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£8,500,000
Fantastic Development Opportunity with approximately 8.5 Acres of land with dwellings in the immediate vicinity and vehicular access from the road to the land. Available unconditionally, conditionally on obtaining planning permission or via an option agreement. Just further down the road at Hawthorn Close there is currently a development site being constructed showing demand for new build homes in the area is in high demand.
There is an option to purchase an additional 2 acres making the total plot 10.5 acres.
Bicknacre is a village in Essex, England, located approximately 4 miles (6.4 kilometres) southeast of the city of Chelmsford. Its situated in the Chelmer and Blackwater District.
Bicknacre is accessible by road, with the A132 passing through the village. The nearest train stations are in Chelmsford, Wickford and South Woodham Ferrers, providing connections to London and other major cities.
The village is situated in a rural area of Essex, and it is known for its scenic countryside and proximity to the Chelmer and Blackwater Navigation, a waterway with a rich industrial heritage. It offers easy access to the surrounding Essex countryside and is close to various attractions, including nature reserves, parks, and walking trails.
Bicknacre has a close-knit community and is known for its community events and activities. There are local clubs, social groups, and village events that help foster a sense of belonging.
The village has some fantastic amenities, including a primary school, a village hall, and a few local businesses. Residents often travel to nearby towns and cities like Chelmsford for more extensive shopping and services. Merely 8 miles down the road, the lively city of Chelmsford is brimming with opportunities for sophisticated shopping, dining, and entertainment. It boasts two cinemas, a selection of theatres, galleries, museums, and art venues.
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.
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