3-bedroom detached house · PE6 8UP
For saleListed 10 days
Opportunity summary
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About
AVAILABLE TO RESERVE – SHARED OWNERSHIP *** Three-bedroom detached house in Market Deeping, ideal for first-time buyers.
Comprising lounge, kitchen/dining room, cloakroom, utility area, three bedrooms, and family bathroom. Benefits include private rear garden and driveway with parking for two vehicles.
Well located for local amenities, schools, and transport links.
Tenure: Leasehold, PLOT 503 & 504 - THE BIRCH The ground floor welcomes you with an entrance hall leading through to a separate living room, providing a comfortable space to relax and unwind.
To the rear, the kitchen/dining room offers a practical and sociable area for everyday family life, with double doors providing access to the outside.
A separate utility room adds valuable practicality, while a convenient downstairs WC completes the ground-floor accommodation.
PLOT 503 & 504 - THE BIRCH Upstairs, the property features three bedrooms, including a generous principal bedroom measuring approximately 3.33m x 4.28m, complete with its own en-suite shower room.
Bedrooms two and three offer flexibility for children, guests or those working from home, with a modern family bathroom serving the remaining bedrooms.
A useful storage cupboard on the landing provides additional space for household essentials.
Externally, the property benefits from its detached position, offering an appealing choice for buyers seeking a modern home with well-planned living space and the convenience of a separate utility room and two bathrooms.
Monthly Rental Figures Please see below example share value's and monthly rent including charges 10% £34,500 £761.34 25% £86,250 £642.75 45% £155,250 £484.62 75% £258,750 £247.44 Monthly Charges Monthly Charges are broken down to the following Management Company Charges £13.72 Homeownership Management Fee £25.95 Property Insurance £10.11 All charges are reviewed annually inline with your agreement Pets There is a fee payable to the housing association for consent to keep a pet in your home - this is charged at £25+VAT.
Please speak the office for further guidance on this. Council Tax This property is a new build and is currently incomplete meaning the council Tax Banding has not yet been allocated.
EPC This property is a new build and is currently under construction meaning no EPC rating can be given at this current time.
Shared Ownership Critera On the popular shared ownership scheme you are able to purchase a share of the house and then pay the housing Association (Amplius) rent on the remaining share which has not been purchased.
There is then the option to purchase further shares until you own 100% in the future, this is a process called staircasing.
To qualify for Shared Ownership, you must meet the following criteria: - Your annual gross household income is less than £80,000 - Unable to purchase a suitable property for your housing needs on the open market.
If your application is successful a reservation fee of £250 is required securing the property to the accepted applicant for a period of 8 weeks.
Within this timeframe all accepted applicants are required to be in a position to, and where possible, exchange on the property.
Belvoir Disclaimer Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed.
If there is any point, which is of particular importance to you, please obtain professional confirmation. All measurements quoted are approximate.
These Particulars do not constitute a contract or part of a contract
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Vulcan Drive, Market Deeping, PE6
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