4 bedroom detached for sale

£450,000

4

Bedrooms

2

Bathrooms

Floorplan

Stunning Four Bed Detached Family Home!

This charming residence presents an exceptional opportunity to enjoy the lifestyle you have long envisioned - featuring generous proportions, distinctive character, and an enviable location within a picturesque village setting. Boasting multiple spacious rooms and ample outdoor areas ideal for entertaining, this property meets all the essential criteria for refined living.

On the ground floor, youll find several versatile reception areas, including a stunning lounge featuring exposed beam ceilings. The spacious kitchen/dining room is a real highlight, complete with bi-folding doors that open onto a large garden patio perfect for blending indoor and outdoor living during the warmer months. Additional rooms on this level include a snug or office, a pantry, a shower room, and an extra reception room, offering flexibility to suit all family needs.

Upstairs, there are four well sized bedrooms plus a walk-in storage room, all accessed via a beautiful galleried landing that overlooks the dining space below. The master bedroom benefits from fitted eaves wardrobes, and a newly fitted, high-specification bathroom with an elegant oval bathtub completes the upper floor.

The large westerly facing garden enjoys sunshine throughout the day and features a well maintained lawn alongside an expansive patio, ideal for barbecues and gatherings, as enjoyed by the current owners. Parking is plentiful, with a double driveway and a garage equipped with power and lighting. The front garden has also been recently landscaped with a fresh new lawn.

Charming Village & Countryside Setting

Nestled in the village of South Witham, the property benefits from a strong sense of community. The village features a primary school, two shops, a pub, a doctors surgery, and a village hall hosting an array of events. Theres also a sports field, childrens play park, and easy access to scenic countryside walks and cycling routes.

With quick access to the A1 and close proximity to market towns like Stamford, Oakham, and Grantham, the location is ideal. Granthams train station is just 10 miles away, offering regular services to London Kings Cross in just over an hour - perfect for commuters!

EPC rating: D. Tenure: Freehold,

Features
  • Freehold

Map location is not available for this property.

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

£ 373950

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
    £ 11250
  • 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

£ 36450
  • 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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