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£425,000
Bedrooms
Bathrooms
A delightful extended period cottage situated in this pleasant village location on a no through road, offering a plot approx. 0.27 of an acre with period features and good size living space.
Entrance door leads to a spacious entrance hall with tiled flooring, window to the side and giving access to the ground floor bathroom with walk in shower, panel bath, hand basin, W.C, window to the rear and tiled flooring. Also from the hallway the sitting room can be found which has cast iron Victorian style fireplace with tiled insets, exposed floorboard, French doors to the rear garden and patio terrace. An inner lobby has tiled flooring and door to the rear garden, exposed beams and brickwork, further door leading to the lounge with attractive bay window feature to the rear, cast iron fireplace, exposed floorboards, stairs rising to the first floor and one of the bedrooms. The kitchen is located to the front of the property and has a range of wooden worksurfaces, butler sink with mixer taps, cast iron log burner, exposed brickwork, two windows to the front, further stair flight to the first floor. A door from the kitchen leads to an inner lobby with window to the front and sink unit and in turn the cloakroom/utility with low level W.C, plumbing for washing machine and under stairs recess.
A staircase from the lounge leads to a good size bedroom with vaulted ceiling, cast iron fireplace, window to the front and rear, built in storage cupboard and door leading to a further bedroom again with vaulted ceiling, exposed beams, two windows to the rear.
A stair flight from the kitchen leads to a landing area with door to the middle bedroom and further door to the master bedroom again with vaulted ceiling, window to the front and featuring an en-suite shower room comprising hand basin, W.C, shower cubicle, vaulted ceiling and window to the rear
Outside
The property sits on a plot of approximately 0.27 of an acre with a front garden being retained by hedging with provision for off road parking. There is a large garden to the rear which is mainly lawned with flower and shrub borders with patio area adjacent to the property. There is a wooden summerhouse and an area of the garden has been fenced to create paddock area with further stable style building.
Location
The property is situated in this no through road in the popular village of Fordham Heath near to the popular Cricketers public house. Stanway Stane Park and Tollgate retail park are nearby offering a varied range of shopping facilities via national outlet stores. The A12 can be accessed London bound for the M25, A120 for London Stansted Airport. The nearby station at Marks Tey offers services to London Liverpool Street. Stanway secondary school is also within reach as is local primary schooling.
Directions
Please use the postcode CO3 9TJ for SatNav.
Important Information
Council Tax Band - C
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
EPC rating - E
Ref - TOL250065/PRC
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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