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£400,000 Offers in excess of
Bedrooms
Bathrooms
Conveniently situated in Colsterworth, about halfway between Stamford and Grantham, and a just over a minutes drive from the A1, is this wonderful four bedroom family home. The attractive, friendly village is an ideal choice for either professional people who need easy access to London or other cities combined with the joys of the countryside which also makes it a perfect home for a family.The rooms are well proportioned and are set over three floors. On the ground floor is a lounge that measures an impressive 229' x 1511'. This has a fireplace with a solid fuel burner, high ceilings and is the fabulous place to spend time unwinding and relaxing. Behind the lounge you will find the dining room with French doors opening onto the garden. The dining room leads to the high specification kitchen/breakfast room. Here the owner has spared no expense with granite work surfaces and quality made units and another set of French doors opens to the rear garden. There is also a ground floor WC and utility on the ground floor.On the first floor is a Master suite, comprising a good size main bedroom with a modern fitted en-suite shower room. There is a lovely light and airy guest room with a vaulted ceiling and Velux window as well as double aspect windows. Step down into the family bathroom, which really has the wow factor, with its curved free-standing bath and matching suite, vaulted ceiling, and Velux window. Bedroom three is also found on this floor. A twisted staircase takes you up to the second floor which has a study offering impressive views over the immediate properties and the church tower beyond. This space is open plan to bedroom four which has two Velux windows and lots of eaves storage.The property has a large shingle driveway to the side which has a wood store and can accommodate up to three vehicles. There is a secluded rear garden which is ideal for having friends over for outdoor entertaining or simply a quiet place to soak up the sunshine with the large patio and lawn being ideal for both.Just a short walk down the road youll find the White Lion Public House which is a lovely, friendly village pub and restaurant. There is also a well-stocked village shop, a Co-Op, and a doctors surgery as well as variety of village events throughout the year.
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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