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£800,000 Guide Price
Bedrooms
Bathrooms
''Guide Price 800,000-825,000'' The Stockwell is a former public house having been restored to an exceptional standard creating a truly unique home which offers the perfect fusion of character features and modern comforts. The property is located in Colchesters sought after Dutch Quarter which is surprisingly peaceful whilst being just a few minutes walk from both the City Centre and Castle Park. It is believed that this grade II listed property dates back to the 14th century and was once home to famous author Daniel Dafoe.
Description - In recent history the property was known as The Stockwell Arms, and has undergone a complete refurbishment to create a stunning home at the hands of the current owner. The property exudes character and charm with many original features including exposed beams and a rare barrel back fireplace. Upon entering the original front door you are greeted by a double height reception space with vaulted, beamed ceiling and feature wall exposing some of the original wattle and daub, there is also a bar with stone top, log burner and access to the cellar. Opening to snug with brick fireplace housing a second log burner and dual aspect windows. The dining room completes the ground floor of the older part of the property with the barrel back fireplace. The newer part showcases a huge open plan kitchen/dining/living space with a modern feel and includes; vaulted ceiling with feature lighting, bifolding doors, media wall and a second bar area. The bespoke, oak kitchen was crafted by The Handmade Kitchen Co and is finished with Quartz worktops, NEFF appliances and Fisher & Paykel fridge freezer. The island features a Kaelo countertop wine cooler and pop up plug socket. A cloakroom, office and utility room finished to match the kitchen completes the ground floor.
There are two staircases to the first floor, one leads to the guest suite complete with en-suite shower room and the second leads to the master suite. The master suite with its beautiful vaulted ceiling exposing original king post trusses leads to a galleried dressing room finished with built-in storage also made by The Handmade Kitchen Co. and a stunning en-suite with his & hers walk-in shower.
Loaded with technology, the property features smart home heating, lighting control and motorised privacy and blackout blinds throughout.
Externally there is off-road parking for two vehicles which is rare for the location, hidden behind an electric, wooden gate with intercom entry system and CCTV. The tiered rear garden offers a private sanctuary with plenty of room for entertaining and designed for minimal maintenance. It includes an outdoor kitchen area, raised patio and artificial turf. To the side of the property is a covered log store and cupboard housing gas boiler.
Accommodation comprises with approximate room sizes as follows:
Entrance door to:
Reception Hall - 5.99m x 3.78m (198 x 125) -
Bar - 4.11m x 4.29m (136 x 141) -
Snug - 4.09m x 2.67m (135 x 89) -
Dining Room - 4.37m x 3.73m (144 x 123) -
Cloakroom -
Office/Bedroom Four - 3.15m x 2.79m (104 x 92) -
Utility Room - 2.79m x 2.01m (92 x 67) -
Open Plan Living/Kitchen/Dining -
Reception Area - 5.56m x 5.05m (183 x 167) -
Kitchen Area - 4.34m x 3.89m (143 x 129) -
Living/Bar Area - 7.77m x 7.49m (256 x 247) -
Storage -
Stairwell - 2.87m x 2.74m (95 x 9) -
First Floor -
Master Suite - 5.28m x 4.19m (174 x 139) -
Dressing Room - 3.78m x 3.56m (125 x 118) -
En-Suite -
Guest Suite - 4.67m x 3.61m (154 x 1110) -
Bedroom - 4.09m x 3.05m (135 x 10) -
En-Suite -
Outside -
Front -
Driveway -
Rear Garden - 12.19m x 12.19m (40 x 40) -
Planning - There is planning approved for solar panels and battery system. There is also provision for an EV charger to the driveway.
Additional Information - Council Tax Band: G
Heating: Gas central heating
Sellers Position: Buying onwards
Garden Facing: East
Agents Note Sales - PLEASE NOTE - Although we have not tested any of the Gas/Electrical Fixtures & Fittings, we understand them to be in good working order, however it is up to any interested party to satisfy themselves of their condition before entering into any Legal Contract.
Aml - ANTI-MONEY LAUNDERING REGULATIONS 2017 - In order to comply with regulations, prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property.
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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