The old school house, crowland

£439,950 Offers over

4

Bedrooms

3

Bathrooms

1

Reception

Floorplan

Welcome to the Mersh House in the Old School House, Postland Road, an historic Grade II listed former school building dating back to 1856. The building was originally used as a primary school, and became part of the former St Guthlacs Secondary School until 2007.

In 2019, permission was granted by the local authority to restore the building to its former glory and boasts 8 years remaining of a 10 year 'Build-Zone" warranty. The development saw three new homes built within its confines, and Mersh House, the central part of the building, was once used as the school masters house. The two properties to either side of the home were the preceding classroom buildings.

Aptly named after one of the abbotts of Crowland, Mersh House has been renovated with modern-day family living in mind, while retaining the classic character of Victorian architecture. We think its perfectly suited to raising a family with good schools and amenities on your doorstep, and we have no doubt youll love it as much as we do.



Features
  • Freehold


Property additional info

Ground Floor:
Mersh House is accessed via a gated entrance through to an impressive oak front door, reminiscent of the original schools. To the front of the property theres an easily-maintained, manicured front lawn. Mersh House is built over three floors, incorporating the eye-catching original bell tower which looms above. In fact, the development of the property saw extra care taken to restore and completely repair the bell tower, which has stood for more than 150 years. Inside, youll step into a large entrance hallway with an arched cased opening, brightened by the addition of the original fanlight window above the front door. Opposite the front door, youll see the ground floor WC with wash basin next to the stairway. To the left lies the living room, a spacious area with double stone mullion windows overlooking the front of the property. Theres plenty of space for an entertainment unit, TV and seating in here, with multiple power sockets and wall-mounted lighting. Next to the living room is the dual aspect kitchen/dining area, with bespoke curved fittings, a central island, breakfast bar and additional space for dining with the family or entertaining friends. The central island features an undermount sink with mixer tap, as well as pop-up sockets, and faces an almost full-length window to the side of the property. Youll find a range cooker with an overhead cooker extractor hood, plus another pop-up socket within the breakfast bar - so the kids can charge their devices whilst eating breakfast! A door to the rear of the property is accessed from the dining area, which has enough space for family seating arrangements. Off the dining area is the utility room. In here youll find the boiler, a stainless steel sink with mixer tap, integrated washing machine and storage units.

First Floor:
Up the first flight of stairs from the entrance hall is a half-landing with arched stone mullion window, and a small separate flight of stairs leading to the family bathroom. In here youll find part-tiled walls with a panelled bath, vanity wash basin, and WC. Up a second flight of stairs, youll reach the first floor bedrooms, all of which are ideal for children, extended family members or guests, and could even be used as walk-in wardrobe spaces or home offices. The first bedroom is a spacious double, with plenty of room for a double bed and clothing storage. It has the added benefit of a four-piece ensuite bathroom, featuring an enclosed shower cubicle, freestanding bathtub, WC and vanity wash basin. The second double bedroom has dual aspect stone mullion windows overlooking the front of the property, with a space-saving built-in double wardrobe for clothing, or for all the younger family members toys! In the third bedroom on this floor - another generous double - youll notice a pillar towards the end of the room. The room makes up part of the former bell tower, and directly beneath are two Victorian true arch windows, maximising the natural light coming into the room.

Master Suite :
A staircase to the second floor leads you to a small landing area with a window facing out directly over to the South View Primary Schools playing fields - so at weekends and during the evenings, you can be sure therell be no traffic noise behind the property. The landing leads into the master suite - the largest bedroom in the property. It features a sloped ceiling to one side with a skylight, a second skylight opposite, and a prism-shaped feature window on the adjacent wall. The master suite also includes a walk-in wardrobe area with fixed rails for clothing storage, as well as an ensuite bathroom with enclosed shower cubicle, WC and vanity wash basin.

Outdoors:
Accessed through the dining area on the ground floor is a fully-enclosed private rear garden, with a patio area for enjoying quiet dinner and drinks when the weather allows. Theres also a large lawn for children to play on, and you can relax safe in the knowledge that the garden isnt directly overlooked by any neighbours. Through the back gate, the garage sits within a gated parking area which is shared with one of the neighbouring properties in the building. Two parking spaces are allocated to Mersh House within an open double garage. But for families with more than two vehicles, theres plenty of space in the enclosed area to park securely. During renovations, The Old School House was stripped back and new, fully-insulated walls, windows, floors and ceilings were installed. Were not expecting this property to hang around for long, so make sure youve booked your viewing before you miss out.

Crowland:
Crowland is a small town lying just north of the Lincolnshire and Cambridgeshire border. Its only primary school, South View Community Primary School, is situated next to Mersh House, and the towns historic Abbey is under a 10-minute walk away. Another point of historical interest is the Trinity Bridge, found in the town centre. The structure dates back to the 14th century, and is believed to have originally spanned the River Welland. The town centre, just a 10-minute walk from Mersh House, has a Co-op Food store and Spar shop for convenience, with larger supermarkets available in nearby Peterborough. Youll also find some pubs for your family Sunday lunch, a bakery, cafes and takeaways, plus a Post Office and library. The library runs regular activities for children, and its community hub plays a pivotal role in the town.

Transport:
Peterborough Railway Station is just under 20 minutes away from the property by car, and is ideal for commuters - with direct trains running to Manchester Piccadilly, Liverpool Lime Street, London Kings Cross, St Pancras and York, to name a few. The Stagecoach 37 bus service provides direct links between Peterborough and Spalding, and you can be on the A16 in just five minutes. Via the A16 youll reach Peterborough City Hospital in under 20 minutes by car, and both Nottingham and London Stansted Airports are around 90 minutes away.

Schools:
For younger children, the Old School House falls into the catchment area for a good selection of primary schools. Almost directly next door to the property lies South View Community Primary School, and Shepeau Stow Primary School, Deeping St Nicholas Primary School and Moulton Chapel Primary School are within around 10 minutes by car. If you require a faith school, options include the nearby Cowbit St Marys C of E Primary School and Newborough C of E Primary School. Older children can attend The Deepings School and Sixth Form, which is around 15 minutes away by car.

Build-Zone Warranty:
The property has been fully refurbished and still has 8 years left of a 10 year Build-Zone Warranty!

Nearest Stations:

7.62 miles
Spalding
7.99 miles
Peterborough
9.13 miles
Whittlesea
13.37 miles
Stamford
13.53 miles
March

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 365658.75

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 10998.75
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

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.

Annual Costs

£ 35696.25
  • Mortgage Interest
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    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
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  • Letting Fee
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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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.

Total Profit

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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