A wonderful opportunity for a first-time buyer, a growing
family, a young couple or even an investor.
Through over 50 years, under the current ownership, this family home has
been just that, however, grandchildren have grown up and it’s time to downsize,
hence bringing this three bedroom, semi-detached house to the market.
If we said this home had potential it would be an
understatement… subject to planning… you could develop up into the loft (which
has already flooring, walls and a window) and/or out at the back to add a first
floor to the existing extension. Adding more bedrooms, making bedrooms larger,
create a bigger bathroom and more.
Notwithstanding the potential, the home already boasts
excellent living and sleeping spaces. A
compact entrance hallway provides access to the living room, with a large bay
window, to the front of the house… to the downstairs cloakroom and into the
dining room, which sits in the centre of the house. The dining room opens up into kitchen which
hosts a plethora of over and under cabinets, work tops and room for white
goods. Off the kitchen is a shower room with toilet. The conservatory to the
rear is a space of light and serenity.
There are three double bedrooms (one a small double)
upstairs and the first floor accommodation is completed by a two piece
bathroom. From the landing there is loft access to the fully boarded area with
storage.
To the front of the house, the driveway is block-paved with
room for two vehicles. The rear garden is mainly laid to lawn with
well-maintained established shrubberies. At the bottom of the garden is a
hidden shed and compost area.
So what about the railway line at the back of the
house? In a very short space of time you
don’t really notice it’s there. Come and view the house, stand in the kitchen,
sit in the conservatory and have a meander around the garden and make your own
judgement!
PROPERTY DETAILS
Lounge 3.15m x 4.86m (15’ 11" x 10' 4")
Dining Room 2.52m x 3.91m (12' 10" x 8' 3")
Kitchen 3.58m x 6.04m (19' 10" x 11' 9")
Shower Room
Conservatory 3.26m x 3.01m (10' 8" x 9' 10")
Bedroom One 3.46m x 3.32m (10' 11" x 11' 4")
Bedroom Two 3.02m x 2.40m (9' 11" x 7' 11")
Bedroom Three 2.30m x 2.69m (8' 10" x 7' 7")
Bathroom 1.57m x 1.44m (5’ 2” x 4’ 9”)
Boarded Loft Room
Gas Central Heating
Double Glazing throughout
EPC Rating: 60 (D) Potential 82 (B)
Council Tax Band: C (£1,851.00 pa)
THE VILLAGE
Ingatestone is a village in Essex located between Brentwood
and Chelmsford, ideally located for access to the A12 and M25. It benefits from excellent transport links, making it a viable option for
commuters. The village is well-served by Ingatestone railway station, which
offers direct services to London Liverpool Street, making the capital easily
accessible for work or leisure. Bus routes also connect the village to nearby
towns and cities, providing further commuting options. Ingatestone is
conveniently located near the A12, offering straightforward road access to the M25,
to London, Chelmsford, and beyond.
Schools: The Ingatestone and Fryerning Church of England
Voluntary Aided Junior School, along with Ingatestone Infant School, are both
rated as good and are conveniently located within the village. The Anglo
European School, a secondary school, also enjoys a good rating.
Ingatestone might be a village, but it’s far from lacking in
amenities. You’ll find a diverse range of shops, including local convenience stores
like The Co-op and Budgens. When it comes to dining, the village offers a
delightful array of restaurants. Whether you’re in the mood for Italian, a
hearty Indian meal or classic British fish and chips, there’s something to suit
every palate. For a drink, you can head
to The Star Inn, The Bell, or The Lounge Wine Bar.
Interestingly, the oldest building in the village is the church, St. Edmund and St. Mary, which was built during the Norman times over 900 years ago. Also, Ingatestone High Street was one of the first conservation areas to designated in Essex in 1969.
Tenure : Freehold
Council Tax Band : C
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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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