5 bedroom detached for sale

£750,000 Guide Price

5

Bedrooms

2

Bathrooms

Floorplan

A substantial detached family home originally built in the 1970s which has been extended and re-modelled over the years to now offer the very light, bright and spacious accommodation that we see today. With four reception rooms and five bedrooms this individual home offers delightful, private gardens to both the front and the rear, plenty of parking and an integral garage.

Situated in the prime location of Roman Bank, within easy access of all that Stamford has to offer.

Step Inside - Entering, into the entrance hall, with pretty tiled flooring, you notice an immediate sense of light and airiness which continues throughout the property.

To the right is the main sitting room, with large windows to the front, flooding the room with natural light. An electric fire gives a great focal point to the room, with useful book shelving to the side.

Following on from the sitting room and towards the rear of the property, versatility is the key. The owners currently have an informal dining area, adjacent to the kitchen, or perhaps ideal as a home office or music room.

Directly to the right of this is the formal dining room, ideal for holding the largest of dinner parties along with being just across from the kitchen.

The kitchen, which is well equipped, overlooks the rear of the property and has a generous range of wall and floor cabinets with granite worksurfaces. Integrated appliances include a dishwasher, washing machine, microwave oven and a freestanding range cooker. A useful door to the enclosed private rear garden enhances the connection with the outdoors.

Completing the reception rooms downstairs is the family room, which nicely flows from the informal dining room having direct access into the garden. With a warm roof ensuring all year round use.

Back in the hallway, a guest cloakroom is conveniently situated.

First Floor - A bright spacious landing area provides access to 5 bedrooms, the family bathroom and ensuite to the principal.

The extremely spacious principal bedroom is situated to the front of the property, with views over the front garden. In-built wardrobes provide excellent storage, while the luxurious ensuite provides a large walk-in shower, vanity units with sink, a loo, and a heated towel rail, all of which is complemented by fully tiled walls.

There are three further generous bedrooms, with the fifth either ideal as a single bedroom or home office, all having in-built storage. The family bathroom completes the upstairs with a panelled bath, with shower over, loo and pedestal wash hand basin.

Local Amenities - Stamford, once called the 'finest stone town in England' by Sir Walter Scott, is known for its stunning Georgian architecture and vibrant community. It was the first Conservation Area in the UK and frequently appears in 'The Best Places to Live in the UK.' The town boasts a variety of restaurants, boutique shops, and amenities, plus landmarks like The George Hotel and Burghley House. With direct train links to London, Cambridge, and Birmingham, and easy access to Rutland Water, Stamford offers both rich heritage and modern convenience for commuters.

Step Outside - The property is approached through gates onto a generous driveway that can accommodate numerous cars and leads to the integral garage with electric up and over door.

There is a separate store next to the garage, which houses the gas central heating boiler and offers further storage.

A personnel gate by the side allows access to the beautifully private and fully enclosed rear garden, where a shaped lawn meets raised planters. A terrace provides ample room for your garden furniture, a wonderful setting for alfresco dining and evening entertainment.

To the front is a terrific and very special south facing enclosed tiered garden, offering great privacy through clever planting. The bottom tier, with pergola, is ideal for relaxation where the next has another wonderful size lawn giving ample room for children to play in.

AgentS Note - There are freehold solar panels on the roof, please speak to the agent for income details.

Services - Mains water, drainage, and electric are understood to be connected. The property has gas fired central heating. None of the services nor appliances have been checked by the agent.

Fixtures & 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.

Finer Details - Local Authority: South Kesteven District Council
Council Tax Band: F

Tenure: Freehold
Possession: Vacant upon completion

EPC Rating: 85 | B
EPC Rating Potential: 87 | B

Map location is not available for this property.

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

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Cumulative Rental Profit

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Cost of Purchase

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  • 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

£

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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