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£130,000 Guide Price
The Approval:
Planning permission has been granted for the construction of a new single-storey, split-level, two-bedroom dwelling located to the rear of the existing commercial premises.
The approved scheme includes:
The creation of a new single-storey, two-bedroom detached dwelling on a plot to the rear of an operating dental practice.
An extension to the rear of the existing dental practice to improve staff facilities and create additional workspace.
The existing detached garage (currently used for storage) and the disused loading ramp will be demolished to facilitate the development.
The rear extension to the dental practice (approx.21 sqm) will be completed at the sellers expense, with a preferred arrangement that the purchaser undertakes the build. Completion is required of the dental practice element by or before May 2026.
The Site:
Accessed via a service road
Total site area: approximately 225 sqm
Currently redundant ex-garage and loading ramp.
Location:
The site is situated in the heart of Hayes, a suburban area in the London Borough of Bromley. This location offers a blend of retail shops, convenient transport links, and local amenities, making it a bustling hub for residents.
Local shops and amenities include Sainsburys Local, an array of pubs, specialty retail stores, a dental surgery and a chemist.
Hayes railway station is conveniently located on Station Approach. It serves as the terminus for the Hayes line, operated by Southeastern. Regular services run to London Charing Cross, providing direct access to central London.
The area is well-served by several Transport for London bus routes.
There are several parks and recreational areas nearby, such as Hayes Common and Husseywell Park, offering green spaces for leisure and outdoor activities.
Documents available upon request:
Brochure
Approval & conditions
Design & access statement
GDV and local comparables
Images of proposed internal rooms
Contact the Land Team on
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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