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£800,000
Bedrooms
Bathrooms
Conveniently situated in Colsterworth, about halfway between Stamford and Grantham, and a little over a minute from the A1, Spring Lane Barns is a wonderful 6-bedroom family home. The attractive, friendly village is an ideal choice for professional people who need easy access to London combined with the joys of the countryside. The property is set at the top of a very good size plot which is approximately two acres'. From here the land drops down towards the River Witham with the boundary lines on the River Banks. The views are stunning and far reaching. The accommodation on offer is generous and flexible and would provide any family with a place they would be proud to call call and could be arranged to suit any requirements needed. It is currently arranged over three levels and consists of six bedrooms, two bathrooms and three reception rooms. Highlights of this include a remarkable reception room which measures 314' x 16' and has beamed vaulted ceilings. There is also a lower ground lounge with French doors opening out to take in the views and a log burner. A substantial shingle driveway provides parking for a large number of vehicles. At the top of the lane, the White Lion is a well-run village pub and restaurant. There is a well-stocked CO-OP and separate village shop, the doctors surgery is near the pub. Colsterworth is a very friendly village with a variety of clubs and various village events throughout the year. The house is also only a few steps from the Church and this beautiful building including the spire can be seen from most of the property and makes a simply breath taking backdrop. The surrounding countryside is extremely attractive and peaceful, Lincolnshire being famous for its vast skies. The long hedge-lined country roads around the village are perfect for exploring by bicycle or on foot. Rutland Water, just down the A1, is a favourite spot for water sports, fishing and picnics. The Easton Walled Gardens country estate is on the far side of the A1. Very well connected, main line railway stations at nearby Grantham and at Peterborough provide frequent direct train services to London Kings Cross (68 minutes and 45 minutes respectively). Road links from Colsterworth are excellent, providing access in minutes to the market towns of Grantham and Stamford via the A1, and roads east-west run to Bourne and Melton Mowbray. The A52 links Grantham to Nottingham and Boston. First-class schooling is on hand; in addition to the famous independent schools at Oakham, Uppingham and Oundle, with Stamford School being even closer at hand, there is a grammar school at Bourne and Newtons own grammar school, the Kings School at Grantham, founded in 1528. The Church of England primary school in the village has a good Ofsted rating, other nearby options being at Buckminster, Great Ponton and Corby Glen, these also having good Ofsted ratings. This is a rarely available opportunity to purchase such a unique forever home and early viewing is advised to avoid disappointment. Contact us today to book your 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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