Offering the ‘WOW’ factor, this stunning three double
bedroom detached house located down a private driveway, off Lexden Road, boasts
a contemporary design and includes exceptional features throughout. Internally
the house is laid out to enhance comfort and convenience whilst externally it
is stylish with minimal effort.
The kitchen / diner has been thoughtfully designed to maximise natural light, creating an inviting space to live, entertain and relax. With three ovens (one steam), electric hob, integrated fridge and freezer and a good-sized island that also doubles as a breakfast bar… the kitchen has it all. The loo-tility behind the kitchen hosts the washing machine, tumble dryer and a separate cloakroom.
The bi-fold doors to the garden bring the outside in to the dining area and the inside out to the modern decking with its own dining suite. The garden includes walled seating, a built-in BBQ and features differing textures, bringing together wooden decking, stone and brick walls, slabs, pebbles and artificial grass.
The plush lounge hosts an electric style log burner and offers access to the study and the stairs to the bedrooms.
Upstairs, three well-appointed double bedrooms, with an en-suite and dressing room to the principal bedroom, and a family bathroom invites interest for this home from growing families to professionals seeking ample space.
Located in a sought-after area in Lexden and sitting on public transport routes, the home offers easy access to the city centre, Colchester North Station and is minutes away from the AI2.
PROPERTY DETAILS
Kitchen / Diner: 6.01m x 9.15m (19’8” x 30’0”)
Lounge: 7.03m x 4.53m (23’1” x 14’10”)
Study: 2.33m x 2.38m (7’8” x 7’10”)
Bedroom One: 4.07m x 2.94m (13’4” x 9’8”)
Dressing
Room: 1.86m x 3.00m (6’1” x 9’10”)
En-suite:
2.37m x 1.75m (7’9” x 5’9”)
Bedroom Two: 3.01m x 3.59m (9’10” x 11’9”)
Bedroom Three: 3.96m x 2.48m (13’0” x 8’2”)
Bathroom: 2.55m x 1.75m (8’4” x 5’9”)
Gas Central Heating
Underfloor heating in Kitchen / Diner
Ceiling speakers (inc. bathroom)
Private driveway
Block-paved parking area (to front)
Council Tax Band: C (£1,873
pa)
EPC: 71 (C) Potential 81 (B)
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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