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11 Grove Street , Retford, Nottinghamshire
£315,000 Fixed Price
Bedrooms
Bathrooms
We are delighted to welcome this beautifully presented THREE DOUBLE BEDROOM semi detached cottage to the market, dating back to 1892. Sympathetically modernised to retain an exposed brick inglenook fireplace and many original doors, the extensive recent works include a rendered two storey extension, brand new contemporary radiators to the ground floor, several new integrated kitchen appliances and worksurfaces, and new guttering externally. Now measuring in excess of 979 sq ft., the charming yet contemporary living accommodation briefly comprises of entrance hall, open plan kitchen diner, lounge, ground floor WC, first floor landing, master bedroom, two further double bedrooms and a modern family bathroom. Parking is well catered for on a private driveway accommodating three vehicles, whilst a fully enclosed, laid to lawn rear garden and decked seating area reside to the rear. Scenically located in the rural village of Laughterton, the well placed plot enjoys a prime location for commuting to Lincoln, Newark, Retford and Gainsborough via excellent commuter links. Laughterton itself boasts a village Post Office and convenience store in its locality, alongside a large play area, golf course, several restaurants and Newton-on-Trent Church of England Primary School, which has most recently achieved a good Ofsted rating. Viewings are highly recommended to fully appreciate the high standard of works and countryside setting being offered for sale.
Please call the office today to arrange a viewing.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
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.
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