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£600,000
Bedrooms
Bathrooms
A spacious detached bungalow in a popular village location set in grounds of approximately fifth of an acre with planning permission granted for a further extension.
A double-glazed entrance door leads to an L shaped entrance hall, the lounge is located to the left with a feature fireplace, a double-glazed window to the front and sliding double glazed doors leading to the conservatory to the side which is brick based, double-glazed with doors to the rear garden.
The lounge opens to a dining area which has double glazed windows to the side and rear, a further door leads to the kitchen which can also be accessed from the hallway.
The kitchen has a range of stylish modern units and work surfaces, an eye level oven and grill, ceramic hob, sink with mixer taps, plumbing for a washing machine, space for a tumble dryer, a double-glazed window to the rear, freestanding oil fired central heating boiler and space for a fridge/freezer.
A door from the kitchen leads to a further sitting room which could be used as a bedroom if required, this room has windows to the rear and side and a door leading to the rear garden.
All three bedrooms are of a good size with built-in wardrobes. The bathroom has a modern four piece suite comprising panel bath, shower cubicle, wash hand basin, WC and a further cloakroom which comprises a WC and wash hand basin.
Outside
The property sits on a good size plot of approximately a fifth of an acre with a generous amount of parking available on a shingle driveway which also gives access to detached twin garages both with up and over doors and a personnel door leading to the rear garden.
A gate to the side leads to the rear garden which is mainly lawned with a shingle area and covered seating area. There is also an oil storage tank and garden shed.
Location
The property is situated in the popular village of Great Horkesley to the north of Colchester city centre and is set back from the road along a private driveway.
There is a public house and post office stores nearby and Colchester city centre is a short drive away as is Colchester North Station offering rail services to Londons Liverpool Street.
The A12 can be accessed London bound for the M25 and there is also good primary schooling within the village.
Directions
Please use postcode CO6 4AX for SatNav.
Important Information
Council Tax Band E EPC Rating -
Services - We understand that mains water, drainage and electricity are connected to the property. Heating is via an oil fired boiler.
Tenure - Freehold
Our ref - COL250601
Agents note
The property has planning permission for a further extension and details can be obtained from Colchester Borough Council Planning Department under Application No: 22592.
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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