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£425,000
Bedrooms
Bathrooms
OVERVIEWIf you are looking for a substantial home that is located in a desirable village, then this could be for you.Having been lovingly renovated and extended by the current owners, this delightful, detached house will make somebody a fabulous place to call home. The living accommodation on offer here would suit the largest of families and the rural setting ideal for anyone looking for a place in the countryside.INSIDEStep into the light and airy hallway with stairs that take you up to the first floor. From the hallway, turn right into the bespoke fitted kitchen which has ample cupboard and worktop space and is ideal for anyone who can potentially see themselves as the next Master Chef! This is open plan to a good size breakfast room, with French doors to the rear.Back in the hallway, go straight ahead into the light and airy lounge. The pi"ce de resistance here is the multi-fuel burner which keeps the room warm and cosy and makes this the perfect place to retreat after a long day. This room is open plan to the breath taking garden room with its exposed wooden frame and Chartwell green windows, providing a panoramic view over the garden.To the other side of the property is a separate and well-proportioned dining room, perfect for enjoying meals with family or entertaining friends over a candlelit supper.On this level there is also a gym/office, utility room and WC.Upstairs, there are four decent size bedrooms. The master bedroom has a vaulted ceiling and En-suite. There is a further En-suite to the second bedroom.A fantastic four-piece bathroom can also be found on this floor, with a separate walk-in shower area.OUTSIDEThe rear garden has been landscaped and is mainly laid to lawn with a large patio and pergola. This provides the perfect outside space to soak up the sunshine with friends and family or for a place for the kids to play.Parking will never be an issue with a block paved driveway with enough room for multiple vehicles.LOCATIONWoolsthorpe-by-Colsterworth is a hamlet located in the rural countryside in the valley of the River Witham and is best known for Woolsthorpe Manor, a 17th century farmhouse and home of Sir Isaac Newton. The Manor is now managed by the National Trust where you can visit and see a descendant of the famous apple tree, instrumental in Newtons discovery of gravity.The hamlet lies within walking distance from Colsterworth where there are many great amenities to hand. These include a Church of England Primary School, a Co-Op, a convenience store, a friendly Public House that serves great food, a doctors surgery, as well as many community events throughout the year. In recent years, it was also mentioned in The Sunday Times as being one of the best rural villages to live in Britain.The A1 is within 3 minutes by car for superb road links and is in easy reach of the large market towns of Stamford, Oakham, Grantham, Melton Mowbray and Bourne, where there are excellent schools, shopping, restaurants, and amenities. The surrounding areas also provide a wide range of leisure and recreational opportunities. There is a choice of golf courses within a 15-mile radius, water sports at Rutland Water and other sports clubs in the nearby towns. There is a regular train service from Grantham to London Kings Cross that takes just over an hour, making this a great location if you need to commute for work or if fancy a day trip to London or to the other UK cities.
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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