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£200,000 Guide Price
Offers are invited for the freehold interest in 3 parcels of land just off Bampton Road in Curbridge, that sits behind the cluster of homes including Meggetts Cottage, Kings Cottage, Duttons House, Field House, The Hayloft, Pond View and Poppy Barn. Vehicular access is along a well-maintained lane from the east side of the A4095 between Duttons House and Poppy Barn. On completion, boundaries will be secured by way of a post and wire fence with a metal 5-bar gate at one point of entry per lot. Vehicular access will be granted along the lane and the new perimeter track (as shown in red above). Services are available nearby but connection to the same will be the responsibility of the purchaser.
Lot 1 - Offers Invited around the Guide Price of 160,000. Measures around 1.58 Acres and is closest to Bampton Road. The hedge and ditch to the east boundary will be included with the sale of this lot unless notified otherwise.
Lot 2 - Offers Invited around the Guide Price of 140,000. Measures around 1.39 Acres and adjoins the eastern boundary of Lot 1.
Lot 3 - Offers Invited around the Guide Price of 200,000. Measures around 1.98 Acres and adjoins the North Eastern boundary corner of Lot 2.
These lots are available individually or as one, please contact the agent for more details.
Each lot will be sold with a restrictive covenant (wording to be agreed) to ensure the land is used as a paddock, small holding, wildflower meadow or general agricultural use only. If you have a specific use in mind, please contact the agent for guidance.
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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