3 bedroom semi-detached for sale

£260,000

3

Bedrooms

1

Bathrooms

Floorplan

Three bedroom semi-detached home on Station Road in North Hykeham, occupying a generous plot, offering flexible living space for those families looking to upsize. Modernised and presented to a high standard by the current owners, this property is a must view to be fully appreciated.

Three bedroom semi-detached home on Station Road in North Hykeham, occupying a generous plot, offering flexible living space for those families looking to upsize. Modernised and presented to a high standard by the current owners, this property is a must view to be fully appreciated. Internally comprising of an entrance hall with utility cupboard, three reception rooms, modern fitted kitchen and shower room plus three good sized bedrooms. Externally benefitting from off road parking for multiple vehicles, landscaped rear garden and a single garage.

North Hykeham is situated to the south of the city, benefitting from a range of amenities including schooling of all ages, supermarkets, doctors surgery, shops and much more. Regular bus service operates into Lincoln city centre with road and rail links also nearby.

EPC Rating - D
Council Tax Band - B
Tenure - Freehold

Entrance Hall - PVC front door, tiled flooring and a light fitting. To the side is a utility style cupboard housing the plumbing for a washing machine, wall unit storage, housed mains consumer unit, tiled flooring, light fitting and the wall mounted Worcester combination boiler.

Living Room - 4.942 x 3.712 (162' x 122') - PVC window to the front aspect, carpet flooring, ceiling and wall lighting, radiator and a gas feature fire with hearth and surround.

Kitchen - 3.652 x 2.594 (1111' x 86') - Base and eye level high gloss units with laminated work surfaces and feature lighting, tiled splash backs and an inset composite sink and drainer. Fitted oven and microwave, gas hob with extractor over plus space for an American style fridge freezer. PVC window to the side, tiled flooring and a light fitting.

Hallway - Tile effect laminate flooring, pendant fitting, radiator, digital thermostatic control and a built in storage cupboard.

Shower Room - 2.733 x 1.674 (811' x 55') - Fully tiled room offering a three piece suite comprising of a low level WC, vanity wash basin and a double cubicle with thermostatic rainfall shower over and separate handheld body sprayer. PVC side window, heated towel rail, spot lit ceiling and extractor.

Dining Room - 3.010 x 2.277 (910' x 75') - PVC window to the rear, tile effect laminate flooring, light fitting and a radiator.

Family Room - 4.296 x 3.335 (141' x 1011') - PVC patio doors leading out to the garden, carpet flooring, light fitting and a radiator. Stairs rising to the first floor with a storage cupboard below.

Stairs / Landing - Carpet flooring and a light fitting.

Bedroom - 3.806 x 3.101 (125' x 102') - PVC window to the front aspect, carpet flooring, pendant fitting and a radiator.

Bedroom - 3.817 x 3.243 (max measurements). (126' x 107' ( - PVC window to the front aspect, carpet flooring, pendant fitting and a radiator. Fitted mirrored sliding wardrobes and a single cubicle housing the Mirror power shower.

Bedroom - 5.516 x 3.247 (max measurements). (181' x 107' ( - PVC window to the side aspect with a further Velux window to the rear, wood effect laminate flooring, ceiling lighting, radiator and storage available to the eaves.

Outside - To the front is a shared block paved driveway, suitable for multiple vehicles to park off road.
The rear offers a fully enclosed, landscaped and low maintenance garden with spacious patio seating areas, feature gravel and raised beds for planting. Gated access to the front.

Garage - 6.273 x 3.679 (206' x 120') - Up and over door to the front with a PVC personnel door tor the rear, side PVC window, separately fused for light and power. The front of the garage is accessed via a right of access only gravel driveway to the side of number 95. Parking is available on the block paved driveway to the front or inside the garage to the rear only.

Fixtures & Fittings. - Please Note : Items described in these particulars are included in the sale, all other items are specifically excluded. We cannot verify that they are in working order, or fit for their purpose. The buyer is advised to obtain verification from their solicitor or surveyor. Measurements shown in these particulars are approximate and as room guides only. They must not be relied upon or taken as accurate. Purchasers must satisfy themselves in this respect.



Features
  • Freehold

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

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • 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.

£

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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