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£150,000 Guide Price
SOLD VIA CLIFTON & CO
For sale by Modern Method of Auction; Starting Bid Price 150,000 plus Reservation Fee.
For Sale by Auction T & Cs apply
Subject to an undisclosed Reserve Price
Reservation Fee applicable
The Modern Method of Auction
A rare opportunity has arisen to purchase this idyllic road-fronting irregular shaped parcel of land approaching 1.4 acres. To our knowledge it is one of the last remaining Small Holders Ltd separate plots left untouched for many years in the village of Hartley. We are advised by the seller it was originally a nursery site which was a thriving business during the 1960s producing fruit, plants and flowers, most sold locally, the family benefitting from running the local greengrocers shop which was originally next to the Post Office on the Ash Road.
However, the greenhouses were demolished over 50 years ago so are long gone and just the relics of an old garage and other outbuilding remain. Having been in the same family ownership for many years, the plot is coming to the market for the first time since 1958. The plot in recent times has sat idle for many years, apart from on occasions being used as a pony paddock, the owner has decided to sell for a new custodian to explore its usages. This true gem of a plot made up of two titles K451673 & K944336 is offering vacant possession and is likely to attract an array of interest.
Please Note: The land is outside the defined settlement boundary of Hartley on the Policies Map to Sevenoaks Development Plan and within the Green Belt.
Map location is not available for this property.
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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