10 bedroom detached for sale

£6,000,000 Offers in excess of

10

Bedrooms

9

Bathrooms

Floorplan

A SPACIOUS CHAIN FREE LUXURIOUS AND BEAUTIFULLY PRESENTED TEN DOUBLE BEDROOM GATED DETACHED FAMILY RESIDENCE ON THE VERY SOUGHT AFTER MANOR ROAD IN CHIGWELL. THIS NEWLY BUILT AMAZING HOME IS OVER 19,000 SQUARE FEET IN SIZE ARRANGED OVER FIVE LEVELS WITH A LIFT AND STAIRCASE TO ALL FLOORS. THE PROPERTY IS FINISHED TO A VERY HIGH STANDARD AND INCLUDES A CAR LIFT WITH LOWER LEVEL PARKING FOR NUMEROUS CARS.

ON ENTERING THIS AMAZING HOME INTO AN ENORMOUS AND SPECTACULAR HALLWAY MEASURING 45 10' x 21 1' FINISHED WITH 1.5m FLOOR TILES AND A BESPOKE SWEEPING STAIRCASE IN SANDBLASTED IRON BALUSTER FINISHED WITH A BRASS HANDRAIL.

ON THE GROUND FLOOR THERE ARE FOUR STUNNING RECEPTION ROOMS, A BESPOKE FITTED KITCHEN, A SECOND AROMATIC FITTED KITCHEN, A BOOT-COAT ROOM AND TWO GUEST CLOAKROOMS.

THE DINING-ENTERTAINING ROOM IS OF AN EXCELLENT SIZE MEASURING 26 1' x 21 1' WITH DOORS TO THE KITCHEN, FAMILY ROOM AND REAR GARDEN.

THE STUNNING BESPOKE FITTED KITCHEN-BREAKFAST ROOM IS OF AN EXCELLENT SIZE MEASURING 19 11' x 18 3' ERGONOMICALLY DESIGNED AND FINISHED TO A HIGH SPECIFICATION. THE GERMAN IMPORTED KITCHEN INCLUDES A LARGE ISLAND WITH A BREAKFAST BAR FINISHED WITH GRANITE WORK SURFACES WITH INTEGRATED APPLIANCES INCLUDING GAGGENAU HOB WITH EXTRACTOR, A HIDDEN PANTRY, MIELE WINE COOLER, QUOOKER TAP AND A FRIDGE-FREEZER. THE SECOND AROMATIC FITTED KITCHEN HAS A WOLF OVEN AND GAS HOB, SUB-ZERO FRIDGE-FREEZER, THE KITCHEN IS FINISHED WITH GRANITE WORK SURFACES.

THE FAMILY ROOM IS WELL PROPORTIONED MEASURING 19 9' x 18 3' WITH DOORS TO THE REAR GARDEN.

THE FORMAL RECEPTION ROOM IS OF A GOOD SIZE AND MEASURES 21 8' x 19 9' WITH WINDOWS TO THE FRONT ASPECT OF THE PROPERTY.

THE STUDY MEASURES 19 11' x 14 9' WITH WINDOWS TO THE FRONT ASPECT OF THE PROPERTY.

ON THE FIRST FLOOR THE GALLERIED LANDING IS STUNNING, THE MASTER BEDROOM AND THREE FURTHER BEDROOMS ARE LOCATED ON THIS FLOOR.

THE MASTER BEDROOM IS BEAUTIFULLY DESIGNED WITH AN OAK PARQUET FLOORING INCORPORATING A GOLD TRIM THROUGHOUT. THIS LEADS INTO A SPACIOUS SUITE WITH ITS OWN PRIVATE BALCONY LOOKING ONTO THE LANDSCAPED REAR GARDEN, A BESPOKE FITTED DRESSING ROOM AND A STUNNING FOUR PIECE EN-SUITE BATHROOM.

THERE ARE THREE FURTHER DOUBLE BEDROOMS WHICH ARE TO THE FRONT ASPECT OF THE PROPERTY AND EACH HAVE BEAUTIFULLY DESIGNED AND FINISHED FOUR PIECE EN-SUITE BATHROOMS.

ON THE SECOND FLOOR THERE IS ONCE MORE A STUNNING GALLERIED LANDING AND FOUR BEDROOMS, ONE WITH AN EN-SUITE SHOWER AND THERE IS ALSO A FOUR PIECE FAMILY BATHROOM.

THE LOWER GROUND FLOOR IS ONE HUGE LEISURE AND ENTERTAINMENT AREA WITH A BAR, IT INCLUDES AN INDOOR HEATED SWIMMING POOL MEASURING 12.4m WITH A HIDDEN AUTOMATED COVER, A JACUZZI, GYMNASIUM, CINEMA ROOM WITH MULTI-FUNCTIONING GERMAN LEATHER SEATS, RELAXATION ROOM, SAUNA AND STEAM ROOM. THERE IS ALSO A POOL CHANGING AREA WITH A SHOWER, TOILETS AND A LIFT TO ALL FLOORS.

ALSO LOCATED ON THE LOWER GROUND FLOOR ARE TWO DOUBLE BEDROOMS WITH EN-SUITE SHOWERS, SUITABLE FOR STAFF. THE SECURE PARKING AREA IS OF AN EXCELLENT SIZE WITH PARKING FOR NUMEROUS CARS AND A CAR LIFT WHICH CAN ACCOMMODATE A ROLLS ROYCE PHANTOM.

THE SUB-BASEMENT HAS A SPACIOUS GAMES ROOM, LAUNDRY ROOM, PLANT ROOM, STORAGE AND SWIMMING POOL SERVICE AREA.

