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£800,000 Guide Price
Bedrooms
Bathrooms
Reception
Guide Price 800,000 - 825,000
Built in 1953, this stunning family home is situated in a highly sought-after location in the heart of Witham town. On the market for the first time in over 40 years, the property boasts four spacious bedrooms, a large lounge, dining room, and a kitchen with plenty of storage, along with a convenient utility room. Additional features include a study, ground-floor cloakroom, and a dressing room.
Outside, youll find a large beautifully landscaped rear garden, perfect for both relaxation and entertaining. The front of the property is accessed via a secure double gate, leading to a driveway with ample parking leading to a garage. With its prime location and appealing features, this home is ideal for anyone looking for a comfortable, established property in a desirable area. Call today to truly appreciate all that this exceptional home has to offer.
Witham is home to a Mainline Station with regular trains to London Liverpool Street. The town features a vibrant High Street, offering a variety of supermarkets, shops, bars, restaurants, and schools. Conveniently located, Witham is bypassed by the A12, providing easy access to the excellent grammar schools and other educational options in Colchester and Chelmsford. To the north, the A120 offers quick links to Stansted Airport and the M11 motorway, significantly reducing travel time.
Entrance Hall
Ground floor cloak room
Lounge 1711 X 1111
Dining room 1610 X 99
Kichen 181 X 116
Utility room 70 X 66
Bedroom One 1711 108
Dressing room 1111 X 67
Bedroom Two 111 into wardrobes X 110
Bedroom Three 10,10 X 910
Bedroom Four 911 X 73
Bathroom
Tenure: Freehold
Electricity supply: Mains
Heating: Gas Mains
Water supply: Mains
Sewerage: Mains
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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