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47 Cross Street, Spalding

£175,000

Sold STC

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Property summary

Freehold

Fully licensed HMO investment

Mid Terraced Property

Ground Floor Bedsit with Ensuite

Communal Kitchen and Shower Room

4 Further Bedrooms

Rear Courtyard

Convenient Location

EPC Rating - C, Council Tax Band - A

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Charlene Matthews

Senior Negotiator

01775 717360

More about the property

This property represents an excellent opportunity for investors seeking immediate rental income in the growing rental market of Spalding. A well presented and fully licensed House in Multiple Occupation (HMO) located in a popular residential area, offering an excellent turnkey investment opportunity with strong rental demand.

The property comprises of a ground floor self contained bedsit with ensuite with access from the front entrance door. The rear entrance door provides access to the inner hallway, communal kitchen and stairs to the first and second floors. There are 2 bedrooms to the first and second floors with a shared shower room also to the second floor. Each room is designed to provide comfortable and modern accommodation for professional tenants.

Externally, the property offers a private rear court yard and on-street parking.

Situated within easy reach of local amenities, shops, supermarkets, and transport links, the property is ideally positioned for tenants working locally or commuting within the wider Lincolnshire area.

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Stonebow works with Pygott & Crone Estate Agents to provide their clients with expert mortgage and protection advice. Stonebow has access to over 12,000 mortgages from 90+ lenders, so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our clients have access to the latest deals available and receive a first-class service. We will take care of everything and handle the whole application process, from explaining all your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family.

Property documents

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Broadband

Below is an estimate of broadband speeds and availability at this property. This data has been sourced from Ofcom and should only be used as a guide. For more precise speeds and availability consult a broadband provider. NB: Mbps = Megabits (or "meg") per second.

Standard: Download: 19 Mbps / Upload: 1 Mbps or less

Superfast: Download: 80 Mbps / Upload: 20 Mbps

Ultrafast: Download: 10000 Mbps / Upload: 10000 Mbps

Stamp Duty Land Tax

Below is an illustration of the Stamp Duty Land Tax ("Stamp Duty") that would be payable, based on a set of assumptions. You should always check your stamp duty liability and any other costs due with your solicitor or conveyancer.

£1000 would need to be paid in stamp duty on purchasing this property, assuming that you are purchasing freehold, purchasing as an individual (or jointly with someone else), and this will be your only property.

First Time Buyers may claim a discount (relief) on purchases of £625,000 and under.

The stamp duty for first time buyers would therefore be £0.