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£425,000 Offers in excess of
Bedrooms
Bathrooms
This is a rare opportunity to purchase a German designed and built home, with extremely well proportioned rooms on an exceptionally good size plot. The main dwelling consists of a grand entrance hallway measuring a maximum of 173' x 153'. The light and airy reception room is a jaw dropping 309' x 194' with multiple doors that provide access into the garden. There is also a fully equipped kitchen and spacious utility room. To the north wing are three well proportioned bedrooms and a four piece family bathroom, all accessible via a separate lobby.The annex has been converted from the original garages and has a lounge/gym/office measuring 192' x 179', bedroom and shower room.Outside is a very generous size rear garden, mainly laid to lawn and the perfect place to unwind in the sunshine or for anyone with green fingers to have fun. To the front is sprawling lawn and driveway providing ample parking for multiple vehicles.There is also much potential for development with this plot, subject to planning and permission.Located on the popular Colster Way, in the highly desirable village of Colsterworth where there are many great amenities to hand. These include a Church of England Primary School, a Co-Op, a Family Shopper, a friendly public house that also serves great food, a doctors surgery and much more. The village is also in very easy reach of the A1 where you can access many motorway links up and down the country. Grantham station is only 7.8 miles away with numerous mainline train links including services to Kings Cross, London, and many other cities.
Map location is not available for this property.
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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