2 bedroom park home for sale

£210,000 Offers over

2

Bedrooms

2

Bathrooms

Floorplan

Kinetic Estate Agents are delighted to present for sale this beautifully presented two bedroom detached lodge situated in the exclusive and gated development of Thorpe Park Lodges.
Internally, the property briefly comprises of Open Plan Lounge/Kitchen/Dining Room, Two Double Bedrooms, and Ensuite Bathrooms to Both Rooms . Externally, the property is situated on the exclusive gated development of Thorpe Park Lodges, close to Thorpe on the Hill. The exterior also offers a gorgeous decked area which is accessed via the rear of the property with hot tub.
Please Note - 999 year lease starting in 2007, 984 years remaining on the lease. We have been advised that the Service and Maintainence Charge is 2500 per annum due July. The ground rent is 50 + VAT paid at the same time
Thorpe Luxury Lodges is an exclusive development of just 32 beautiful homes, set within 7 acres of secluded grassland in the Lincolnshire countryside, just on the outskirts of the Cathedral City of Lincoln. The development makes the perfect, tranquil retreat for holiday goers, and appeals to those wanting a second home in the countryside, as-well-as investors looking to start-up or increase their holiday let portfolio. The lodges are also not far from Thorpe Park Golf Course and The Activities Away Watersports Park. Also, Lincoln Cathedral and the historic Bailgate Shopping Area ensure there is always plenty to explore. The convenient location also means that days out in Nottingham, the Lincolnshire Coast or the Peak District are easy to enjoy.
Call Kinetic Today to arrange your viewing on .
Open Plan Lounge/Kitchen/Diner 11.18m (36 8') x 3.83m (12 7')This gorgeous, bright and airy reception room has three distinct areas; the lounge area, dining room, and kitchen. The living room has x2 large wall mounted radiator, french doors to the side aspect, two lots of french doors to the front aspect and access into one of the bedrooms.
The dining area has french doors to the front aspect, radiator, two large storage cupboards and wall to ceiling window to the side.
Kitchen AreaWith a range of matching wall and base units with worktops over, sink and drainer unit, oven hob and extractor fan, dishwasher, space and plumbing for washing machine, space for fridge freezer, windows to the front aspect, and door to the side aspect.
WC 2.06m (6 9') x 1.02m (3 4')With low level flush wc, wash hand basin, and wall mounted panel radiator.
Bedroom One 3.71m (12 2') x 3.43m (11 3')With laminate flooring, built in wardrobe, wall mounted radiator and x 2 windows to the side and rear aspect.
Ensuite 2.07m (6 9') x 1.18m (3 10')With three piece suite including shower cubicle with shower over, low level flush wc, wash hand basin with vanity unit, towel radiator, and extractor fan.
Bedroom Two 3.76m (12 4') x 3.07m (10 1')With laminate flooring, wall mounted panel radiator, built in wardrobes, and window to the rear aspect.
Ensuite 2.08m (6 10') x 1.35m (4 5')With three piece suite including shower cubicle with shower over, low level flush wc, wash hand basin with vanity unit, towel radiator, and extractor fan.
ExternalExternally, the property is situated on the exclusive gated development of Thorpe Park Lodges, close to Thorpe on the Hill. The exterior also offers a gorgeous decked area which is accessed via the rear of the property with hot tub and storage shed.
Additional InformationTenure: LeaseholdCouncil Tax Band: BLocal Authority: North Kesteven
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

£ 165450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 5250
  • 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

£ 7950
  • 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.

£

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.

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

£

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

Notes

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