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£75,000
Bedrooms
Bathrooms
Wisemove are pleased to offer this Two Bedroom Semi Detached house with no chain situated in the village location of Helpringham. This property is in need of a full refurbishment currently has no central heating and is ideal for Developers. Accommodation comprises; Shower Room, Bedroom, Kitchen/Diner, Lounge, First Floor accommodation comprises; Master Bedroom and Family Bathroom. The back boiler is located behind the fire in the lounge, this provides the hot water at the property. The property benefits from part glazed UPVC double glazed windows and the remainder are wooden frames with single glazing, there is parking for one vehicle in a communal parking bay. Access to the property is down a private driveway, which provides access to the front garden, three outbuildings, one of which is currently being used as a utility, with power, and plumbing.
Council Tax Band: B. The property is Freehold with vacant possession upon completion.
This property is for sale by Traditional Auction. The buyer and seller must Exchange immediately, and Complete 28 days thereafter. Interested parties personal data will be shared with the Auctioneer (iamsold).
The buyer pays a non-refundable deposit of 10% of the purchase price upon exchange.
A Buyer Information Pack is provided. The buyer will pay 300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.80% of the purchase price including VAT, subject to a minimum of 6,000.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than 450.00. These services are optional.
Accommodation
The property is entered via a part glazed UPVC double glazed door leading into:
Kitchen/Dining Area (4.55m (14 11") x 4.60m (15 1"))
Having a UPVC double glazed window to the rear elevation, an aluminium framed sliding patio door to the front elevation, a range of base units with roll edge worksurface, part tiled, cooker with extractor over and benefits from recent plastering of three walls.
Lounge (4.64m (15 3") x 3.73m (12 3"))
Having a UPVC double glazed window to the rear elevation and wooden framed single glazed window to the front elevation, open fire place with raised tiled hearth, back panel and mantle piece, back boiler is location behind the fire for heating the water, feature beam across the ceiling and an under stairs storage cupboard with power and lighting.
Shower Room (1.75m (5 9") x 1.45m (4 9"))
Having a wooden window to the side elevation, corner shower cubicle with electric shower, low level W/C, corner hand wash basin and part tiled walls.
Bedroom (2.29m (7 6") x 3.04m (10 0"))
Having a UPVC double glazed window to the side elevation and recently plastered walls.
Master Bedroom (4.09m (13 5") x 3.53m (11 7"))
Having an UPVC double glazed window to the front elevation, free standing wardrobes, telephone point, electric wall mounted heater and sloping ceiling.
Bathroom (3.43m (11 3") x 2.58m (8 6"))
Having an opaque wooden single glazed window to the front elevation, bath, W/C and basin all unattached and currently not fit for purpose, part tiled walls, electric wall heater, airing cupboard which houses the header tank, hot water tank and immersion heater.
Outside Front
The front of the property is mainly laid to lawn, the three outbuildings are located here, there is a communal parking space for one vehicle located in a parking bay.
Outside Rear
There is no rear garden, the property is bounded by neighbouring property to the north and east.
Situation
The desirable village of Helpringham is located six miles south east of the market town of Sleaford and is located with good road and rail connections to Lincoln, Grantham and Peterborough. Local amenities in Sleaford include a doctors surgery, schools, shops, chemist and library. It is convenient for the local RAF bases of Cranwell, Waddington, Digby and Coningsby.
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.
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