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£1,150,000
Bedrooms
Bathrooms
As part of our Signature collection this outstanding individually designed detached family residence is a short distance to Mersea seafront offers fabulous living space throughout and featuring four reception rooms, five bedrooms, magnificent kitchen / family room, one and a half garage with office space over, parking for numerous vehicles and attractive gardens.
The property is accessed via an entrance door which leads to an entrance porch with further door to the dining hall. There are stairs to the first floor, wooden flooring, feature fireplace and understairs storage cupboard.
The lounge is located to the left of the property and has a feature fireplace, bay window to the side and a double glazed window to the front, both with fitted shutter blinds.
There is a further sitting room which has a double glazed box bay window to the front with fitted shutter blinds.
There is a study which has a double glazed window to the side.
The magnificent kitchen / family room is located to the rear and extends to almost the full width of the house with two roof lanterns giving ample natural light and sliding double glazed doors that lead to the garden.
The kitchen is fitted with a range of contemporary stylish units with Silestone work surfaces with a range of cupboards and drawers under, double sink, integrated dishwasher, coffee machine, double Siemens ovens, induction hob and wine fridge. There is a breakfast bar area making this a perfect room for entertaining.
From the kitchen the utility room has fitted units, microwave and door leading to the side.
A shower room comprises a double shower cubicle, wash hand basin, WC and a double glazed window to the front.
A further door from the family room leads to a lobby with a door to the one and a half garage which has a stair flight leading to an area which could be used as a gym / office.
On the first floor the galleried landing has an open balustrade with a double storage cupboard.
The principal bedroom is located to the rear with a range of fitted wardrobes. There is a contemporary en-suite shower room consisting of a large shower cubicle, wash hand basin and WC.
Bedroom two has a range of fitted wardrobes and drawers with a double glazed window to the front. This room also has an en-suite shower room comprising a shower cubicle, wash hand basin and WC.
Bedrooms three, four and five are all good size double rooms and all feature fitted bedroom furniture.
The family bathroom is also fitted with a stylish suite comprising panel bath with sensor taps, wash hand basin, WC, chrome heated towel rail and window to the side.
Outside
The property sits on a plot of approximately 0.21 of an acre with a driveway to the front providing off road parking for numerous vehicles, caravan or boat with twin doors leading to the garage which has space for one car and storage.
There is an attractive rear garden having a raised lawn, patio area with outdoor kitchen area, pizza oven and island feature for perfect entertaining space.
Location
This superb property is situated within a short distance to the islands seafront which is popular with watersports and boating enthusiasts. The centre of the island is a short distance away offering a range of shopping facilities and eateries including renowned fish restaurants.
Colchester city centre is approximately 8 miles distant offering a further range of shopping facilities, bars and restaurants.
The stations of the city offer mainline services to London Liverpool Street. The A12 can be accessed London bound towards the M25.
Directions
SatNav - CO5 8AN
Important Information
Council Tax Band F
Services - We understand that mains water, gas, drainage and electricity are connected to the property.
Tenure - Freehold
EPC rating TBC
Our ref - COL240527
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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