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£350,000 Guide Price
Bedrooms
Bathrooms
''GUIDE PRICE 350,000-375,000. Temme English are thrilled to present this turn key, three bedroom detached family home situated to the South of Colchester on a popular new development close to ample amenities including schooling, shops, pubs, restaurants and bus routes into the city centre/station. The property offers fantastic, MODERN living beginning with its spacious entrance hallway providing access to a modern fitted kitchen/breakfast room. The kitchen offers a range of fitted wall/base units with modern surfaces over, there is a range of cupboards/drawers with the addition of integral oven with hob/hood over, stainless steel sink/drainer and space for other fitted appliances. The kitchen also boasts an IDEAL breakfast bar area. The ground floor is completed with a downstairs W/C suitable for guests and a spacious/ good sized lounge with double doors overlooking the large rear garden.
To the first floor you will find three well proportioned bedrooms and a main family bathroom. Bedroom one is complete with fitted wardrobes and a modern en-suite shower room whilst bedroom two also has fitted wardrobes. The main bathroom benefits from part tiled surround, panelled bath, low level W/C and wash hand basin. The en-suite features double width shower with shower attachment over, obscure double glazing, low level W/C, wash hand basin and chrome heated towel rail.
Externally, the property has the advantage of a large, private rear garden. This garden is larger than most for homes of this age and is a real sun trap throughout the day. Laid mainly to lawn with patio area also. The front of the property benefits from driveway providing off road parking as well as bundles of on street parking is also available. In additon, there is also a garage with up/over door, door to rear garden and also, fully powered.
Early internal viewing is advised!
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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