Property Details


Stunning 4 Bedroom Townhouse – £44,650 Price Reduction

Spalding, Lincolnshire

England

Prices From £190,000

Available


IMMACULATELY PRESENTED GRADE TWO LISTED GEORGIAN TERRACED TOWN HOUSE OVERLOOKING THE RIVER WELLAND!! The spacious accommodation is set over four floors and offers three reception rooms, large kitchen, two bathrooms, four large bedrooms and enclosed rear courtyard. This property benefits from being close to Spalding Town Centre and offers ideal potential for investment buyers, business opportunities and conversion to flats (subect to planning)

Available with 19% discount and securing the GPI investor with £44,650 instant equity on completion.  The property is available with vacant possession with an estimated rental income of £1000 pcm, which results in a gross yield of 6.0%.

Based on a  80% LTV 2 year tracker (TMW) of 4.14% (subject to status), the monthly mortgage payments are £648 pcm with positive monthly cashflow of £352 pcm.

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Property Summary


  • Grade Two Listed Georgian Town House
  • Mid Terraced
  • Accommodation Over Four Floors
  • Three Reception Rooms
  • Four Large Bedrooms
  • Two Bathrooms
  • Rear Courtyard
  • Gas Central Heating

Financial Breakdown


GPI Price: £190,000
Deposit Required: £38,000
Rental Income: £1,000
Mortgage (4.14% @ 80% LTV) £648 pcm
Cash Flow Positive: £352 pcm
Gross Yield: 6.3%