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£375,000 Guide Price
Bedrooms
Bathrooms
'' Guide Price 375,000 - 400,000 '' Situated on a popular modern development to the West of Colchester is this modern four bedroom semi-detached family home offering spacious and flexible family accommodation throughout.
The accommodation begins with a large entrance hall with doors leading to the living/kitchen/dining room, the ground floor cloakroom, a large understairs cupboard, and the stairs which lead to the first floor.
The open plan living space on the ground floor consists of a snug lounge area with a double glazed window to the front aspect, a dining area with ample space for a generous size table and chairs, and the kitchen comprises of matching base and eye level units with worktops over and tiled splashbacks, an inset black resin sink with drainer and mixer tap, undercounter space and plumbing for appliances, an electric oven with induction hob and extractor over, and double glazed French doors and window looking out to the rear garden.
On the first floor, the landing gives access to the lounge, master bedroom, jack and jill ensuite shower room, stairs leading to the second floor, and a storage cupboard.
The lounge has a window and double glazed juliet doors looking out to the rear aspect, remote controlled lighting changing from warm white to cool white, and has the flexibility to be used as a generously sized fifth bedroom if needed.
The master bedroom has a box bay style double glazed window to the front aspect and a door which leads to the ensuite shower room comprising a tiled shower cubicle, low level w/c, hand wash basin, radiator, doors to both the hallway and bedroom, and a double glazed obscured window.
On the second floor, the landing gives access to three bedrooms and the family bathroom which has been fitted with a panelled bath, low level w/c, hand wash basin, partly tiled walls, radiator, and a double glazed obscured window.
Bedroom two has a double glazed window to the rear aspect and door to ensuite with a shower cubicle, low level w/c, hand wash basin, and obscured window. Bedrooms three and four are also of a generous size.
Outside
The split level rear garden boasts a patio area, astro turf, raised sleeper flowering beds with established plants, a decorative stone area, covered storage space which runs alongside the property, and steps which lead down to the garden gate where the two allocated parking spaces are. Visitor parking spaces are also available.
Location
The property is situated on the popular West side of Colchester on a modern development and is superbly located for Tollgate Retail Park with its varied range of outlets and eateries. The A12 is accessible London bound towards the M25 and East towards to the A14 and beyond. Colchester North Station and Marks Tey station are both easily accessible providing rail services to London Liverpool Street and Stanway Secondary School is also within reach.
Directions
SatNav - CO3 8LP
Important Information
Council Tax Band - E
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
EPC rating - B
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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