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£750,000
Bedrooms
Bathrooms
ANNEXE LIVING!!! This impressive five-bedroom detached home, complete with a self-contained annexe, offers an expansive living space of nearly 2800 sq ft. Originally built in 2006, the property has been thoughtfully extended and renovated over the years by its current owners, ensuring a perfect blend of modern comfort and spacious design. The home has undergone extensive remodelling, with the layout being carefully reconfigured to suit contemporary lifestyles, and the interior has been completely refurbished to the highest standard. With its generous living areas and versatile annexe, this home is ideal for families looking for additional space, or those seeking multi-generational living.
The heart of the home is the stunning kitchen/breakfast room, featuring sleek quartz countertops and an island with a breakfast bar, perfect for casual dining. It is equipped with top-of-the-line appliances, including an American-style fridge/freezer, a Neff double oven, a microwave, a gas hob, and a dishwasher. The space seamlessly flows into the beautifully designed orangery/garden room extension, which boasts bi-fold doors, a striking roof lantern, and air conditioning. Currently used as a second sitting room, this versatile space could also serve as an elegant dining area, providing a bright and airy atmosphere with direct access to the garden.
On the ground floor, youll also find a well-appointed formal dining room, a comfortable sitting room featuring a gas fireplace, a convenient downstairs WC, and a utility room with direct access to the annexe lobby, offering easy flow between the main house and the additional living space.
''THE ANNEXE LIVING''
The property also features a newly created annexe, part of a larger extension that incorporates a portion of the original garage. This provides an excellent solution for multi-generational living or those wishing to combine homes with family. The annexe boasts a contemporary kitchen and living area, complete with double doors leading to the garden. The kitchen is fully equipped with integrated appliances, all of which will be included. Theres also a spacious double bedroom with air-conditioning and an en-suite wet room for added comfort.
''FIRST FLOOR''
On the first floor, there are four generously sized double bedrooms. Two of these bedrooms benefit from luxurious, modern en-suite bathrooms, each with walk-in showers. The remaining bedrooms share a well-appointed family bathroom. Both Bedroom One and Bedroom Two come with built-in wardrobes, providing ample storage space.
''EXTERNALLY''
The west-facing rear garden, measuring 40 feet, is perfect for enjoying the evening sun during the summer. It features an artificial grass lawn, a full-width patio area, and a contemporary summer house equipped with both power and electric heating for year-round use.
At the front of the property, there is off-road parking for up to three vehicles, with additional access to a smaller garage that can also serve as a useful storeroom.
''THE LOCATION''
Marks Tey is a charming village located just a few miles outside Colchester, offering a tranquil and picturesque setting while still benefiting from excellent transport links and local amenities. With its blend of countryside charm and modern conveniences, it provides an ideal location for those looking for a peaceful retreat with easy access to the vibrant town of Colchester and beyond.
The village is well-served by a range of local amenities, including a convenience store, post office, and a selection of charming pubs and cafes. Residents also enjoy the nearby Marks Tey Primary School, which is highly regarded for its excellent education provision. For those who enjoy outdoor activities, there are several green spaces and parks in and around the village, offering plenty of opportunities for walking, cycling, and enjoying nature.
For commuters, Marks Tey station is a major draw, with direct rail services to London Liverpool Street in under an hour, making it a convenient location for those who work in the capital or other major hubs. The village is also well-connected by road, with easy access to the A12 and A120, providing quick routes to Colchester, Chelmsford, and beyond.
The area combines the best of both worlds: a quiet, community-focused village atmosphere with all the necessary amenities and superb transport connections for both local and regional travel. Whether youre looking for a peaceful place to call home or a convenient location with easy access to urban amenities, Marks Tey offers a fantastic balance of rural and modern living.
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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