4 bedroom bungalow for sale

£575,000 Offers over

4

Bedrooms

1

Bathrooms

Floorplan

This versatile four/five bedroom detached bungalow is set in a charming rural village location offering a perfect blend of countryside and family convenience. Boasting a spacious layout the property features a well maintained south facing garden backing onto open fields, plenty of gated driveway parking and featuring a modern and contemporary stylish finish throughout.

Magpies sits on a sizeable plot with gated entrance leading to generous size driveway and front lawn. The entrance hall has porcelain tiled flooring and access to the sitting room, kitchen/diner and inner hallway. The sitting room boasts a large red brick open fireplace with brick built hearth and wooden surround. The room benefits from front aspect windows and is spacious in size. The kitchen/diner features sliding doors to patio garden and a rear aspect window. The room has been fitted with a range of contemporary units and features corian worksurfaces with inset sink, Rangemaster cooker with extractor hood over along with a breakfast bar. The floor has large porcelain tiles along with LED spotlighting.

Moving into the inner hallway you will find the snug/study which has front aspect windows, radiator and hard standing flooring and sits next to bedroom two and bedroom four which all benefit from front aspect windows and carpet flooring. Across the inner hall you will find the shower room which benefits from a spacious walk in shower with overhead shower and hand held attachment, wash hand basin with vanity units, W.C, frosted rear aspect windows and LED spotlighting. An additional W.C can be found in the next room across. Bedroom three has rear aspect windows, carpet flooring and LED spotlighting. Bedroom one features double doors opening to the driveway and an additional rear door directly into the garden. There is potential for an en-suite within bedroom one, with plumbing having already been installed.

This property has been thoughtfully modernised with LED spotlighting throughout, electrically operated black out blinds in the majority of the rooms. This property has the potential for extension both outwards and upwards subject to planning. There are wired smoke alarms installed throughout the property with two lofts, one of which is fully boarded.

Outside
The rear garden backs onto open fields with views stretching to a distance, this garden has a southerly aspect and features a large terrace accessible from the kitchen/diner and a path running the entire width of the property to the rear door from bedroom one. The rear of the house has LED lighting. The garden benefits from a garden building with tiled roof and boarded elevations making for a studio/office. This garden building has uPVC doors which have been insulated. This garden building also has carpet flooring and electricity connected. The expansive garden features lawn and a variety of shrubs surround. Also installed is an electric car charger.

The front garden has parking for multiple vehicles and features an electric car charging point. The front garden is enclosed with a mixture of hedges to the front and side which provides privacy. A shed is located to the side of the paved drive which can be used for tools or storage.


Location

Stambourne is an idyllic rural village offering country walks and easy access to local villages and towns such as Great Yeldham & Halstead where you will find pubs and amenities. There is access to the main centres of Cambridge, Colchester and Braintree as well as the city of London, making this a great location for driving commuters. There is easy access along the A120 to the M11 and Stansted Airport.

Directions

Please use the postcode CO9 4NX for SatNav.

Important Information

Council Tax Band - E
Services - We understand that mains water, drainage, oil and electricity are connected to the property.
Tenure - Freehold
EPC rating - E
Ref - SUD250158/MR

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 477075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 14375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 45825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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