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£235,000
Bedrooms
Bathrooms
'' GREAT SIZED THREE BEDROOM DETACHED HOME IN POPULAR LOCATION ''
Kinetic Estate Agents are delighted to present for sale this well presented and spacious three bedroom detached home on Magnolia Road in Sleaford.
Internally, the property briefly comprises of Entrance Hallway, Living Room, Dining Room, Kitchen, Utility Room, Downstairs WC, Garage, First Floor Landing, Three Great Sized Bedrooms, Ensuite and Family Bathroom. Externally, to the front of the property is a block paved driveway leading to a passageway to the rear garden. The rear garden is low maintainence with patio area, grass area, gravelled and all of which is fully enclosed.
The property further benefits from gas central heating, and double glazing throughout.
Nestled in a desirable residential area, Magnolia Road in Sleaford offers a peaceful yet well-connected location, perfect for families and professionals alike. This charming street provides easy access to local amenities, schools, and transport links, ensuring convenience at your doorstep. The neighbourhood boasts a welcoming community feel, with well-presented homes and green spaces nearby. Whether youre looking for your first home or a place to settle down, Magnolia Road presents an excellent opportunity for comfortable and convenient living.
Call Kinetic today to arrange your viewing
Entrance Hall
With door to the front aspect and door into the lounge.
Lounge 4.04m (13 3') x 4.24m (13 11')
With fitted carpet, wall mounted panel radiator, bay style window to the front aspect, stairs rising to the first floor, and access through to the dining room.
Dining Room 2.87m (9 5') x 2.44m (8 0')
With fitted carpet, french doors to the rear aspect and door into the kitchen.
Kitchen 2.62m (8 7') x 2.84m (9 4')
With a range of matching wall and base units with worktops over, sink and drainer unit, gas hob oven and extractor fan, space for undercounter appliance, wall mounted panel radiator and window to the rear aspect.
Utility Room 1.52m (5 0') x 1.60m (5 3')
With space and plumbing for washing machine, space for fridge freezer and door to the rear garden.
Cloakroom
With low level flush wc, wash hand basin, radiator and window to the side aspect.
First Floor Landing
With fitted carpet, wall mounted panel radiator and loft access.
Bedroom One 3.68m (12 1') x 3.28m (10 9')
With fitted carpet, wall mounted panel radiator, built in wardrobe, and window to the front aspect.
Ensuite
With three piece suite including shower cubicle with shower over, wash hand basin, low level flush wc, and window to the side aspect.
Bedroom Two 3.66m (12 0') x 2.46m (8 1')
With fitted carpet, wall mounted panel radiator, built in wardrobe, and window to the front aspect.
Bedroom Three 3.20m (10 6') x 2.16m (7 1')
With fitted carpet, wall mounted panel radiator, built in wardrobe, and window to the rear aspect.
Bathroom 2.39m (7 10') x 1.93m (6 4')
With panelled bath with shower over, wash hand basin, low level flush wc, and window to the rear aspect.
Additional Information
Tenure: Freehold
Council Tax Band: C
Local Authority: North Kesteven
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.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £1,016.30
Total Interest: £130,866.97
Overall Total: £365,866.97
Amortization For Monthly Payment: £1,016.30 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £7,450.81 | £4,744.75 | £230,255.25 |
| 2026 | £7,296.73 | £4,898.83 | £225,356.41 |
| 2027 | £7,137.65 | £5,057.92 | £220,298.50 |
| 2028 | £6,973.40 | £5,222.16 | £215,076.33 |
| 2029 | £6,803.82 | £5,391.75 | £209,684.59 |
| 2030 | £6,628.73 | £5,566.83 | £204,117.75 |
| 2031 | £6,447.96 | £5,747.61 | £198,370.15 |
| 2032 | £6,261.31 | £5,934.25 | £192,435.89 |
| 2033 | £6,068.60 | £6,126.96 | £186,308.93 |
| 2034 | £5,869.64 | £6,325.92 | £179,983.01 |
| 2035 | £5,664.22 | £6,531.35 | £173,451.66 |
| 2036 | £5,452.12 | £6,743.45 | £166,708.21 |
| 2037 | £5,233.14 | £6,962.43 | £159,745.78 |
| 2038 | £5,007.04 | £7,188.52 | £152,557.26 |
| 2039 | £4,773.60 | £7,421.96 | £145,135.30 |
| 2040 | £4,532.59 | £7,662.98 | £137,472.32 |
| 2041 | £4,283.74 | £7,911.82 | £129,560.50 |
| 2042 | £4,026.82 | £8,168.75 | £121,391.75 |
| 2043 | £3,761.55 | £8,434.01 | £112,957.73 |
| 2044 | £3,487.67 | £8,707.90 | £104,249.84 |
| 2045 | £3,204.89 | £8,990.67 | £95,259.16 |
| 2046 | £2,912.93 | £9,282.63 | £85,976.53 |
| 2047 | £2,611.49 | £9,584.07 | £76,392.46 |
| 2048 | £2,300.27 | £9,895.30 | £66,497.16 |
| 2049 | £1,978.93 | £10,216.64 | £56,280.52 |
| 2050 | £1,647.16 | £10,548.41 | £45,732.12 |
| 2051 | £1,304.62 | £10,890.95 | £34,841.17 |
| 2052 | £950.95 | £11,244.62 | £23,596.55 |
| 2053 | £585.80 | £11,609.77 | £11,986.78 |
| 2054 | £208.79 | £11,986.78 | £0.00 |
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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Mon Jun 02 2025
All confirmed! We look forward to speaking with you.
Mon Jun 02 2025
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