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£1,750,000

North Street, Stamford

  • 5 beds
Flat

£1,750,000

  • 5 beds
Flat
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Estimate monthly mortgage payment:

£7,989 per month

Minimum deposit amount:

£87,500
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Description

A rare opportunity to acquire a substantial character property in the heart of Stamford’s town centre with flexibility of residential or commercial use, with off-road parking and a private enclosed courtyard garden. NO CHAIN.

Originally built in 1855, this former old seed merchant factory has been redeveloped over the years and most recently converted to offer self-contained serviced apartments across three floors. This provides an excellent income via Air B&B.

Externally, the property includes a private, walled courtyard garden which is perfect for alfresco dining and entertaining. Car parking is available in the public carpark opposite the property, with residential permits available for approximately £50 per year via the local council.

The ground floor currently presents itself as a high-standard living quarter for the current owner, with accommodation comprising an entrance hallway which allows access to the other suites, with an internal door that separates the ground floor suite for privacy. The ground floor suite has a master bedroom with sliding glass door to the living quarters and his and her bathrooms. There is a sizeable reception room with Live-in family kitchen and sitting area. Exposed brick wall and steel girders add to the character of this room and a wall of sliding glass leads to a beautiful and private, walled courtyard. On the first floor is a luxurious two-bedroom suite. Both bedrooms benefitting from having their own bathrooms and a large relaxing and dining area with fully equipped kitchen to include integrated appliances and a utility. The relaxing area also benefits from having a Juliette balcony. On the second floor are two studio apartments with well-appointed bathrooms and kitchens. Exposed beams add character and charm to these two rooms. One of the two apartments has the luxury of a Juliette balcony.

The property offers flexibility to continue with the building as a whole, to convert back into one main residence or to split into 4 separate dwellings STPP.

The Georgian town of Stamford offers a fantastic choice of shopping, cafes, pubs and restaurants and leisure facilities, plus a rather range of amenities to include a theatre and cinema, sporting facilities with tennis, football, cricket clubs, gyms, golf courses and a swimming pool. Stamford has some nearby excellent primary & secondary schools. Education in the town is exceptional, provided by the renowned Stamford Endowed Schools. Additional state and independent schooling can be found in nearby market towns such as Bourne, Market Deeping and Oakham. Travel is easy with the high speed trains from Peterborough (only 15 miles away) to London Kings Cross take approximately 46 minutes; ideal for the commuter.

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£7,989 per month
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Stamp Duty tax
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£121,250
Mortgage and legal costs:
£999
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