For sale is this exceptional three bedroom townhouse, located in the heart of Lexden. Gilberd House is tucked away within the tranquil and serene surroundings of Lexden Park.
Built in the mid-nineties, this family home comprises of three double bedrooms, two reception rooms, a large shower room, a downstairs cloakroom, a garden terrace - with picturesque views over the lake and grounds of Lexden Park, a garage and allocated parking.
Entering the house, the spacious hallway offers access to the snug/dining room/study (fourth bedroom?), the WC and the recently fitted modern kitchen/diner. With it’s range of chic cabinets, eye level double oven, integrated appliances and a door to the garden terrace, the kitchen is perfect for both cooking and entertaining. The ground floor reception room could flex as a dining room, a study or as a snug.
To the first floor is the south facing large living room with scenic views across the lake and established gardens from two large modern sash windows. On this floor, to the front, is the first of three good sized double bedrooms. Up the stairs to the top floor and here you will find two more double bedrooms and a three piece shower room with walk-in shower. Both bedrooms boast floor to ceiling built-in double fronted mirrored wardrobes.
Throughout the house, with large sash windows to both front and rear elevations, every room is bathed in an abundance of natural light. Gas central heating, with a recently renewed boiler keeps you warm in the Winter months, but it’s the Spring, Summer and Autumn when the communal gardens come to life offering a peaceful and scenic living experience.
The house comes with its own garage, allocated parking and multiple visitor spaces. Within the grounds is a car wash area. From the road, Lexden Park has its own entrance and a private gravel driveway brings you round to Gilberd House.
Recognised as a wildlife reserve, Lexden Park is within a short walking distance of Colchester's city centre, with its array of restaurants, bars and shops. Nearby are a number of outstanding Primary and Secondary schools including both Grammar schools (see below). Colchester's mainline railway is within easy reach, where you can arrive in London Liverpool Street within an hour. The property location is well connected, sitting on various bus routes and the A12 is just a short distance away taking you south towards London/Chelmsford and north to Ipswich. The local pub is the popular Lexden Crown and a short drive takes you to Tollgate which hosts a M&S Foodhall, Starbucks, various restaurants and retailers, B&Q and a Sainsbury’s superstore.
PROPERTY DETAILS
Kitchen/Diner: 4.01m x 3.70m (13’ 2” x 12’ 2”)
Snug/Dining Room/Study: 3.0m x 3.11m (9’ 11” x 10 ‘ 2”)
Cloakroom
Lounge: 4.97m x 3.70m (16’ 4” x 12’ 2”)
Third Double Bedroom: 3.00m x 3.11m (9’ 11” x 10’ 3”)
First Double Bedroom: 3.02m x 3.70m (9’ 11” x 12’ 2”)
Second Double Bedroom: 3.02m x 3.12m (9’ 11” x 10’ 3”)
Shower Room: 1.88m x 2.73m (6’ 2” x 9’ 0”)
Council Tax band: F (£3,043 pa)
EPC: (2015) 59 (D) Potential 80 (C)
Schools within walking distance: Colchester Royal Grammar School, Colchester Girls High School, St Mary's, Philip Morant, St Benedicts, Oxford House, Colchester High School, Hamilton Road Primary School, Prettygate Primary School.
To book a viewing please contact James Leigh Property Management.
Tenure : Freehold
Council Tax Band : F
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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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