Are you an Estate Agent? Register here
£1,200,000
Bedrooms
Bathrooms
Built by Seven Developments to an exceptional standard with excellent attention to detail, Mill View forms part of our Signature collection. This bespoke gated development of just eight detached homes, is conveniently located on the outskirts of Colchester.
At Mill View each individual property benefits from an air source heat pump for central heating, solar panels and an electric car charging point. Designed to make the most of natural light and views, plot 6 has a stunning split-level ground floor comprising 4 bedrooms, 2 ensuites, separate bathroom and W.C. The upper split-level accommodation has vaulted ceilings in the sitting room and the open-plan kitchen/family room which sits below an elevated mezzanine area and has access to a balcony and a large terrace area, perfect for Summer entertaining. There is also a utility and shower room/W.C on this floor. An impressive additional basement level houses a 5th bedroom, a study and a shower room which completes the accommodation.
A fully glazed entrance door opens into the reception hall with cloaks cupboard and stair flight down to the basement level with a light study/sitting area, a bedroom and beautifully fitted shower room.
From the entrance hall, immediately to the right sits the principal bedroom, with built-in wardrobes, large picture window and door leading out to a small patio. This room has en-suite facilities with a freestanding bath, walk-in shower, vanity unit wash basin with mirror and light above and a built-in WC. There is a guest bedroom also on this level with built-in wardrobes and en-suite facilities.
Steps lead up from the hall to a split-level half landing where there are two symmetrical good size double bedrooms, a large bathroom with a freestanding bath, tiled shower cubicle, vanity unit wash basin, a wall mounted mirror with light above and a built-in WC.
The first floor main landing has a door leading out to an expansive sun terrace with tiled flooring, glass balustrading and steps down to the garden. There is also access to the utility room with LG ThinQ washing machine and tumble dryer plus a good size shower room. The open landing leads through to the impressive and beautifully appointed kitchen/living room with vaulted ceiling and mezzanine level above, which is accessed via a spiral staircase. A brick chimney breast houses a built-in log burner and the room enjoys triple aspect views and doors out to a Juliette balcony.
The kitchen, designed by Nicholas Anthony, features a Blanco sink, Quooker tap and ample cupboard space, whilst built-in appliances include two ovens, a Siemens larder fridge and freezer, and an integrated dishwasher. The large island unit has ample drawers beneath and a 4-ring induction hob with drawdown extractor.
The mezzanine floor that sits above the kitchen offers commanding views with a vaulted ceiling height of 12ft and glass balustrade.
To the rear of the property is the main sitting room with 16ft vaulted ceiling and a triple aspect, overlooking the garden.
Outside
Externally the gated development has a private drive serving the houses. Plot 6 has its own drive, a double carport with useful storage cupboards, EV charging point and sensor lighting. Steps lead up to the sun terrace / entertainment space above the car port whilst the wrap around garden is fully enclosed and overlooks established green surroundings.
Location
The development is found on the very edge of Colchester and adjoining countryside. Within about a mile are shops including Tesco, Lidl and Waitrose, primary and secondary schools, and the University of Essex. The nearest railway station is at the Hythe which has services to London Liverpool Street. The A133 provides road links to the coast, whilst central Colchester, Britains first Roman city, but also one of the newest, has a wealth of history, with open spaces, shopping, recreational and entertainment venues.
Directions
From Colchester, proceed along Cowdray Avenue into St Andrews Avenue, passing Waitrose. Turn left into Harwich Road and at the top mini roundabout take the second exit into Bromley Road. Proceed down the hill, passing The Beehive public house and up the other side where Mill View can be found on the left-hand side.
Important Information
Council tax - TBC
Services Mains water and electricity are connected. Heating is provided via air source heat pumps and there is a communal Klargester private drainage system on site that services all properties.
Tenure - Freehold
EPC rating - A
Management charge - There is a management charge payable by occupants of this development of approx. 400 pa for the upkeep of communal areas, security gates, private drainage etc..The maintenance remains the responsibility of the builders until the development is complete. At this time a management company will be appointed and residents will become 1/8th directors.
Agents note - Choices are subject to build stage and availability.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy