Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£1,400,000 Offers in excess of
The Outline:
Outline planning permission approved on appeal for the development of Amenity Land to create 9 detached homes, each providing up to five bedrooms, landscaping and parking.
The Current Site:
The site extends to 0.36 hectares and lies to the south of an existing residential development along Marlborough Road in the coastal town of Deal.
The site comprises a field which has been grazed by horses over many years.
A small stable and hay storage building exists on site.
(The sellers have also prepared an indicative scheme for fourteen houses STPP)
Location:
Deal is located between Dover (to the South approximately 7 miles away) and Ramsgate (to the North approximately 14 miles away).
Shops:
A number of small supermarkets (e.g. Co-operative Local Store and a Tesco Express) are within 500 metres of the site. The larger supermarkets and stores can be found further to the centre of Deal (approximately 2.5 Km).
Leisure Centres/Recreational Space:
Betteshanger Sports Club is 900 metres from the site. This site also includes a large outdoor public recreational space. Larger leisure facilities and parks can be found at Victoria Park and Deal Leisure centre which are approximately 2 Km from the site.
Public Transport
The land at Marlborough Road benefits from its close proximity to a number of local bus stops (approximately 170 metres) with services to Walmer, Canterbury, Deal and Kingsdown, every 30 minutes to an hour. Additionally, the site is within 1.4 Km of Walmer train station, which has services to Ramsgate and Dover every hour.
Documents Available Upon Request:
Brochure
Outline Approval Document
Design & Access Statement
Owner Comparables
Planning Reference
Link to Planning Documents
Contact the team at Allen Heritage
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
