Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£995,000
Bedrooms
Bathrooms
The Swallows at The Nest development in Abberton is an exemplary family home boasting in excess of 2800 sqft / 264 sqm of living accommodation, built to the highest specification by renowned Seven Developments.
The Swallows is a beautifully crafted and well-proportioned family home built to the highest specification, just one of five exclusive homes on the thoughtfully planned Nest development in Abberton. Built with sustainability in mind by Seven Developments, who pride themselves on creating high quality well-designed village homes.
Location
Abberton is a quiet village to the South of Colchester with good local amenities. Surrounded by other attractive villages and close to Abberton Reservoir and Mersea Island, it offers a perfect balance of everyday practicality and a calmer pace of life with countryside and coast, walks and wildlife nearby.
Directions
Use SatNav postcode CO5 7NR
Important Information
Council Tax Band - TBC
Services - TBC
Tenure - Freehold
EPC rating - TBC
Estate Charge - TBC
Agents note - The CGIs provided are indicative of the finished product.
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
