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£155,000 Guide Price
Bedrooms
Bathrooms
Reception
Guide Price: 155,000 - 165,000
Situated in the heart of Withams vibrant town Centre, this beautifully presented upper-floor apartment offers contemporary living in an unbeatable location. The property comprises one well-proportioned bedroom and a bright, open-plan living space, enhanced by large windows that fill the room with natural light. The modern kitchen features high-quality appliances, making it ideal for anyone who enjoys cooking and entertaining.
In our opinion, this apartment is perfectly suited to a professional couple or single occupant seeking style, comfort, and convenience.
Witham boasts a Mainline Station with regular direct services to London Liverpool Street, making it a popular choice for commuters. The lively High Street is home to a wide range of supermarkets, shops, bars, restaurants, and schools. The A12 bypass ensures excellent road connections, providing easy access to highly regarded grammar schools in nearby Chelmsford and Colchester. To the north, the A120 connects quickly to Stansted Airport and the M11, streamlining journeys for both work and leisure.
Dont miss out on this fantastic opportunity to own a stylish apartment in a prime location. Contact us today to arrange a viewing.
Tenure: Leasehold
Ground Rent: 170 per year
Service Charge: 1,200 per year
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £670.32
Total Interest: £86,316.51
Overall Total: £241,316.51
Amortization For Monthly Payment: £670.32 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £4,914.37 | £3,129.52 | £151,870.48 |
| 2026 | £4,812.74 | £3,231.14 | £148,639.34 |
| 2027 | £4,707.81 | £3,336.07 | £145,303.26 |
| 2028 | £4,599.48 | £3,444.41 | £141,858.86 |
| 2029 | £4,487.63 | £3,556.26 | £138,302.60 |
| 2030 | £4,372.14 | £3,671.74 | £134,630.86 |
| 2031 | £4,252.91 | £3,790.98 | £130,839.88 |
| 2032 | £4,129.80 | £3,914.08 | £126,925.80 |
| 2033 | £4,002.70 | £4,041.19 | £122,884.61 |
| 2034 | £3,871.47 | £4,172.42 | £118,712.20 |
| 2035 | £3,735.97 | £4,307.91 | £114,404.28 |
| 2036 | £3,596.08 | £4,447.80 | £109,956.48 |
| 2037 | £3,451.64 | £4,592.24 | £105,364.24 |
| 2038 | £3,302.52 | £4,741.37 | £100,622.87 |
| 2039 | £3,148.55 | £4,895.34 | £95,727.54 |
| 2040 | £2,989.58 | £5,054.30 | £90,673.23 |
| 2041 | £2,825.45 | £5,218.44 | £85,454.80 |
| 2042 | £2,655.99 | £5,387.90 | £80,066.90 |
| 2043 | £2,481.02 | £5,562.86 | £74,504.04 |
| 2044 | £2,300.38 | £5,743.51 | £68,760.53 |
| 2045 | £2,113.87 | £5,930.02 | £62,830.51 |
| 2046 | £1,921.30 | £6,122.59 | £56,707.93 |
| 2047 | £1,722.47 | £6,321.41 | £50,386.52 |
| 2048 | £1,517.20 | £6,526.69 | £43,859.83 |
| 2049 | £1,305.25 | £6,738.63 | £37,121.20 |
| 2050 | £1,086.42 | £6,957.46 | £30,163.74 |
| 2051 | £860.49 | £7,183.39 | £22,980.34 |
| 2052 | £627.22 | £7,416.66 | £15,563.68 |
| 2053 | £386.38 | £7,657.51 | £7,906.17 |
| 2054 | £137.71 | £7,906.17 | £0.00 |
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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Mon Jul 14 2025
All confirmed! We look forward to speaking with you.
Mon Jul 14 2025
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