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£750,000
Bedrooms
Bathrooms
One of Kirton Lindseys most unique and substantial homes. The Priory was built between 1791-4 as a House of Correction and is steeped in history. Virtually all that remains today is what was the prison governors house and has been converted into a substantial family home. With approximately 6000sq.ft of space arranged across the main house and the one/two bedroom annexe this home has endless potential.
On the first floor are four bedrooms, a family bathroom and a further en suite shower room. The annexe is connected via a door from the dining room and has its own kitchen, living room, dining room, study, master bedroom with en suite shower room, two further bedrooms and a bathroom. This annexe has had planning permission in the past to be used as a separate dwelling. Outside is a detached double garage, a small garage/storage outbuilding and gardens on three sides.
Viewings are strictly by appointment, please contact us to book.
Entrance Hall -
Kitchen - 8.00 x 2.35 (262' x 78') -
Utility -
Games Room - 4.97 x 4.52 (163' x 149') -
W.C -
Store -
Sitting Room / Dining Room - 7.50 x 4.25 (247' x 1311') -
Lounge - 6.50 x 3.95 (213' x 1211') -
Formal Dining Room - 4.20 x 3.94 (139' x 1211') -
W.C -
Lobby -
Downstairs Bathroom -
Store -
Shower Room -
Bedroom One (Annexe) - 3.62 x 2.96 (1110' x 98') -
Kitchen - 2.85 x 2.44 (94' x 80') -
Lounge - 4.34 x 3.73 (142' x 122') -
Dining Room - 3.24 x 2.70 (107' x 810') -
Landing -
Bedroom One - 6.74 x 3.96 (221' x 1211') -
Bedroom Two - 5.57 x 3.87 (183' x 128') -
Bedroom Three - 6.35 x 2.70 (209' x 810') -
En Suite - En suite to bedroom three
Bedroom Four - 3.87 x 3.02 (128' x 910') -
Dressing Room - 3.85 x 1.70 (127' x 56') -
Bathroom - 3.87 x 3.13 (128' x 103') -
Bedroom Two (Annexe) - 6.24 x 2.70 (205' x 810') -
Outside -
Garage - 6.10 x 5.86 (200' x 192') -
Additional Outside -
Store -
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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