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£350,000
Bedrooms
Bathrooms
Situated to the west of Colchester in the popular residential district of Prettygate is this newly renovated two bedroom semi-detached bungalow. The property boasts two generous bedrooms, a stylish shower room and kitchen, lounge, off road parking, and a large rear garden.
The accommodation of this immaculately presented bungalow begins with an entrance hall with two cupboards, loft hatch and doors leading to both bedrooms, shower room, kitchen and lounge.
The lounge is situated at the rear of the property and benefits from having double glazed patio doors looking out to the rear garden.
The newly fitted kitchen has been fitted with a range of matching matt grey base and eye level units with stylish work tops and tiled splashbacks, an inset one and a half bowl stainless steel sink and drainer, space and plumbing for a washing machine, oven with a four ring gas hob and extractor fan over, integrated fridge/freezer and a double glazed window looking out to the rear garden.
Both bedrooms are of a generous size with double glazed windows looking out to the front of the property. The principal bedroom also benefits from two large built in double wardrobes.
The shower room has been tastefully fitted with a double walk-in shower, partly tiled walls, hand wash basin and low level w/c into a vanity unit, and an obscured double glazed window.
Outside
The property benefits from a generous south-west facing rear garden which is mainly laid to lawn with established trees and shrubs, all enclosed by wooden panel fencing. To the front of the property is a block paved driveway providing off road parking.
Location
Prettygate is a desirable location within the Colchester district and has great access to the A12 London bound and the mainline stations of Marks Tey and Colchester North which provide journeys to London Liverpool Street. The nearby secondary schools of Philip Morant, St Benedicts and Stanway are all within easy reach and there is also good primary schooling nearby with Prettygate Junior and Home Farm. There are shopping facilities close by for day to day needs.
Directions
Proceed from our Tollgate office along London Road. At the traffic light junction with Straight Road turn right into Straight Road and at the mini roundabout junction with Ambrose Avenue turn left into Ambrose Avenue. Take the first right into Worthington Way, and carry on to the end where the property is set back on the right hand side.
Important Information
Council Tax band C
Services main electricity, gas, water and drainage are connected to the property.
Tenure Freehold
EPC rating D
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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