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25a West Street, Kent, ME10 1AL
£1,450,000
A rare opportunity to acquire a site in Newington, Kent, with planning permission for 10 houses. The development consists of 7 three-bedroom houses and 3 four-bedroom houses, each with its own unique features and benefits.
The houses are designed to provide comfortable living spaces and modern amenities, with ample outdoor space for residents to enjoy.
The site is situated in a prime location, with easy access to local amenities, transportation links, and surrounding attractions. The area is known for its picturesque countryside views, historic landmarks, and vibrant community.
The 3 bedroom houses are designed with modern living in mind, featuring spacious bedrooms, well-appointed kitchens, and comfortable living areas. Each house has plans for its own private outdoor space, providing a perfect place to relax and unwind.
The 4 bedroom houses offer even more space and luxury, with large bedrooms, and spacious living areas. These houses are perfect for families or individuals looking for a more spacious and luxurious living experience.
Newington is well situated between Sittingbourne and Rainham with walking distance to a train station with routes to the Kent coast and London as well as quick access to trunk roads such as the M2/A2 and M20.
Newington offers plenty of amenities, these include a convenience store, school, church, restaurant, pharmacy and coffee shops.
In summary, this site in Newington, Kent with planning permission for 10 houses is in a prime location offering modern design, and ample outdoor space. With other developments in the area proving popular on the re-sale market this is sure to be an attractive opportunity
Following the Estate Agents Act 1979, we must disclose that we have a personal interest in this property
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
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.
25a West Street, Kent, ME10 1AL
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