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£500,000
Bedrooms
Bathrooms
A five bedroom detached bungalow is located in a rural location in the popular village of East Bergholt and benefits from lounge, conservatory, kitchen/dining room, two bathrooms, off road parking, garage and a private rear garden.
The property welcomes you into a porch with a door leading into the main hallway which has doors leading off.
The lounge comprises of a double glazed window to the front and side, wood burner and a radiator. A door leads through to the kitchen/diner which is fitted with tiled flooring, washing machine space, oven, stove with extractor fan over, double glazed window to the side and rear, partly tiled walls and space for a tumble dryer. The dining room is fitted with double window to the side and newly fitted carpets.
The master bedroom is fitted wood effect flooring, radiator and double glazed window to the side. Bedroom two has a radiator and window to the front. Bedroom three has a window to the side and a radiator. Bedroom four has laminate flooring and a radiator with French doors leading to the rear whilst bedroom five has laminate flooring and a radiator. The family shower room has partly tiled walls, radiator, W.C, wash hand basin and a shower cubicle. The family bathroom has a W.C, wash hand basin, window to the side aspect, partly tiled walls, panel bath with shower overhead and a radiator.
The conservatory has French doors to the rear and double glazed windows all round with a radiator, wood burner and newly fitted carpets.
Outside
The rear garden commences with slabbed/stoned patio area with access to the garage, there is grass laid to lawn with enclosed wood panels all round. There is a shed and a greenhouse to remain.
The front driveway is a block paved drive and to the right of the property is a shared driveway with the neighbouring property with side access leading through to the garage.
This property is perfect for a family looking for their forever home!
Location
The property is set in a rural location a short distance to the local village shop and pub. East Bergholt is one of the largest villages in the Stour Valley region and is approximately 10 miles North of Colchester, 8 miles South of Ipswich and approximately 3 miles from Manningtree with its range of shopping facilities and mainline railway station to London Liverpool Street. The village also has a primary school and secondary school. East Bergholt is also famously known to be the birthplace of John Constable with Flatford Mill and Dedham both within a short drive.
Directions
Please use the postcode CO7 6SL for SatNav.
Important Information
Council Tax Band - D
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
EPC rating - D
Ref - MAN250040/BW
Map location is not available for this property.
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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