3 bedroom terraced for sale

£180,000

3

Bedrooms

1

Bathrooms

Floorplan

IMMACULATELY PRESENTED THREE BEDROOM MID TERRACED HOUSE
Kinetic Estate Agents are delighted to present for sale this spacious and immaculate three-bedroom mid-terraced home situated on the ever-popular Garfield Close, just north of Lincoln city centre. Offering bright and airy accommodation throughout, this home is perfectly suited to first-time buyers, families, or investors.
What Kinetic Estate Agents Loves About This Property
Nina Sharpe (Sales & Lettings Director): I love the flow of this house the lounge opening with window onto the garden makes it ideal for entertaining.
Rob Webb (Director): The location is fantastic, with schools, shops, and the city centre all within easy reach.
Jo Foster (Sales Manager): Its immaculate, tidy and ready to move straight into, which will appeal to first-time buyers and investors alike.
Inside the PropertyStep into the Entrance Hall , there is understairs storage, and access to all ground floor accommodation. The Lounge (6.10m x 3.30m / 200 x 1010) is a generous and welcoming space, filled with natural light from the large front window and window to the rear garden. A feature fireplace with inset electric fire creates a cosy focal point. The Kitchen (3.30 x 2.70m / 1010 x 810) is fitted with a range of wall and base units, a fitted oven, hob, extractor, and space for fridge freezer. With doors to the utility room and window overlooking the garden, its a highly practical family space. The Utility Room (6.10m x 2.70m/ 200 x 810) has space and plumbing for washing machine and space for additional appliances with doors to the front and rear aspects of the property.
Upstairs, the First Floor Landing provides access to three bedrooms, the bathroom, and loft hatch to a partially boarded loft. Bedroom One (4.30m x 3.00m / 141 x 910) a large double with front aspect window. Bedroom Two (3.40m x 2.90m / 112 x 75) another bright room overlooking the rear garden. Bedroom Three (3.30m x 2.90m / 1010 x 96) a generous single or small double, ideal as a childs room or home office. The upstairs accommodation is completed by a Family Bathroom (1.80m x 1.60m / 511 x 53), with bath and shower over, shower cubicle, wash hand basin, tiled walls, and rear window.
To the front, the property is set back from the road with a lawned garden, hedging, and pathway leading to both the front and side entrances. The rear garden is a great size, mainly laid to lawn with a patio area, shrubs, plants, and bushes. There is also a seating area, all enclosed by fencing for privacy. Parking is available on street.
Life at Garfield Close, Lincoln
Garfield Close is located in a popular residential area just north of Lincoln city centre, offering the perfect balance of convenience and community. With schools, shops, and local amenities close by, its an excellent choice for families and first-time buyers. The city centre is only a short drive or bus journey away, providing access to Lincolns historic landmarks, vibrant shopping areas, and diverse dining options. For those who enjoy the outdoors, nearby parks and green spaces offer opportunities for walking and relaxation. The location also benefits from good transport connections, with easy access to the A46 bypass and routes towards Newark, Gainsborough, and further afield.
Material InformationPart A Key FactsTenure: FreeholdCouncil Tax Band: A (City of Lincoln Council)Property Type: Mid-terraced homeBedrooms: Three (two doubles + one single)Bathrooms: One family bathroom + separate WCParking: On-street parkingGarden: Enclosed rear garden with patio, lawn, shrubs, and decked area
Part B Utilities & ServicesElectricity: MainsWater Supply: MainsDrainage: MainsHeating: Gas central heatingGlazing: uPVC double glazingBroadband: Superfast availableMobile Coverage: Good across major providers
Part C Other Relevant FactorsEPC Rating: CFlood Risk: Very low (Environment Agency mapping)Rights & Easements: None knownCovenants: None knownPlanning Permissions: None currently affecting the propertyAccessibility: Accommodation arranged over two storeys with stairs
Disclaimer These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

Features
  • Freehold

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

£
£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 142200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 4500
  • 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

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£

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

£ 7200
  • Mortgage Interest
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    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)
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  • Letting Fee
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  • Maintenance
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  • 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.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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