5 bedroom detached for sale

£950,000 Guide Price

5

Bedrooms

2

Bathrooms

Floorplan

Guide Price 950,000 to 975,000 - Part of our Signature collection, this elegant Edwardian residence is in a central location close to Witham town centre and mainline railway station. The property has been updated and improved to a high standard, whilst retaining many period features.

Bygrove House is a substantial five bedroom detached family home set on a plot of approximately 0.3 of an acre, with an in-and-out driveway and a garage.

The front door opens into the spacious and grand entrance hall with solid oak flooring and underfloor heating. A turning staircase rises to the first floor with storage below, with a door to the cloakroom and a leaded window to the sitting room.

To the left is the family room, which could also make an ideal study, with a leaded window to the front and an attractive cast iron fireplace. To the right of the hall, the sitting room is of similar grand proportions, with high ceilings and an attractive cast iron fireplace with inset log burner the perfect cosy retreat as the autumn nights are drawing in.

The dining room is to the rear of the property with French doors opening out to the garden and a feature fireplace with arched recesses and built-in storage either side.

The stylish kitchen comprises a range of bespoke units with granite work surfaces and a central island/breakfast bar with solid wood worktop. The kitchen benefits from underfloor heating and integrated Siemens appliances include the dishwasher, high level double oven and warming drawer, plus an induction hob with extractor above. There is ample space for a large dining table in this light and airy room, which is ideal for entertaining friends and family. The delightful garden room has a triple aspect with tiled flooring and a door leading out to the garden - which could make an ideal access point for those with muddy paws or boots. Located off the kitchen is a useful utility and laundry room.

On the first floor, the generous split level landing providing access to the family bathroom, airing cupboard and a fantastic reading nook with built-in storage and stairs rising to the second floor.

The principal bedroom at the front of the property features built-in wardrobes and an ensuite shower room, whilst the second bedroom, third and fourth bedrooms are also a good size, each with built-in storage and bedroom four featuring an ornate fireplace. On the top floor, where bedroom five can be found has a dormer window to the front and double doors to a storage room.

Outside
To the front of the property is an in-and-out shingle driveway which sweeps around a lawned area with a mature hedge screen. The driveway gives access to the property and the detached timber garage. There is gated access to the side of the property with path leading to the rear garden.

The attractive garden is perfect for hosting, with a patio directly accessed from the house and a raised decked area with a hot tub and seating. The garden is approximately 153ft and includes a rather fabulous bar and entertaining space.


Location

Witham is a thriving market town having two shopping centres, there are a variety of shops serving day-to-day needs. The town has its own mainline railway station with direct trains to London Liverpool Street with a journey time of approximately 45 minutes. There are also nearby road links via the A12 to Chelmsford, M25 and London to the South, and to the North, Colchester and East Anglia. The A120 can be joined at Braintree giving easy access to Stansted Airport and M11.

Directions

Please use the postcode CM8 2DZ for SatNav

Important Information

Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
Council Tax Band G
EPC rating - tbc
Ref - WIT200404/DJN

Map location is not available for this property.

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

£ 775200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 23750
  • 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

£ 62700
  • 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.

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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

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This is the assumed rate of house price inflation.

Final Property Value

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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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