4 bedroom detached for sale

£370,000

4

Bedrooms

2

Bathrooms

Floorplan

AGENTS NOTE This is a stylish modern home that has despite its relatively recent build already benefits from improvement and modernisation. This including the creation of a superb open plan living/dining/kitchen. The kitchen section having also been refitted, as has the family bathroom. There are four bedrooms to the first floor all with built in double wardrobes, the principle bedroom also having an en-suite shower room. Further improvements have seen the creation of an additional room this being suitable for a wide range of uses but most likely a home office, fifth (ground floor) bedroom or play/media room. The property stands in a very popular location this due in no small part due to its proximity to the town centre of Grantham as well as ease of access to both North & South junctions of the A1 trunk road. There is also a modern primary school within the same development along with a pub/restaurant within a ten minute walk of the property.

ENTRANCE HALL 13 10" x 3 10 (extends to 410")" (4.22m x 1.17m) The hallway creates a warm and stylish welcome to the property. Entrance door opening to a generous hallway having a "vintage" oak effect floor finish, radiator.

GROUND FLOOR CLOAKS/WC 4 7" x 3 9" (1.4m x 1.14m) Having wash hand basin with surrounding vanity unit. Close coupled WC with concealed cistern. Stylish splash back tiling. Extractor fan.

SITTTING ROOM 14 0 (157 max)" x 10 5" (4.27m x 3.18m) Spacious principal reception room with feature bay window to the front elevation. TV aerial point. Telephone point. Two radiators.

LIVING / DINING / KITCHEN 25 0" x 9 6 (Ave)" (7.62m x 2.9m) This triple purpose space is a stunning feature of the house! The owners have created a wonderful, modern open-plan living dining kitchen which extends/returns in to the adjacent conservatory. The space forms a wonderful, truly enviable hub to the home one which would grace and enhance any home. It is ideal for families and entertaining with ample space for a fabulous fitted kitchen, as well as dining and living space. The kitchen area has been recently refitted with a range of both base and eye level units the base level units, the base level units being surmounted by contemporary worktops with matching upstand and splash back adjacent to hob. Inset acrylic sink unit by "Lamona" having one and a half bowls and swan neck mixer tap. Concealed gas boiler. Built in appliances including, multi-function oven and hob above this is a four ring induction hob and over this in turn is a fan hood. Fully integrated dishwasher. Double glazed window to rear and door opening to outside. Further door to the utility.

UTILITY ROOM 5 8" x 5 6 (max.)" (1.73m x 1.68m) With power and light. Space for white goods.

CONSERVATORY 11 0" x 9 1" (3.35m x 2.77m) Lying open plan to the dining/kitchen the generous conservatory adds valuable additional space and additional natural light to this fabulous hub to the home. A generous polygonal shape of PVCu construction with double glazed units over a brick base. Occupants can sit and relax in the conservatory enjoying the attractive aspect over the garden with a good degree of privacy too.

HOME OFFICE / GROUND FLOOR BED (5) 10 3" x 8 6 max (narrows to 77")" (3.12m x 2.59m) The property has the sought after benefit of yet another very useful room. This additional space is of good proportions and could be utilised to suit the individual needs of the buyer. The room would make an ideal home office, media room, play room or indeed could be used as a Ground Floor 5th Bedroom. The room has a double glazed window to the side elevation.

Stairs rise from the entrance hall to the first floor landing.

LANDING 16 6" x 6 3" (5.03m x 1.88m) Large landing with double glazed window to side. Door to airing cupboard.

PRINCIPLE BEDROOM - ENSUITE Generous double bedroom with built in wardrobes and door to ensuite shower room.

PRINCIPLE BEDROOM 12 4" x 10 2" (3.76m x 3.1m) Generous double bedroom with radiator, double glazed window. Built in double wardrobe. Door to en-suite.

EN-SUITE (Shower Room) 5 5" x 4 3 (Plus shower cubicle recess)" (1.65m x 1.3m) Having three piece suite comprising: shower cubicle, close coupled wc with concealed cistern and wash hand basin inset to vanity unit. Vertically mounted, combined radiator/heated towel rail. Double glazed window.

BEDROOM 2 12 9" x 9 5" (3.89m x 2.87m) Further good size double bedroom with radiator. Built in double wardrobe. Double glazed window to the front elevation.

BEDROOM 3 10 2" x 8 3" (3.1m x 2.51m) Once again a double proportion room, this time with double glazed window to rear. Radiator. Built in double wardrobe.

BEDROOM 4 7 4" x 6 6" (2.24m x 1.98m) With double glazed window to rear. Radiator. Once again benefitting from built in double wardrobe.

FAMILY BATHROOM 6 7" x 6 5" (2.01m x 1.96m) Attractively refitted with a three piece suite comprising bath with shower/mixer tap, close coupled wc with concealed cistern and wash hand basin with mixer tap. Stylish "mermaid boarding" in part to walls. Obscured glazed, double glazed window. Radiator. Extractor fan. Electric shaver socket.

OUTSIDE The property stands in an extremely popular location, one characterised by high status detached homes on good size plots. The property benefits from the same having notably good size gardens to both front and rear. To the front of the house is an open plan garden laid in part to law. This being flanked by a driveway affording off street parking and access to a single part integral garage. To the rear of the property can be found another feature of the house in the form of the back garden. This garden is generous in nature, offering a good degree of both privacy and maturity. It is laid predominantly to lawn with well stocked borders having a variety of flowering plants and shrubs. The garden is fully enclosed by fencing. Also benefits from a timber constructed garden office/summer house

These particulars are for the guidance of proposed purchaser/s and do not represent the terms of a contract, they must be accepted as a guide only and are issued without any responsibility for the vendor, Martin & Co or its employees. Measurements shown in these particulars are approximate and a guide only, they should not be relied upon or taken as correct. We have not tested any services or equipment within this property. We recommend purchasers obtain legal advice & survey/s before committing to purchase. No person representing this firm has the authority to give any warranty or representation in respect of this property. New money laundering regulations require us to verify the identity, financial status and ability to proceed with a purchase at the time of offering, of any prospective purchase.

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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

£ 307950

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
    £ 9250
  • 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

£ 30450
  • Mortgage Interest
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    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)
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  • Letting Fee
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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

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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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