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£650,000 Guide Price
Bedrooms
Bathrooms
' Guide Price 650,000 - 675,000 ' A stylish and well-presented detached family home in the desirable Poets Corner district of Colchester offering good size gardens, double garage, four double bedrooms and a short distance from popular schools.
Double composite doors lead to the entrance porch with a door leading to the garage and further French doors leading to the reception hall which has stairs to the first floor and gives access to all ground floor rooms including the cloakroom which comprises a wash hand basin, WC and a double glazed window to the side.
The lounge is located to the left of the property and has a double glazed window to the front, two picture windows overlooking the rear garden, a feature fireplace and opens to the dining area which has bi-fold doors leading onto the rear garden.
The kitchen is fitted with a range of modern units, Karonia work surfaces with cupboards and drawers under, inset one and a half bowl sink, space for a range cooker, extractor fan over, breakfast bar area, integrated dishwasher, washing machine and fridge/freezer. There is a cupboard housing the wall mounted gas boiler, double glazed window to the rear and door to the side.
On the first floor is a galleried landing with a picture window to the front, storage cupboard, airing cupboard and access to the loft space which is partially boarded.
The principal bedroom is located to the rear has two built-in wardrobes, two double glazed windows overlooking the rear garden and an en-suite with walk-in shower, vanity wash hand basin, and a double glazed window to the rear.
Bedrooms two, three and four are all a double size, bedroom four has a range of built-in Sharps wardrobes and a dormer window to the front.
The family bathroom comprises a heritage suite with panel bath and centre taps, WC, wash hand basin and two double glazed windows to the side.
Outside
To the rear of the property there is a paved patio area adjacent the rear of the house, the majority of the garden is laid to lawn with a covered timber gazebo seating area and a further patio seating area to the rear.
The property is enclosed by fencing, there is storage to the side with wooden garden shed for extra storage and gated side access to the front where there is off-road parking for three cars which leads to the attached double garage measuring 17 5' x 15 6' with electric roller door and power and light connected.
Location
The property situated in the desirable Poets Corner district of Colchester being close to highly regarded schooling including the Girls High School, Royal Grammer, Stanway Secondary School and Philip Morant Secondary School. The sought-after Home Farm Primary School is also close by.
There are shopping facilities nearby at Tollgate and Stane Park in Stanway. The A12 can be accessed London bound for the M25 and the railway stations of the city offer services to Londons Liverpool Street.
Directions
Please use postcode CO3 4JP for SatNav.
Important Information
Council Tax Band F EPC Rating - D
Services - We understand that mains water, gas, drainage and electricity are connected to the property.
Tenure - Freehold
Our ref - TOL230317
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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