5 bedroom detached for sale

£900,000 Guide Price

5

Bedrooms

3

Bathrooms

Floorplan

This spacious detached home, originally built in the 1950s and extended and fully remodelled in the 1990s, offers excellent potential but does require cosmetic updating to bring it up to modern standards. The property sits on a generous plot with plenty of parking, a large garden, and an oversized detached double garage, which offers huge potential, stp. Further, there is a separate open bay carport.

Entering through a fully glazed vestibule, then stepping into a central hallway engineered oak flooring continues throughout most of the ground floor.

The breakfast kitchen is well-equipped, offering a generous range of wall and floor cabinets and granite work surfaces, along with a full suite of integrated Neff appliances and an American-style fridge freezer. The kitchen flows through to a large dining room, which can also be accessed from the hallway.

Additional ground-floor rooms include a useful study/home office, a utility room, and a guest cloakroom with a W.C. and wash hand basin.

The large sitting room is a particularly impressive space, with a gas fireplace, views across the rear garden, and French doors leading into a conservatory. The conservatory is air-conditioned and includes be spoke sun sails to ensure comfort throughout the year.

And So To Bed - The ground floor features two very spacious ensuite bedrooms, each with fitted furniture and ensuite bathrooms. One has a bathtub with a shower over, while the other includes a shower enclosure.

Upstairs, the property has three rooms, currently arranged as a principal bedroom suite with built-in furniture and an en suite shower room. The room is filled with natural light, thanks to a large window to the rear and Velux roof lights in both the bedroom and the en suite.

There is also a further bedroom linked to what is now used as a cinema room, along with a large walk-in storage area. This area also provides access to additional attic storage.

Completing the first floor accommodation is a large cloakroom with loo and wash basin, which also houses the gas central heating boiler and water tank.

Outside - The property is approached via a scalloped boundary wall and a large block-paved driveway ,with timber gates providing access to the side of the house. The rear garden features a raised lawn and a stone terrace by the conservatory. Beyond the lawn, there is another block-paved area leading to a large detached double garage with electric up-and-overdoors, plus an additional open carport.

Services - Mains water, drainage, gas and electricity are understood to be connected. The property has gas central heating None of the services or appliances have been tested by the agent.

Solar photovoltaic (PV) panels on the garage roof, providing a return on the tariff.

Fixtures And Fittings - Every effort has been made to omit any fixtures belonging to the Vendor in the description of the property and the property is sold subject to the Vendors right to the removal of, or payment for, as the case may be, any such fittings, etc. whether mentioned in these particulars or not.

Local Amenities - The historic Georgian market town of Stamford boasts a wide range of shops, leisure and cultural facilities, together with a vast array of bars and restaurants, making it easy to find something suitable for all tastes. Of note is the well renowned former coaching Inn, The George Hotel.

There is an excellent choice of well- regarded states schools along with highly regarded independent and public schools within close proximity. Stamford is often featured in various national publications as one of the best places to live in the UK.

Both the train station and bus station are within proximity. Stamford is on the Cambridge to Birmingham train line. Trains to London Kings Cross take approximately 45 minutes from the nearby Cathedral City of Peterborough.

The A1 is located within a mile of the town centre and provides good access north and south. Stamford is readily accessible to Rutland Water being approximately 5 miles away and offers a full range of water sports, golf, fly fishing, cycling, walking and sailing.

Plans - The site and floor plans forming part of these sale particulars are for identification purposes only. All relevant details should be legally checked as appropriate.

Finer Details - Local Authority: South Kesteven District Council
Council Tax Band: E
Tenure: Freehold
Possession: Vacant possession upon completion
EPC rating: 81 | B EPC potential: 81 | B

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

£ 745200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 22500
  • 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

£ 70200
  • 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

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

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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