Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£475,000
Bedrooms
Bathrooms
A Beautifully Renovated Five Bedroom Detached Residence in the Sought-After Village of South Witham
This impeccably presented and extensively modernised five bedroom detached home is situated in the ever-popular village of South Witham. Offering generous and thoughtfully arranged accommodation throughout, the property seamlessly blends contemporary styling with practical family living.
Upon entering, you are welcomed by a spacious entrance hall which leads to a well-proportioned lounge and a stunning open-plan kitchen and dining area. This space has been tastefully designed to create a modern, functional hub for family life and entertaining. Adjacent to the kitchen is a separate utility room which provides access to a covered outdoor seating area, ideal for year-round enjoyment.
The ground floor also includes a contemporary shower room, bedrooms three and four, and a highly versatile room which could serve as a fifth bedroom, home office, or additional reception space, depending on individual needs.
To the first floor, a spacious landing provides access to two further bedrooms, including the principal bedroom which benefits from a private balcony overlooking the rear garden. A stylish and modern shower room completes the upper-level accommodation.
Externally, the property enjoys off-road parking to the front, leading to a large garage. To the rear, a generous garden offers the perfect setting for both relaxation and outdoor entertaining. Additionally, the property boasts two substantial workshops, one housed in a separate outbuilding and the other located to the rear of the garage, featuring ample loft storage.
Further benefits include full uPVC double glazing and gas central heating throughout.
The village of South Witham offers a strong sense of community and a range of local amenities, including a convenience store, primary school, public house, church, and playing fields. Ideally located for commuters, the village offers direct access to the A1 in both north and southbound directions.
South Witham is conveniently situated between the historic market towns of Grantham and Stamford. Grantham offers an extensive array of amenities including supermarkets, independent and high street retailers, cafes, restaurants, leisure facilities, healthcare services, a cinema, and both primary and secondary education, including grammar schools. Granthams mainline railway station provides a direct service to London Kings Cross in approximately one hour.
EPC rating: C. Tenure: Freehold,Map location is not available for this property.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
The Property has been saved to your favorites
/ 5
It's quick and easy
