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£1,000,000
Bedrooms
Bathrooms
Built in 1969 to very exacting standards by the original owner and immaculately presented this property demands inspection for those BUYERS IN A POSITION TO PROCEED and we strongly recommend viewing the virtual tour initially to appreciate the exceptional quality this property has to offer. The property is set in seven acres and is approached from a private lane which runs through fields off the A620 between Gainsborough and Retford being around one kilometre down on the right with access via two wrought iron gates in high level pillars with feature lion statues overlooking the local area, down a stone chip driveway with lampposts
Council Tax Band: G
Tenure: Freehold
Accommodation - There is a porched entrance with four stone pillars which lead to the wooden entrance door which has two glass panel inserts leading into:
Entrance Hallway - Providing access to the lounge, dining room, kitchen diner and downstairs cloakroom, stairs rising to the first floor with oak panelled walls, ornate coving to ceiling with two roses, Karndean flooring, cloakroom, three radiators and wall mounted thermostat.
Reception Room - 6.32m x 5.12m - Oak panelled walls, built in fireplace with surround and log burner sited on a tiled hearth, TV point, ornate coving to ceiling with two roses, two double windows to the front elevation and one to the side, four radiators. A special feature in this room are the four pillars set in each corner.
Dining Room - 5.44m x 4.36m - With feature fireplace and surround, oak panelled walls, ornate coving to ceiling with rose, Karndean flooring, double window to the side elevation, three radiators, opening leading into:
Conservatory - 4.62m x 4.00m - Overlooking the rear garden with access door to the side, tiled flooring, two wall lights, seven independently opening windows and radiator.
Kitchen Diner - 6.60m x 6.35m - Benefiting from high quality hand carved wall and base units throughout with space for range cooker, built in double fridge, dishwashe
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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