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£650,000 Guide Price
Bedrooms
Bathrooms
Temme English is delighted to present this extensively extended five-bedroom family home, perfectly positioned on the sought-after Cherrywood Drive. This exceptional property is nestled close to the highly regarded Prettygate Primary School and Philip Morant Secondary School, along with other outstanding educational facilities. Additionally, it benefits from proximity to an array of local amenities, including pubs, shops, and convenient bus routes providing direct access to Colchesters city centre and train station, which offers direct links to London Liverpool Street.
GROUND FLOOR
Designed with families in mind, this home offers an abundance of space for dining, relaxation, and quality time together. Upon entry, you are welcomed by a spacious hallway featuring a Velux window that floods the space with natural light. A door leads to a generous store room, providing ample storage solutions.
The ground floor is impressively spacious, with every room thoughtfully designed. Bedroom five, measuring over 23ft in length, benefits from direct access to the rear garden and features an en-suite shower room complete with a shower cubicle, low-level W/C, and washbasin.
The lounge, spanning nearly 20ft, and the dining/snug room are both substantial in size, offering excellent entertaining and relaxation spaces. The rear extension is a stunning addition, boasting bi-folding doors that span the width of the home, seamlessly connecting the interior to the garden. This area also features a spacious, modern kitchen with a breakfast bar and additional dining space, perfect for contemporary family living.
FIRST FLOOR
Ascending to the first floor, you will find four generously sized double bedrooms. The primary bedroom benefits from built-in wardrobes, with potential for an en-suite conversion if desired.
The landing is impressively spacious, bright, and airy, providing access to the family bathroom, which, like the rest of the home, requires no additional workready for immediate enjoyment.
EXTERNAL FEATURES
Outside, this home boasts an exceptionally private rear garden, offering an abundance of space for outdoor enjoyment. A large shed measuring 113 x 95 is positioned at the rear, providing additional storage.
To the side of the property, a wooden garage measuring 195 x 108 is equipped with an electric door, while a spacious driveway provides off-road parking for multiple vehicles.
This outstanding family home offers extensive living space in a prime locationearly viewing is highly recommended!
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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