4 bedroom detached for sale

£750,000

4

Bedrooms

3

Bathrooms

Floorplan

Homes like this are rarely available. We are proud to bring this beautiful Georgian style home to market in the sought after village of Scotton, Lincolnshire. Built around 1870 and owned by the same family for the last four decades, in which time it has been loved, maintained and upgraded superbly by the current owners.

Sitting on a substantial plot which opens out onto open countryside, we have multiple seating areas, ornate gardens and mature lawns, the owners have regularly had a lawned tennis court in use at the bottom of the garden.

In the 1990s the house was substantially extended with the addition of the garden room, study, double garage and the extension of the kitchen, which has then been recently upgraded with a bespoke Murdoch Troon kitchen which is stunningly finished and has an additional pantry.

The layout of house is typical of the era, spacious rooms with high ceilings and tall windows, throughout the house retains its features and dcor is in keeping with style of house. We have four reception rooms, a utility and w.c., large central hall and office on the ground floor. While upstairs we have a galleried landing, four double bedrooms, two with en suites and a contemporary bathroom upstairs.

Frontage And Drive -

Entrance Hall -

Kitchen - 4.08 x 4.04 (134' x 133') -

Garden Room - 5.54 x 3.05 (182' x 100') -

Study - 3.05 x 1.95 (100' x 64') -

Utility -

Lounge - 4.06 x 4.04 (133' x 133') -

Sitting Room - 4.06 x 3.47 (133' x 114') -

Dining Room - 4.06 x 3.47 (133' x 114') -

Landing -

Bedroom One - 5.10 x 3.47 (168' x 114') -

En Suite -

Bedroom Two - 4.06 x 2.90 (133' x 96') -

En Suite -

Bedroom Three - 3.47 x 3.46 (114' x 114') -

Bedroom Four - 4.06 x 3.19 (133' x 105') - Family Bathroom

Family Bathroom -

Double Garage - 6.28 x 5.53 (207' x 181' ) -

Patio -

Gardens -

Tennis Court -

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 621450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 18750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 58950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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