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£775,000
Bedrooms
Bathrooms
As part of our Signature collection, delightfully located at the end of a single track road in the countryside of the Colne Valley is this flexible four bedroom detached house with commanding views to the front towards the Viaduct and Millenium Green with double garaging and potential annexe.
Holly Cottage has a large private garden with log cabin and additional parking space. The house benefits from oil central heating and uPVC double glazed windows.
At the front of the property is an entrance door to lobby with further door to the hall where the stairs lead to the first floor with useful storage beneath.
A cloakroom comprises WC and wash hand basin.
The large sitting room has dual aspects including views to the front over countryside and French doors out to a large patio.
There is a separate multi-purpose family room with dual aspect that is currently used as a fourth bedroom.
The final room on the ground floor is the kitchen/dining room fitted with work surfaces with ample storage cupboards with four ring electric hob with light and extractor above, two ovens, stove and space and plumbing for a dishwasher. The room has a triple aspect including French doors out to the patio.
The first floor landing gives access into the roof space. The principal bedroom has a range of fitted bedroom furniture with ample wardrobes and has a dual aspect with commanding views to the front over countryside. The room houses the airing cupboard with a further door leading to the en suite facilities comprising a shower, wash hand basin, WC and bidet.
The second bedroom is a good size double whilst the third is an L shape double with dual aspect with commanding views to the front. The room also has a wash basin.
Finally on the first floor is the bathroom with bath, wash hand basin and WC.
Outside
At the side of the cottage is a driveway leading to the garaging and providing parking. Currently the building has a double garage with two sets of opening doors and power and lighting. The garage has two uPVC double glazed windows to side and is suitable for complete conversion to a sitting room, subject to any necessary consents. There is a cupboard under the stairs and a further kitchenette with work surfaces with storage cupboards and a stainless steel sink and drainer. There is plumbing for a washing machine and space for a tumble dryer. At the side is an entrance lobby with stairs to the first floor home office or bedroom. Also off the lobby is a shower room with shower area requiring finishing, WC and wash hand basin. Behind the garaging is a storage area and timber shed.
The rear garden has an extensive paved patio area which can be accessed from the kitchen and sitting room. This leads out to large lawns with stocked flower and shrub borders. There is a large log cabin with power and light connected with separate gated entrance in the far corner of the garden.
Location
The village of Chappel with Wakes Colne offers excellent local facilities. Whilst the cottage is found in a rural position at the end of a country lane there are footpaths across fields over the Millenium Green down into the village where there is a primary school, village shop and post office, public house and restaurant and also a station serving the Sudbury to Marks Tey line which runs across the impressive Victorian Viaduct that spans over the Colne Valley.
At Marks Tey, the main line can be picked up for services to London Liverpool Street.
Within 3 miles is the outskirts of Colchester where there are retail parks with many national retailers including a Sainsburys, M&S and Aldi. There is also access to the A12 at this point linking the M25 to the A14 with connections to the coast.
Directions
SatNav - postcode CO6 2DZ. The cottage is found at the end of Popes Lane on the right hand side, one of just three properties in the lane.
Important Information
Important Information
Services Mains water, electricity are connected to the property. Private drainage discharges to the land opposite and there is oil fired central heating.
Council Tax band E
EPC rating To be confirmed
Tenure Freehold
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £3,351.62
Total Interest: £431,582.55
Overall Total: £1,206,582.55
Amortization For Monthly Payment: £3,351.62 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £24,571.83 | £15,647.59 | £759,352.41 |
| 2026 | £24,063.69 | £16,155.72 | £743,196.68 |
| 2027 | £23,539.06 | £16,680.36 | £726,516.32 |
| 2028 | £22,997.39 | £17,222.03 | £709,294.30 |
| 2029 | £22,438.13 | £17,781.29 | £691,513.01 |
| 2030 | £21,860.71 | £18,358.71 | £673,154.30 |
| 2031 | £21,264.54 | £18,954.88 | £654,199.42 |
| 2032 | £20,649.00 | £19,570.41 | £634,629.00 |
| 2033 | £20,013.48 | £20,205.93 | £614,423.07 |
| 2034 | £19,357.33 | £20,862.09 | £593,560.98 |
| 2035 | £18,679.86 | £21,539.56 | £572,021.42 |
| 2036 | £17,980.40 | £22,239.02 | £549,782.40 |
| 2037 | £17,258.22 | £22,961.20 | £526,821.19 |
| 2038 | £16,512.58 | £23,706.83 | £503,114.36 |
| 2039 | £15,742.74 | £24,476.68 | £478,637.68 |
| 2040 | £14,947.90 | £25,271.52 | £453,366.16 |
| 2041 | £14,127.24 | £26,092.18 | £427,273.98 |
| 2042 | £13,279.93 | £26,939.48 | £400,334.49 |
| 2043 | £12,405.11 | £27,814.30 | £372,520.19 |
| 2044 | £11,501.89 | £28,717.53 | £343,802.66 |
| 2045 | £10,569.33 | £29,650.09 | £314,152.56 |
| 2046 | £9,606.48 | £30,612.94 | £283,539.63 |
| 2047 | £8,612.37 | £31,607.05 | £251,932.58 |
| 2048 | £7,585.98 | £32,633.44 | £219,299.15 |
| 2049 | £6,526.26 | £33,693.16 | £185,605.98 |
| 2050 | £5,432.12 | £34,787.30 | £150,818.69 |
| 2051 | £4,302.46 | £35,916.96 | £114,901.72 |
| 2052 | £3,136.10 | £37,083.31 | £77,818.41 |
| 2053 | £1,931.88 | £38,287.54 | £39,530.87 |
| 2054 | £688.55 | £39,530.87 | £0.00 |
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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Fri May 16 2025
All confirmed! We look forward to speaking with you.
Fri May 16 2025
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