughout however has lots of potential and room for improvements. There is ample off road parking and an extensive private garden.

On entering the property there is an entrance hall with staircase rising to the first floor and doors give access to all ground floor accommodation. The spacious lounge/diner has two double glazed bay windows to the front aspect, inset log burner with surround. The kitchen does require updating has a window to the side and rear, integrated stainless steel sink inset to worktop with a range of wall and base units, integrated double oven and with four ring electric hob above, Rayburn and space for fridge. Access is given into the garden room with window to the rear aspect and door leading through into a utility area. The utility area provides access into the garden with a butler sink, space and plumbing for washing machine and door giving access to a cloakroom. There is a good size study/bedroom five with a window to the side aspect and concluding the ground floor is the bathroom featuring panel enclosed bath, W.C and a wash hand basin.

To the first floor there is a spacious landing with access to four good size bedrooms. Bedroom one is set to the front of the property with a double glazed window and plenty of eaves storage. Bedroom two and three both have built in wardrobes whilst bedroom four is a good size with a window to the rear aspect.

Outside
The property is approached via a private driveway providing off road parking which in turn leads to a timber framed workshop. The front garden is mainly laid to lawn with a variety of mature trees and shrubs. The extensive rear garden commences with a paved patio area with the remainder mainly laid to lawn with mature trees and flower beds. To the foot of the garden are various vegetable patches.


Location

The property is situated in the sought-after village of Terling, surrounded by Terling Estate and offering picturesque views of the surrounding countryside. Terling lies to the north-east of Chelmsford city centre and is highly regarded, enjoying a rural location yet within a very short distance of Hatfield Peverel and the A12. Terling has a popular CoE primary school, parish church and village store, with regular bus links to the surrounding areas. The village has excellent recreational facilities including a swimming pool, tennis courts, football pitch, cricket pitch and childrens playground. There are also a number of clubs and organisations centred around the village hall.

The nearby village of Hatfield Peverel has a mainline station which serves London Liverpool Street (approximate journey time 42 minutes) and offers a variety of shops serving day to day needs. Main shopping centres can be found in Colchester and Chelmsford, with the Chelmer Valley park and ride service located 5 miles from the property.

Directions

Please use the postcode CM3 2PN for SatNav.

Important Information

Council Tax Band - F
Services - We understand heating is via a woodburning stove in the lounge/diner. Electric night storage heaters in most other rooms. Water heating is by electric immersion heater. The Rayburn cooker is oil-fired however we understand that the oil tank does needs replacing.
Tenure - Freehold
EPC rating - TBC
Ref - WIT250058/DJN

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 435825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 13125
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 42075
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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