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£500,000
Bedrooms
Bathrooms
'Lapwing Cottage' is delightful extended period cottage in a village location a short distance from Frinton on Sea, offering gardens of approximately 0.33 of an acre with an attractive blend of living accommodation.
The entrance door in the extension leads to an entrance hall with wooden flooring and underfloor heating, a double cupboard houses the gas central heating boiler and hot water tank, and there is a double glazed window to the front.
The large lounge also has underfloor heating, a feature fireplace with tiled insets, bi-fold doors leading to the terraced garden and opens in turn to the dining room which has wooden flooring, double glazed window to the side, exposed beams, shelving and a built-in storage cupboard.
The kitchen/breakfast has a rooflight window, a further entrance door and window to the front.
The kitchen is a country cottage style with wooden work surfaces with cupboards and drawers under and double glazed windows to the rear and side.
A door from the kitchen leads to the bathroom with a freestanding bath, vanity wash hand basin and there is a separate cloakroom with WC and a utility area with a double glazed window to the front.
The sitting room has a fireplace and log burner, an understairs cupboard, door and stairs to the first floor and there is also a third entrance door to the original property with stained glass windows.
On the first floor of the original cottage there is a study area with a double glazed window to the front and a door which leads to a double bedroom with original floorboards and a double glazed window to the rear. The extension has underfloor heating throughout and a principal bedroom with a double glazed window to the rear overlooking the pond and garden and also features a dressing area/walk-in wardrobe and in turn an en-suite shower room comprising shower cubicle, wash hand basin, WC, underfloor heating and a double glazed window to the front.
Bedroom two also has a double glazed window to the rear overlooking the pond and rear garden. Also, in the extension there is a stylish bathroom with rolltop bath, WC and bespoke wash hand basin with a double glazed window to the rear and underfloor heating.
The original part of the cottage was once known as The Shack and we understand dates back to 1810 and is timber framed.
Outside
The property enjoys a delightful plot of approximately 0.33 of an acre with a shingle in/out driveway to the front leading to a detached garage/workshop with power and light connected.
To the rear of the property there is a paved patio terrace and pergola seating area with the remainder of the garden being laid to lawn with various shrubs and bushes. There are also two ornamental ponds and there is a further shed for storage. To the rear of the garden there is a vegetable plot with blackcurrant and raspberry shrubs and fruit trees including cherry, apple, plum, greengage and pears.
To the rear of the garden there is gated access to a lane which has a right of way which would be perfect for storing a boat, caravan or camper van.
Location
The property is situated in a pleasant village location to the east of Colchester a short distance from Frinton on Sea and its bustling Connaught Avenue, wonderful greensward and sandy beaches.
Within the village there are two public houses and the neighbouring village of Kirby Cross has rail links to Colchester city and Londons Liverpool Street Station.
There is a primary and secondary schooling nearby and shopping facilities for day to day needs. For boating enthusiasts Titchmarsh Marina is also a short distance away.
Directions
Please use postcode CO13 0EG for SatNav.
Important Information
Council Tax Band B EPC Rating - F
Services - We understand that mains water, gas, drainage and electricity are connected to the property. There is also full fibre broadband.
Tenure - Freehold
Our ref - COL250280
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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