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£995,000
Bedrooms
Bathrooms
As part of our Signature collection Magna Cottage is a stunning and bespoke three / four bedroom detached house constructed by Mersea Homes offering in excess of 2500 square feet of accommodation and is the last available plot in this exclusive Horkesley Hamlet development situated on the Essex/Suffolk border.
Constructed by renowned local developers Mersea Homes and offering over 2500 square feet of accommodation, Magna Cottage is a stunning, architecturally designed three / four bedroom detached house and is the last remaining plot at the prestigious Horkesley Hamlet development which occupies a stunning semi-rural position on the Essex / Suffolk border.
The front door leads to a grand and spacious entrance hall elegantly finished with herringbone flooring which continues through into the large kitchen / breakfast / family room.
The ground floor has generous reception areas including a spacious living room with an inset cast iron log burner and oak mantle together with a study which offers flexibility to be used as a fourth bedroom. There is also a ground floor cloakroom neatly tucked away, as well as understairs storage.
The centre piece of the ground floor is the breathtaking kitchen / breakfast / family room. Designed with vaulted ceilings, exposed timber trusses and rooflights. It features a large central island with wine fridge and the bespoke shaker-style kitchen is equipped with top-tier appliances, a ceramic double butler sink and integrated appliances including column fridge and freezer units, ovens, a plate warmer and a waste disposal unit. There is also a utility room which features an additional sink, further useful worktop space, Siemens washing machine and separate dryer and a further door which leads into the garden.
The first floor offers a beautifully designed galleried landing leading to three exceptionally spacious en-suite bedrooms, each with their own built-in storage. Each bathroom is finished to the highest standards with Porcelanosa ceramic tiling, Villeroy & Boch vanity units and sanitaryware and Vado brassware.
Outside, the property benefits from a private driveway with a buff rolled stone finish offering ample off-road parking for multiple vehicles. There is also an oversized garage and outdoor lighting which complete the exterior features.
The landscaped rear garden includes a large stone-paved patio and lawned area.
Location
Horkesley Hamlet is an exclusive and picturesque development nestled on the Essex/Suffolk border offering a perfect blend of rural charm and modern living. Situated near the stunning Dedham Vale, an Area of Outstanding Natural Beauty it provides residents with breathtaking countryside views and tranquil surroundings. Despite its peaceful setting, Horkesley Hamlet benefits from excellent connectivity to nearby towns including Colchester which offers a range of amenities, schools and transport links to London. The development features architecturally distinctive homes that complement the areas rich heritage. Ideal for families and professionals alike, Horkesley Hamlet presents a rare opportunity to enjoy luxury living in a highly sought-after location.
Directions
Please use postcode CO6 4BD for SatNav.
Important Information
Council Tax Band - TBC
Services - We understand that mains water, drainage and electricity are connected to the property.
Tenure - Freehold
EPC rating - TBC
Management charge - Details to be confirmed.
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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