3 bedroom detached for sale

£260,000 Offers in excess of

3

Bedrooms

2

Bathrooms

Floorplan

'' OFFERS IN EXCESS OF 260,000 ''
Kinetic Estate Agents are delighted to present for sale this well presented and spacious three bedroom detached house in the ever popular area of Julius Way, on Manor Farm in North Hykeham.Internally the property briefly comprises of Entrance Hallway, Downstairs WC, Living Room, Kitchen, Dining Room, First Floor Landing, Three Bedrooms, Ensuite to Bedroom One, and Family Bathroom. Externally, the property sits on a gorgeous plot and has a fantastic kerb appeal. To the front of the property, is access to the front entrance of the property, and leading to a driveway in front of a detached garage. The rear garden is mainly laid to lawn with patio area, and all of which is fully enclosed.The property further benefits from gas central heating and double glazing throughout.
Julius Way in North Hykeham is a highly desirable location, offering a superb lifestyle with excellent local amenities, including supermarkets, shops, cafes, and leisure facilities such as the North Kesteven Sports Centre. Families will appreciate the areas outstanding schools, including Manor Farm School, North Hykeham All Saints Primary and The Priory Academy LSST. For nature enthusiasts, Whisby Nature Park is nearby, providing beautiful open spaces to explore. The location also benefits from fantastic transport links, with North Hykeham Train Station offering regular services to Lincoln and Nottingham, and easy access to the A46 bypass for commuting to Newark, Leicester, and beyond.Call Kinetic Estate Agents today on .
Entrance HallWith fitted carpet, wall mounted panel radiator, stairs rising to the first floor and door to the front aspect.
Lounge 5.86m (19 3') x 3.27m (10 9')With fitted carpet, feature fireplace, wall mounted panel radiator, window to the front aspect and french doors to the rear aspect.
Dining Room 3.86m (12 8') x 2.82m (9 3')With fitted carpet, wall mounted panel radiator, and window to the front aspect.
Kitchen 3.30m (10 10') x 2.74m (9 0')with exterior entrance door and window to the rear aspect, a range of quality fitted high gloss eye level and base storage units with worktops over and drawers under, under unit lighting and LED lighting to plinth, inset one and a half bowl Belfast sink with extended mixer tap, integrated electric oven, inset four ring gas hob, stainless steel splash-back, extractor hood over, integrated fridge freezer, washer dryer and dishwasher, wall mounted gas boiler concealed in wall unit, useful under-stairs storage cupboardand quality Karndean wood effect flooring.
Downstairs WCWith low level flush wc, wash hand basin, wall mounted panel radiator, and window to the front aspect.
First Floor LandingWith fitted carpet, radiator and window to the rear aspect.
Bedroom One 4.67m (15 4') x 3.76m (12 4')With fitted carpet, wall mounted panel radiator, fitted wardrobes, and window to the front aspect.
EnsuiteWith three piece suite including shower cubicle with shower over, wash hand basin, low level flush wc, radiator and window to the front aspect.
Bedroom Two 3.43m (11 3') x 3.27m (10 9')With fitted carpet, wall mounted panel radiator, fitted wardrobes, and window to the front aspect.
Bedroom Three 2.46m (8 1') x 2.32m (7 7')With fitted carpet, wall mounted panel radiator, fitted wardrobes, and window to the rear aspect.
BathroomWith three piece suite including panelled bath with mixer taps, wash hand basin, low level flush wc, radiator and window to the rear aspect.
Additional InformationCouncil Tax Band CLocal Authority - North KestevenTenure - Freehold
DisclaimerThese 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

£ 217200

Mortgage Loan to Value

%

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
    £ 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

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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
    £

    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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