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£750,000
Bedrooms
Bathrooms
Part of our Signature collection, this well-proportioned three bedroom detached bungalow is beautifully situated in the charming Essex hamlet of Easthorpe. The property requires modernisation throughout and occupies a fantastic plot of 1.5 acres with picturesque countryside views.
The accommodation at 'The Firs' begins with a bright entrance hall with a large floor to ceiling double glazed window to the front aspect, a useful storage cupboard, and doors leading to all primary rooms.
At the front of the property is the generously sized lounge/dining room which benefits from two patio doors, an open fireplace with brick built surround, and doors leading to the third bedroom, kitchen, and back through to the entrance hall.
The kitchen has been fitted with matching base and eye level units with worktops over, an inset stainless steel sink with drainer, and space/plumbing for freestanding appliances. Off the kitchen is the utility room with a double glazed UPVC door leading out to the rear garden and additional space for appliances or storage.
The principal bedroom is of a very good size and has dual aspect windows to both the rear and front along with fitted wardrobes and a dressing table.
The second bedroom looks over the rear garden and also benefits from fitted wardrobes.
The bathroom comprises a paneled bath with a shower over, a hand wash basin, low level WC, part tiled walls, the loft hatch and a double glazed obscured window to the rear.
Outside
The property is set back from Easthorpe Road, with the 1.5 acres of gardens being accessed via electric remoted controlled gates. A large driveway at the front provides ample off road parking for numerous vehicles and leads to a single garage. The garage has been fitted with power, lighting, an electric up and over door at the front, and houses the oil fired boiler.
The garden is mainly laid to lawn with an array of mature and well established bushes, plants and trees. Most boundaries are clearly visible apart from the left hand side which is slightly overgrown at the moment. A viewing is highly recommended to truly appreciate the scope, potential, and position.
Location
Easthorpe is a hamlet found amongst the Essex countryside between the villages of Copford Green and Messing. Both neighbouring villages have amenities including pubs and primary schools yet Easthorpe is conveniently located with good access to the A12 and also the mainline stations at either Kelvedon or Marks Tey.
Colchester provides wider amenities and further educational facilities through to a Sixth Form College, private schools and the University of Essex. A wide range of shopping is found on the western outskirts of the city with the Tollgate Centre and Stane Park offering many national retailers including Sainsburys, Boots and Marks & Spencer.
Directions
From Colchester proceed west through Stanway and into Copford along London Road. Turn left into School Road and proceed to Copford Green, passing the primary school and Alma public house. Turn right at the crossroads and head to Easthorpe where the property will be located on the right hand side marked by a for sale board.
Important Information
Services Mains water, electricity, and drainage are connected to the property.
Council Tax band F
EPC rating G
Tenure Freehold
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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