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£390,000
Bedrooms
Bathrooms
Offered with no onward chain is this detached family home close to Marks Tey railway station, the A12 and A120 with good living space throughout.
A double-glazed entrance door leads to an entrance porch with a further door leading to the entrance hall with stairs to the first floor, a built-in cupboard, understairs storage cupboard and cloakroom which comprises a wash hand basin, WC and a double-glazed window to the side.
The lounge is to the right of the property has a double-glazed window to the front, feature fireplace and double doors leading to the dining room to the rear which has double glazed window to the rear and double-glazed doors to the side.
The kitchen can be accessed from the hallway and the dining room and has a range of units and work surfaces with a double-glazed door to the side and a double-glazed window to the rear.
On the first floor the landing gives access to the loft space and airing cupboard and leads to all four good size bedrooms all with built-in wardrobes.
The bathroom comprises a wash hand basin, WC, panel bath with electric shower over and double-glazed window to the rear.
Outside
To the front of the property there is off-road parking available for two to three cars leading to the garage with up and over door which also houses the gas central heating boiler with a door to the side.
There is a patio area to the rear and the remainder of the garden is laid to lawn and enclosed by fencing and there is gated side access.
Location
The property is situated on this modern development to the west of Colchester with good primary schooling nearby.
Marks Tey railway station is within reach which offers service to Londons Liverpool Street, the A120 for London Stansted Airport and A12 for the M25 and beyond.
Tollgate shopping district is a short drive away providing a varied range of shopping facilities via national outlet stores.
Directions
Please use postcode CO6 1NE for SatNav.
Important Information
Council Tax Band D EPC Rating - TBC
Services - We understand that mains water, gas, drainage and electricity are connected to the property.
Tenure - Freehold
Our ref - COL250063
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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