JC Property presents this chain free three-bedroom detached home in the village of Winteringham, and located on Low Burgage, and a property with so much potential.
This is an ideal opportunity for someone looking to invest, and create their own renovation project, or someone who wants to put their own individual stamp on it or just as a great investment.
The property is situated in the popular village of Winteringham, which offers a small number of shops and other facilities within easy walking distance, and also the home of Winteringham Fields Restaurant.
The property itself is sat on a large plot which equates to a quarter of an acre, with a large frontal driveway with grassed frontal and flower gardens, and also large rear garden with a small out building and sheds.
The ground floor includes a large ‘L’ shaped lounge and dining room with a built in fire place, a good sized kitchen with space for a dining table, and an additional storage room which would be ideal for a utility, a downstairs wc, a rear conservatory and then internal access to the integrated garage, and access to the rear garden.
The first floor benefits from, three bedrooms, comprising, two double bedrooms and a single, the main bedroom and small bedroom include built in sliding wardrobes. The bathroom comes with a green three-piece suite and electric shower.
The property has an EPC rating of (tbc), and a council tax band of D.
Viewings can be arranged by contacting JC Property on 01724 487297.
Tenure : Freehold
Council Tax Band : D
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
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.
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.
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.
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