EXTERNALLY THE OVERALL PLOT SIZE IS 0.55 OF AN ACRE, THE FRONTAGE IS APPROXIMATELY 80 x 80 AND THE LANDSCAPED REAR GROUND IS APPROXIMATELY 140 x 80.

THE PRIVATE REAR GROUNDS INCLUDE PORCELAIN STONE TILED TERRACES WITH LAWNED AREAS AND BORDERS WITH PLANTS. THERE IS A SPACIOUS ENTERTAINING TERRACE WHICH MEASURES 6.5m2 WITH A MAINS GAS CONNECTION FOR A BBQ AND LOWER GROUND TERRACE WITH BESPOKE LIGHTING WITH ACCESS TO THE INDOOR SWIMMING POOL AND RELAXATION ROOMS.

THE REAR OF THE GARDEN INDUCES A GARDENERS TOILET, DOG HOUSE, SERVICE ROOMS, LIGHTING AND A FULL WATER SPRINKLER SYSTEM.

THE 80 x 80 FRONTAGE IS BEHIND ELECTRIC GATES WITH PARKING FOR NUMEROUS CARS AND THE BESPOKE CAR LIFT SEAMLESSLY BLENDS ITSELF INTO THE DRIVEWAY GIVING ACCESS TO THE BASEMENT GARAGE.

PROPERTY SPECIFICATIONS:

AREA ZONED UNDERFLOOR HEATING ON ALL FLOORS (excluding garage)
DAIKIN DUCTED AIR CONDITIONING AND CLEAN AIR FILTRATION
BRUSHED BRASS ELECTRICAL FITTINGS
SASH WINDOWS THROUGHOUT
SIX PERSON OTIS ELEVATOR TO ALL FLOORS
CAT CABLING THROUGHOUT THE PROPERTY
KEF CEILING INTEGRATED SPEAKERS THROUGHOUT
INTEGRATED FIRE ALARM SYSTEM TO ALL FLOORS
ALARM SYSTEM WITH PIR AND WINDOWS-DOORS SENSORS
CCTV CAMERAS EXTERNALLY AND INTERNALLY IN THE GARAGE
CONTROL 4 SMART HOME - LIGHTING, ENTERTAINMENT SYSTEMS, HEATING AND HOT WATER WITH WIRING FOR BLINDS-SHUTTERS ON ALL WINDOWS
CAR LIFT TO SECURE UNDERGROUND GARAGE (suitable for a ROLLS ROYCE PHANTOM)
CAR GARAGE WITH AN AUTOMATED EXHAUST VENTING SYSTEM
DUAL STAFF PRIVATE ENTRANCES

COUNCIL TAX BAND: H

PLEASE CONTACT JOHN THOMA BESPOKE ESTATE AGENCY TO DISCUSS THIS AMAZING RESIDENCE AND ARRANGE A VIEWING.

Agent Note: The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.



Features
  • Freehold

Mortgage Calculator

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

Monthly Payment: £25,948.01

Total Interest: £3,341,284.29

Overall Total: £9,341,284.29

Amortization For Monthly Payment: £25,948.01 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£190,233.49 £121,142.65 £5,878,857.35 
2026£186,299.56 £125,076.58 £5,753,780.77 
2027£182,237.89 £129,138.26 £5,624,642.51 
2028£178,044.31 £133,331.83 £5,491,310.68 
2029£173,714.55 £137,661.59 £5,353,649.09 
2030£169,244.20 £142,131.95 £5,211,517.15 
2031£164,628.67 £146,747.47 £5,064,769.67 
2032£159,863.26 £151,512.88 £4,913,256.79 
2033£154,943.10 £156,433.04 £4,756,823.76 
2034£149,863.17 £161,512.97 £4,595,310.78 
2035£144,618.28 £166,757.87 £4,428,552.92 
2036£139,203.06 £172,173.08 £4,256,379.83 
2037£133,611.99 £177,764.15 £4,078,615.68 
2038£127,839.36 £183,536.78 £3,895,078.90 
2039£121,879.27 £189,496.87 £3,705,582.03 
2040£115,725.64 £195,650.50 £3,509,931.53 
2041£109,372.18 £202,003.96 £3,307,927.56 
2042£102,812.40 £208,563.75 £3,099,363.82 
2043£96,039.60 £215,336.55 £2,884,027.27 
2044£89,046.86 £222,329.28 £2,661,697.99 
2045£81,827.04 £229,549.10 £2,432,148.88 
2046£74,372.77 £237,003.37 £2,195,145.51 
2047£66,676.44 £244,699.71 £1,950,445.81 
2048£58,730.17 £252,645.97 £1,697,799.83 
2049£50,525.87 £260,850.28 £1,436,949.56 
2050£42,055.14 £269,321.01 £1,167,628.55 
2051£33,309.33 £278,066.81 £889,561.74 
2052£24,279.52 £287,096.62 £602,465.12 
2053£14,956.48 £296,419.66 £306,045.46 
2054£5,330.69 £306,045.46 £0.00 

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

£ 5,283,950

Mortgage Loan to Value

88%

Gross Yield

12%

Annual ROI

31%

Annual Rental Profit

£ 314,442

Cumulative Rental Profit

£ 3,144,423

Cost of Purchase

£ 783,950
  • Stamp Duty
    £ 631,250

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

  • Refurbishment Budget
    £ 150,000
  • 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

£ 405,558
  • Mortgage Interest
    £ 237,778

    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)
    £ 95,040
  • Letting Fee
    £ 240
  • Maintenance
    £ 72,000
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 6,133,840
  • Final Equity Profit
    £ 2,989,418

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

  • Cumulative Rental Profit
    £ 3,144,423

    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

£ 9,773,368

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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