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10 Church Lane, Royston
£1,200,000 Guide Price
Bedrooms
Abode are delighted to offer to market this prime development opportunity in the popular North Hertfordshire village of Therfield. With planning permission granted under application number 24/02606/FP this development is an excellent opportunity to offer high end housing to a desirable village in high demand. The development comprises of a 5 bedroom house (223m2), a 4 bedroom house (202.3m2) and a 3 bedroom house (186m2). Located on a site of slightly over one acre, the homes will be offered with generous plots maximising their desirability and value. It is expected that there will not be s106 contribution for the development, there are no reserve matters with the planning permission. The total development floor size is 611.5 square meters. Access to the data centre is available upon request.
About Therfield
Therfield is a picturesque village nestled in North Hertfordshire, England, offering a blend of historical charm and natural beauty. Situated atop a chalk ridge, it provides expansive views of the surrounding countryside. A notable landmark is Therfield Heath, a vast area of open heathland and a designated Nature Reserve, renowned for its rich flora and fauna.
At the heart of the village lies The Fox and Duck, a multi-award-winning gastro pub celebrated for its warm hospitality and delectable cuisine. With stunning gardens and a childrens play area, it serves as a beloved gathering spot for both locals and visitors.
Education in Therfield is exemplified by Therfield First School, a community school for children aged 4 to 9. In its most recent Ofsted inspection in October 2023, the school achieved a Good rating overall, with Outstanding recognition for personal development.
Therfield seamlessly combines its rich heritage with modern amenities, making it a delightful destination for those seeking a quintessential English village experience.
Proximity to Local Train Stations:
Royston Railway Station: Located approximately 3 miles (4.8 km) northeast of Therfield, Royston Station offers regular services to London, Cambridge, and other destinations.?
Ashwell & Morden Railway Station: Situated about 4 miles (6.4 km) northwest of Therfield, in the hamlet of Odsey, this station serves the villages of Ashwell, Guilden Morden, and Steeple Morden.
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.
10 Church Lane, Royston
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