5 bedroom detached for sale

£800,000 Offers in excess of

5

Bedrooms

4

Bathrooms

Floorplan

As part of our Signature collection we offer for sale this outstanding detached family home offering versatile and spacious accommodation with two reception rooms, five bedrooms, three en-suites, fabulous landscaped gardens in a desirable residential location.

The propertys extensive living accommodation is accessed via a double glazed entrance door which leads to an L shaped entrance hall with built-in cloaks cupboard and understairs storage cupboard.

The lounge is located to the left of the hall and is of an impressive size being 35 in length with double glazed window to the front and double glazed French doors to the rear overlooking the patio terrace and gardens. The lounge also features a multi fuel cast-iron burner.

The kitchen/breakfast room has a range of stylish modern units and Quartz work surfaces with cupboards and drawers under, two inset sinks, an induction hob with pan drawers under, eye level oven and grill, space for a fridge/freezer, a good range of wall mounted cabinets, double glazed window to the rear and double glazed door to the side. Double doors lead through to the sitting room which has double glazed French doors to the rear overlooking the landscaped gardens.

To the front of the property is a further reception room which is currently used as a bedroom and in turn leads to a further reception room currently used as a dressing room which also has a door from the hallway. There is a wet room on the ground floor which comprises a shower, wash hand basin, WC and two double glazed windows to the side.

On the first floor the spacious landing has an open glass balustrade and double airing cupboard. The principal bedroom is located to the rear with double glazed windows and a large walk-in dressing room with shelving and an en-suite comprising twin pedestal wash hand basins, WC, panel bath, shower cubicle, fully tiled walls and a double glazed window to the rear.

Bedroom two is located to the front and also features a walk-in dressing room and an en-suite with shower cubicle, wash hand basin and WC. Bedroom three is located to the rear and again features an en-suite shower room. Bedroom four is located to the front and is a good double size room with two Velux windows and a window to the side with an eaves storage cupboard.

Outside
The property offers wonderful landscaped gardens which commence with a sandstone paved patio area with shingled flowerbeds and pathways with shaped lawns being well manicured and enclosed by fencing.

To the rear there are two timber summerhouses both measuring approximately 12 x 8.

There is a personnel door leading to the garage to the side which measures 29 x 8 with an electric roller door and gated side access leads to the front where there is off-road parking for several vehicles.


Location

The property is situated in this highly desirable residential location of Prettygate being set amongst sought-after schools in Colchester city including the Royal Grammer and Girls High School along with Philip Morant and Stanway secondary schools.

The city centre is a short distance away and offers a varied range of shopping facilities, bars and restaurants there are also shopping facilities for day to day needs nearby. The Stanway shopping district and retail park are also a short distance away.

The A12 can be accessed London bound and the railway stations of the city offer services to Londons Liverpool Street.

Directions

Please use postcode CO3 4NE for SatNav.

Important Information

Council Tax Band F EPC Rating - C
Services - We understand that mains water, gas, drainage and electricity are connected to the property.
Tenure - Freehold
Our ref - TOL240248



Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 662700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 20000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 62700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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