3 bedroom detached for sale

£260,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

Situated in a very pleasant location within close proximity to shops, schools and wider local amenities, this very well presented three bedroom home offers great accommodation along with plenty of parking, a good size garden and a detached garage.

Step Inside - Stepping into the home, a reception hallway gives access to a bright spacious sitting room with a feature fireplace and an archway through to the dining room.

The refitted kitchen has a range of wall and floor standing cabinets, in built appliances, ample work surface space plus a rear door leading to the outside space.

The generous conservatory provides a great third reception space with access out to the enclosed rear garden.

First Floor - On the first floor there are three bedrooms, two of which are good size double rooms. The third bedroom is a single room which benefits from an in built wardrobe.

The smart family bathroom has a re-fitted suite with a panelled bath with shower over, a wash basin and a loo.

Outside - To the front of the property is a generous parking area which can easily accommodate a couple of vehicles. To the side is a driveway which leads to a garage which has power and light.

The rear garden is laid to lawn and enclosed by timber fencing.

Local Amenities - Market Deeping is an attractive small market town offering a great balance of convenience and rural beauty. It offers a variety of local amenities, including independent shops, a post office, and supermarkets, making daily life effortless. Families will appreciate the excellent schooling options available for all ages. For leisure, there are plenty of pubs and restaurants to explore, along with a weekly market offering fresh local produce. The town also benefits from a convenient bus route to nearby towns like Bourne, Stamford, and Peterborough, all just a short distance away, providing easy access to more shopping, cultural experiences, and transport links. Whether youre looking for a relaxed lifestyle or convenient access to larger cities, Market Deeping is the perfect spot to call home.

Services - Gas, electricity, water and mains drainage are understood to be connected. The property has gas fired central heating. (None tested by the agent).

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.

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: B

Tenure: Freehold

Possession: Vacant possession upon completion

EPC rating: 70 | C
EPC potential: 86 | 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

£ 217200

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
    £ 6500
  • 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

£ 22200
  • 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

Adjust these figures

  %
  %
£
  %

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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