Located in the heart of Lexden, Colchester is this fabulous detached Edwardian home boasting period features, high ceilings, spacious rooms and a south-west facing rear garden. This family home is close to Colchester's city centre and sits surrounded by quiet tree lined streets and ‘outstanding’ schools – including Hamilton Primary School, Colchester Royal Grammar School and Colchester County High School For Girls.
On entering, the only detached house in a road of semi-detached, straight away you notice the high ceilings in the hallway. From here you can access the bright open plan lounge / diner withs it’s large bay window to the front and patios doors to the rear. The galley style fully fitted kitchen offers room for a breakfast table and provides access to a cloakroom with shower. The garden room, an extension off the kitchen, combines a utility area with the option of a third reception room or play room perhaps.
Upstairs are three double bedrooms surrounding a family bathroom with integrated shower. All the bedrooms are of a good size and feature sash windows and ornate radiators. The main bedroom spans the front of the house and has a double sash and a single sash window throwing light into the room.
The garden is established with mature trees and
shrubs and is bathed in sunlight most of the day. Lawn and astroturf lead you
to three outbuildings that sit at the bottom of the garden offering good
storage and/or an office or gym/Pilates/yoga room. To the front is a small
private garden and off street parking on a shared drive.
PROPERTY DETAILS
Lounge: 4.08m x 3.82m
Diner: 3.78m x 3.28m
Kitchen: 4.81m x 3.04m
Sun Room: 2.81m x 3.14m
Main Bedroom: 3.65m x 4.95m
Second Bedroom: 3.65m x 3.28m
Third Bedroom: 3.03m 3.04m
Bathroom: 1.62m x 2.13m
Tenure: Freehold
EPC: D - 63 (potential B – 87)
Council Tax Band: D
Tenure : Freehold
Council Tax Band : D
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
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.
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.
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.
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
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