5 bedroom detached for sale

£850,000

5

Bedrooms

3

Bathrooms

Floorplan

Located in the sought-after and peaceful Redgates Place, this impressive five-bedroom detached home offers generous living space, a large garden, and excellent potential for a growing family. The well-designed layout includes expansive reception areas, a large kitchen/breakfast room, and two en-suite bedrooms, making it perfect for both relaxation and entertaining.

The welcoming entrance hall leads to a spacious dining room, ideal for hosting, which flows effortlessly into the impressive living room. This bright space features dual-aspect doors leading to the garden, creating a seamless connection between indoor and outdoor living. The heart of the home is the large kitchen/breakfast room, boasting ample storage, worktop space, and a breakfast area with garden access. A handy utility room and a downstairs WC complete the ground floor.

Upstairs, five well-proportioned bedrooms offer flexible living arrangements. The standout principal bedroom includes an en-suite, while a second en-suite serves another spacious bedroom, perfect for guests or teenagers. The remaining bedrooms share a well-appointed family bathroom. A useful storage cupboard is also located off the landing.

Externally, the home benefits from a generous rear garden, providing an excellent space for children to play or for summer entertaining. The property also offers off-street parking and a double garage, ideal for extra storage or potential conversion (STPP).

Situated in a quiet yet convenient location, Redgates Place is close to excellent schools, local amenities, and transport links to Chelmsford city centre and London.

ENTRANCE HALL

GROUND FLOOR CLOAKROOM

LOUNGE 18 6' x 23 2' (5.64m x 7.06m)

DINING ROOM 10 10' x 12 8' (3.3m x 3.86m)

KITCHEN/BREAKFAST ROOM 14 10' x 27 9' (4.52m x 8.46m)

UTILITY ROOM 6 11' x 6 5' (2.11m x 1.96m)

BEDROOM ONE 19 8' x 14 1' (5.99m x 4.29m)

EN-SUITE 6 11' x 8 3' (2.11m x 2.51m)

BEDROOM TWO 19 2' x 11 6' (5.84m x 3.51m)

STORE

BEDROOM THREE 13 9' x 11 2' (4.19m x 3.4m)

BEDROOM FOUR 6 10' x 7 10' (2.08m x 2.39m)

BATHROOM 6 7' x 7 7' (2.01m x 2.31m)

BEDROOM FIVE/STUDY 22 8' x 11 3' (6.91m x 3.43m)

ENSUITE 6 5' x 4 6' (1.96m x 1.37m)

DOUBLE GARAGE 9 x 16 9' (2.74m x 5.11m)

AGENT NOTES There is a Tree Preservation Order (TPO) in place.

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

£ 703950

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
    £ 21250
  • 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

£ 66450
  • 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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