3 bedroom detached for sale

£250,000 Offers over

3

Bedrooms

1

Bathrooms

Floorplan

'' NO ONWARD CHAIN ''OFFERS OVER 250,000Kinetic Estate Agents are delighted to present for sale this well presented, and spacious three/four bedroom detached house on High Street, in the popular village of Marton. Built in the late 1800s and extended in the 1970s, the property internally briefly comprises of Rear Entrance Porch/Conservatory, Kitchen, Utility Room, Downstairs WC, Reception Room, Lounge, Dining Room, Galleried Landing/Snug, Three Bedrooms and Family Bathroom.The property sits on a great sized plot and is a stones throw from the local village public house. There is a private lane adjacent to the property which you have right of way down and leads to two allocated parking spaces for the property. To the rear there is a large rear garden which is mainly laid to lawn with mature trees, shrubs and bushes. There is an outbuilding and shed, and also features the oil tank.The desirable location is just 5.6 miles from Gainsborough and therefore the catchment area for the coveted Queen Elizabeth Grammar School. the Cathedral City of Lincoln is just 13 miles away with major road links to include the A15 & A46. Locally are such facilities as Lincoln Golf Club as well as regular public transport services.Call Kinetic Today to arrange your viewing
Rear Porch/Entrance 4.72m (15 6') x 2.16m (7 1')With tiled flooring, door to rear aspect, window to the rear aspect, and doors through to;
Lounge 4.60m (15 1') x 3.87m (12 8')A spacious, light and airy reception room having a window to the front and side aspect, TV and telephone points, skirting, coving, wall mounted panel radiator, stunning feature log burning fire with archway through the other reception room, and doors through to the rear porch
Reception Room 3.66m (12 0') x 3.87m (12 8')With wood effect laminate flooring, skirting, coving, wall mounted panel radiator, and window to the front aspect
Kitchen 4.85m (15 11') x 2.81m (9 3')Being fitted with a modern range of base and eye level units with work surfaces incorporating a sink and drainer with mixer tap, space and plumbing for a dishwasher and space for appliances including a fridge freezer, dishwasher and an electric oven with induction hob, warming drawer and cooker hood; complete with a windows to the rear aspect, wood effect laminate flooring, wall mounted panel radiator, breakfast bar and access into;
Utility Room 2.40m (7 10') x 2.77m (9 1')With space and plumbing for washing machine, tumble dryer and windows to the rear aspect
Downstairs WCWith window to the rear aspect, skirting, low level flush wc, wash hand basin, wall mounted panel radiator, and extractor
Dining Room 4.60m (15 1') x 4.72m (15 6')With wood effect laminate flooring, skirting, wall mounted panel radiator, window to the front aspect and stairs rising to the first floor
Galleried Landing/Bedroom Four 4.29m (14 1') x 3.96m (13 0')This gorgeous galleried landing can be used as a snug reception area, but could also be used as a bedroom, with fitted carpet, skirting, wall mounted panel radiator and window to the front aspect
Bedroom One 4.87m (16 0') x 4.60m (15 1')With wood flooring, skirting, wall mounted panel radiator and window to the front and rear aspects
Bedroom Two 4.31m (14 2') x 3.49m (11 5')With fitted carpet, skirting, wall mounted panel radiator and window to the front aspect
Bedroom Three 3.71m (12 2') x 2.95m (9 8')With laminate flooring, built in wardrobes, skirting, wall mounted panel radiator and window to the rear aspect
Family BathroomThis large family bathroom used to be two separate rooms and has been brough into one with tiled flooring, a large walk in shower with rainfall shower, low level flush wc, hand wash basin, tiled walls, towel radiator and window to the rear aspect
ExternalThe property sits on a great sized plot and is a stones throw from the local village public house. There is a private lane adjacent to the property which you have right of way down and leads to two allocated parking spaces for the property. To the rear there is a large rear garden which is mainly laid to lawn with mature trees, shrubs and bushes. There are also an outbuilding and shed, and also features the oil tank.
Additional InformationCouncil Tax Band: DLocal Authority: West Lindsey District CouncilTenure: 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

£ 208950

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
    £ 6250
  • 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

£ 21450
  • 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

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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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