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£700,000
Bedrooms
Bathrooms
Reception
This impressive Family home is located in the prestigious close in the Langenhoe area and provides a high standard of accommodation throughout. The property benefits in offering ground floor cloakroom, dining room, lounge, kitchen/diner, utility room, five bedrooms, three en-suites, bathroom, under floor heating to the ground floor, double garage and driveway for several vehicles. We highly recommend an internal viewing to appreciate this spacious and beautifully presented home.
Entrance door leading to:
Entrance hall
Stairs to first floor, under stairs storage cupboard, doors to;
Ground floor cloakroom
Low level wc, pedestal wash hand basin, extractor fan, under floor heating.
Dining room 157 X 119
Double glazed window to front, double glazed window to both sides, under floor heating.
Lounge 1710 X 152
Two double glazed windows to front, rear and side aspect, bi-folding doors that leads on to a patio area in the rear garden, under floor heating.
Kitchen/diner
This impressive open planned living area comprises of a stylish kitchen with a range of matching white wall and base units with roll edge work surface, inset sink with mixer tap, built in oven four ring ceramic hob with extractor fan over, built in microwave, integrated dishwasher, and fridge freezer, inset spotlighting. Under floor heating
Utility room
A range of base units with roll edge work surface, in set sink with mixer tap, plumbing and space for washing machine, further space for further appliance.
First floor accommodation
Landing
A spacious area with double glazed window to front, airing cupboard housing hot water tank, doors to;
Bedroom one 197 X 91 plus door recess
Double gazed window to rear, two radiators, built in double wardrobe, further storage cupboard with hanging rail.
En-suite
Double glazed window to side, a suite comprising of low level wc, vanity sink with cupboard beneath, walk in shower with over head shower and further shower attachment, tiled walls.
Bedroom Two 131 max X 119
Double glazed window to front, radiator, built in wardrobes.
En-suite
Double glazed window to side, low level wc, vanity sink with cupboard beneath, separate shower cubicle with over head shower and further shower attachment, inset spotlighting, heated towel rail.
Bedroom three 164 X 108 plus door recess,
Double glazed windows to side and rear aspect, built in double wardrobe, radiator.
En-suite
Suite comprising of low level wc, separate shower cubicle with over head shower and further shower attachment, vanity sink with cupboard beneath, heated towel rail, inset spotlighting, extractor fan.
Bedroom four 115 plus wardrobes X 88
Double glazed window to front and side, radiator, built in wardrobes.
Bedroom Five 115 plus door recess X 88
Double glazed window to front and side aspect , radiator .
Bathroom
A white suite comprising of panel bath with mixer tap and shower attachment, low level wc, pedestal wash hand basin, heated towel rail, inset spotlighting.
The sizable rear garden is south/east facing and comprises of a paved patio area with the remainder laid to lawn. There is an established tree, two shingle area to the rear and a raised decking area to one side and a access gate to the other side of the property leading to the front.
The front of the property offer a paved driveway offering parking for several vehicles leading to an attached double garage with electric operated doors.
Council Tax Band: G (Colchester Council)
Tenure: Freehold
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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