Mill Lane, Virley, Maldon, Essex, CM9

1 /13
Available / For Sale

4 bedroom detached for sale

£1,100,000

4

Bedrooms

3

Bathrooms

Floorplan

A unique opportunity to own this breath-taking modern barn conversion, surrounded by stunning open countryside in the village of Salcott-cum-Virley. The village is close to other nearby villages including Tolleshunt DArcy and Tiptree and is only a short drive to Kelvedon and Colchester.
This detached family home sits on a plot of around two acres with internal accommodation amounting to 3,300sqft. The gorgeous vaulted reception hall welcomes you into the property, featuring open plan living including a bespoke kitchen/breakfast room, dining area and sitting room. The reception hall also boasts bi-fold doors stretching the entire back wall with far reaching views over open countryside.
The ground floor also benefits from a utility room, cloakroom, bedroom four and en-suite. Rising to the first floor, to the beautiful gallery landing with a walkway over the reception hall with access to the remaining three double bedrooms, eaves storage and family bathroom. The master bedroom suite with views over the gardens and countryside features a dressing room and en-suite.
Externally, the propertys large rear garden benefits from a raised decking area leading from the house, perfect for summer entertaining, this leads to a large lawned area. To the front of the property, there is a double garage designed to accommodate large vehicles, and a separate gym/workshop area. Generously proportioned throughout and immaculately kept, this property must be viewed to be appreciated.
Entrance Hallway 31 5' x 11 9' (9.58m x 3.58m) Stunning vaulted reception hall with open plan living space with access to the dining area and kitchen/breakfast room, oak and glass stairs to the first floor gallery landing, bi-fold doors across the entire back wall opening to the rear garden, doors leading off
Dining Area 17 10' x 11 10' (5.44m x 3.61m)Open plan to reception hall, double glazed windows to side and rear, open plan to
Sitting Room 17 3' x 14 3' (5.26m x 4.34m)Double glazed window to front
Kitchen/Breakfast Room 18 2' x 15 6' (5.54m x 4.72m)Open plan to reception hall, fully fitted bespoke kitchen fitted in August 2017, with a range of fitted base and eye level units with solid wood door fronts and soft closing hinges on doors and drawers, with quartz work surfaces, central breakfast island, integrated dishwasher, free-standing Leisure range style oven and space for 900 wide fridge/freezer, door to:
Utility Room 9 8' x 9 4' (2.95m x 2.84m)Double glazed window and door to side, range of fitted units with quartz work surfaces, space for washing machine and tumble dryer
Cloakroom 7 8' x 5 3' (2.34m x 1.60m)Low level WC, hand wash basin, radiator
Bedroom Four 10 11' x 10 6' (3.33m x 3.20m)Double glazed window to front, built-in wardrobe, door to:
En Suite to Bedroom Four 6 6' x 5 7' (1.98m x 1.70m)Low-level WC, wash hand basin, shower cubicle, chrome heated towel rail, fully tiled walls and tiled flooring, double glazed window to front
Gallery Landing Oak balustrades providing a walkway over the reception hall with doors to:
Master Bedroom 15 2' x 11 7' (4.62m x 3.53m)Double glazed with tri-fold doors with Juliette balcony with views over the beautiful open countryside, double glazed window to side and skylight windows to side, radiator, door to:
Dressing Room 11 8' x 9 8' (3.56m x 2.95m)Radiator, doors to:
En Suite To Master 10 10' x 8 10' (3.30m x 2.69m)Low-level WC, wash hand basin, tiled bath, shower cubicle, heated towel rail, part-tiled walls and tiled flooring, double glazed skylight
Bedroom Two 14 0' x 12 7' (4.27m x 3.84m)Double glazed window to rear overlooking open countryside and gardens, walk-in wardrobe measuring 8 6' x 3 2', radiator
Bedroom Three 13 6' x 11 7' (4.11m x 3.53m)Double glazed window to front, radiator
Bathroom 10 1' x 5 2' (3.07m x 1.57m)Low-level WC, wash hand basin, tiled bath, shower cubicle, fully tiled walls and tiled flooring, heated towel rail, double glazed window to side
Eaves Storage Boarded loft space
Rear Garden Commencing with a raised decking area, leading to an extensively lawned rear garden with a fenced perimeter, small natural pond, the garden benefits from being bordered on two sides by open farmland
Front of Property Shingle driveway with five bar gate, providing ample off road parking, vehicular side access to the rear garden, driveway leads to:
Double Garage 20 9' x 16 4' (6.32m x 4.98m)Two up and over doors, power and lighting connected, two skylight windows to side, access to:
Gym/ Workshop 16 2' x 10 9' (4.93m x 3.28m)Double glazed windows to side and rear, door to rear garden

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

£ 906450

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 27500
  • 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

£ 81450
  • 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

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This is the assumed rate of house price inflation.

Final Property Value

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

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