Land (commercial) for sale

£190,000 Guide Price

Floorplan

Description

Gwel Helyk is located to the west of (Landvue, an existing dwelling) situated to the southeast of Rosudgeon.

The reserved matters approval has been granted to create a four-bedroom detached home.

GIA -168M2

The site is relatively flat and overgrown with small trees and shrubs.

Rosudgeon over recent years has been sought after for development and this land is one of the last areas to be developed in the village.

Location

The site sits between two roads, the A394 to the North and Trevean Way to the south.

Penzance is approximately six miles to the west, and Helston is seven miles to the east.

Commuting and travel from Helston Road are convenient. Penzance railway station offers regular services to nearby towns and cities, making it easy to explore the surrounding areas. Additionally, the A30 road connects Penzance to the rest of Cornwall, ensuring convenient travel by car.

The bus stops are located within 10 meters on the A394, providing regular buses to Penzance, Helston, Camborne, and Falmouth.

Heliport and Ferry to the Isles of Scilly located in Penzance.

Exploring The Beautiful Coastline

One of the key highlights of living on Helston Road is the proximity to the breathtakingly Cornish coastline. Just a short distance by car are beautiful sandy beaches, perfect for leisurely walks, picnics, or water sports activities.

Walking the coast path will bring you views of St, Michaels Mount and across to Marazion, Penzance and Newlyn to the west. To the east across to the Lizard Point and Goonhilly Downs.

Helston Road provides easy access to a variety of amenities, including charming cafes, local shops, supermarkets, restaurants, art galleries, and the Penlee House Gallery & Museum.

Taxi service, fish and chip shop, local garage, car sales, sports and social club, restaurant and Co-op within the village of Rosudgeon. Local beaches and fuel station approx 2 miles.

Taxi service, fish and chip shop, local garage, car sales, sports and social club, restaurant and Co-op within the village of Rosudgeon. Local beaches and fuel station approx 2 miles.

Local Interest

Rosamund Pilcher books and films are based around the area. Prussia Cove within walking distance has been used as the backdrop for films.

Utilities

Services are on site (Water and Electricity)

Western Power (National Grid) runs east on the site

Viewings:

Strictly By Appointment Only

Additional Information available upon request

Brochure

Link to planning documents

Reserved matters approval & conditions.

Design & access statement.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 149950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 4750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 7450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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