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£550,000
Bedrooms
Bathrooms
With no upward chain, this impressive, stone, four-bedroom detached house is located in a quiet cul-de-sac on the fringes of South Witham.This stunning property is one of a very limited number of executive-style houses in the village that boast both great size plots and excellent kerb appeal. This property really has so much to offer.The main double aspect reception room has a stone chimney breast with a fireplace and French doors leading to the rear garden. There is also a second double aspect reception room/lounge and a country-style kitchen/diner and a utility room. There is also a large dining room plus an exceptionally spacious hall and cloakroom on the ground floor.Upstairs is a large gallery-style landing. There are four king-size bedrooms. The double aspect master bedroom has an ensuite bathroom. The second bedroom has an ensuite shower room and there is also a separate family bathroom on this floor.Outside, the shingle driveway to the front provides ample parking for multiple vehicles. To the side of the driveway, there is a very generous double garage that has an upstairs storage area and a side door for easy access. To the rear and side of the property are secluded and well-maintained gardens providing plenty of space to enjoy for every occasion all year round.South Witham has a primary school, two Public Houses, two shops, a doctors surgery, a village hall hosting bi- weekly coffee mornings, monthly community Sunday lunches, exercise classes, and numerous organised events throughout the year such as the summer festival, the fireworks night and the Pensioners Christmas lunch to name a few. There is a sports field, a childrens play park and those looking for somewhere to enjoy country walks or bike ride, then this village will be ideal for you.South Witham, with its easy access to the A1, is close to many market towns including Stamford, Oakham and Grantham. Grantham train station is only 10 miles from the village, making it perfect for commuters who can regularly travel to London Kings Cross in just over an hour. There are also may train services available from Grantham to numerous city destinations.To book a viewing, please contact us on , we are available 7 days a week.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £2,378.57
Total Interest: £306,284.39
Overall Total: £856,284.39
Amortization For Monthly Payment: £2,378.57 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £17,438.07 | £11,104.74 | £538,895.26 |
| 2026 | £17,077.46 | £11,465.35 | £527,429.90 |
| 2027 | £16,705.14 | £11,837.67 | £515,592.23 |
| 2028 | £16,320.73 | £12,222.08 | £503,370.15 |
| 2029 | £15,923.83 | £12,618.98 | £490,751.17 |
| 2030 | £15,514.05 | £13,028.76 | £477,722.41 |
| 2031 | £15,090.96 | £13,451.85 | £464,270.55 |
| 2032 | £14,654.13 | £13,888.68 | £450,381.87 |
| 2033 | £14,203.12 | £14,339.70 | £436,042.18 |
| 2034 | £13,737.46 | £14,805.36 | £421,236.82 |
| 2035 | £13,256.68 | £15,286.14 | £405,950.68 |
| 2036 | £12,760.28 | £15,782.53 | £390,168.15 |
| 2037 | £12,247.77 | £16,295.05 | £373,873.10 |
| 2038 | £11,718.61 | £16,824.21 | £357,048.90 |
| 2039 | £11,172.27 | £17,370.55 | £339,678.35 |
| 2040 | £10,608.18 | £17,934.63 | £321,743.72 |
| 2041 | £10,025.78 | £18,517.03 | £303,226.69 |
| 2042 | £9,424.47 | £19,118.34 | £284,108.35 |
| 2043 | £8,803.63 | £19,739.18 | £264,369.17 |
| 2044 | £8,162.63 | £20,380.18 | £243,988.98 |
| 2045 | £7,500.81 | £21,042.00 | £222,946.98 |
| 2046 | £6,817.50 | £21,725.31 | £201,221.67 |
| 2047 | £6,112.01 | £22,430.81 | £178,790.87 |
| 2048 | £5,383.60 | £23,159.21 | £155,631.65 |
| 2049 | £4,631.54 | £23,911.28 | £131,720.38 |
| 2050 | £3,855.05 | £24,687.76 | £107,032.62 |
| 2051 | £3,053.36 | £25,489.46 | £81,543.16 |
| 2052 | £2,225.62 | £26,317.19 | £55,225.97 |
| 2053 | £1,371.01 | £27,171.80 | £28,054.17 |
| 2054 | £488.65 | £28,054.17 | £0.00 |
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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Mon Jul 28 2025
All confirmed! We look forward to speaking with you.
Mon Jul 28 2025
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