2 bedroom terraced for sale

£185,000

2

Bedrooms

1

Bathrooms

Floorplan

'' IMMACULATELY RENOVATED TWO BEDROOM TERRACED PROPERTY IN SOUGHT AFTER LOCATION ''

'' NO ONWARD CHAIN ''

Kinetic Estate Agents are delighted to present for sale this immaculately renovated two bedroom terraced property on Albany Street, in the ever popular area off Burton Road.

Internally, the property briefly comprises of Lounge, Dining Room, Kitchen, WC, First Floor Landing, Two Bedrooms and Family Bathroom. Externally, to the front of the property there is parking on street, and a private access way to the rear garden through a passageway. There rear yard is low maintainence with a patio area and storage shed to the bottom of the garden.

The property has been fully renovated from re plastering of all rooms, new boiler and a full redecoration throughout. The property further benefits from gas central heating and double glazing.

Nestled in the sought-after Uphill area of Lincoln, Albany Street offers a fantastic blend of charm, convenience, and community appeal. Just a short distance from the historic Cathedral Quarter, it provides easy access to a range of independent shops, cafs, and restaurants, as well as excellent transport links into the city centre. With its proximity to well-regarded schools, green spaces, and local amenities, Albany Street is an ideal location for families, professionals, and investors alike.

Call Kinetic today on

Lounge 3.20m (10 6') x 3.61m (11 10')
With laminate flooring, wall mounted radiator, door to the front aspect and window to the front aspect.

Dining Room
With understairs storage cupboard, door to the rear garden, additional kitchen storage cupboards, laminate flooring and wall mounted radiator.

Kitchen/Diner 7.78m (25 6') x 3.71m (12 2')
This brand new kitchen comes with a range of matching wall and base units with worktops over, sink and drainer unit with mixer tap, space and plumbing for washing machine, space for fridge freezer, oven, hob, and extractor fan, window to the side aspect, open plan access to the dining room and door into the WC.

WC
With low level flush wc, wash hand basin, and window to the rear.

First Floor Landing
With fitted carpet, loft access, and access into;

Bedroom One 3.21m (10 6') x 3.59m (11 9')
With fitted carpet, wall mounted panel radiator, storage cupboard and window to the front aspect.

Bedroom Two 3.34m (10 11') x 2.57m (8 5')
With fitted carpet, wall mounted panel radiator, and window to the rear aspect.

Bathroom 4.33m (14 2') x 1.97m (6 6')
This large three piece suite comes complete with panelled bath with screen and shower over, wash hand basin, low level flush wc, radiator, storage cupboard and window to the rear aspect.

External
Externally, to the front of the property there is parking on street, and a private access way to the rear garden through a passageway. There rear yard is low maintainence with a patio area and storage shed to the bottom of the garden.

Additional Information
Tenure: Freehold
Council Tax Band: A
Local Authority : Lincoln
Services - All Mains Services - Gas, Electric, Water, and Drainage

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.



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

£ 146075

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
    £ 4625
  • 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

£ 7325
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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.

£

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
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    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

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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