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£550,000 Guide Price
This approximately half-acre self-build plot adjacent to 31 Shepreth Road (Planning Reference: 25/00343/FUL presents a unique chance to craft your dream home in the picturesque village of Barrington. Subject to planning approval, the plot offers the potential to construct a spacious residence of around 265 square meters (2,863 square feet).
Barrington is renowned for its scenic beauty, community spirit, and proximity to Cambridge. The village green, local pub, and historic church add to its charm.
Self-Build Opportunity: This plot is designated for self-build, offering the freedom to design and construct a home tailored to your preferences and needs.
Planning Conditions:
Prospective purchasers should be aware of specific planning conditions associated with this plot:
Occupancy Requirement: Upon completion, the individual undertaking the self-build must intend to occupy the property as their principal residence for a minimum of three years.
Local Connection: In accordance with local planning policies, applicants with a local connection to the area may receive priority.
These conditions align with South Cambridgeshire District Councils commitment to supporting self and custom-build homes, ensuring that developments meet local housing needs and contribute positively to the community.
Next Steps:
Interested parties are advised to consult the detailed planning conditions and ensure compliance with all requirements. For more information on the planning application and associated conditions, please visit the South Cambridgeshire District Councils planning portal.
This is a rare opportunity to create a bespoke home in one of Cambridgeshires most sought-after villages. With its substantial size and favorable location, this plot is ideal for those looking to embark on a self-build journey.
Please note: All prospective buyers should conduct their due diligence and consult with local planning authorities to ensure compliance with all planning conditions and regulations.
Barrington is renowned as one of the most beautiful villages south of Cambridge, with numerous handsome period buildings set around a large village green, purported to be the longest in England.
It is about 8 miles south west of Cambridge and is close to the A10, giving easy access to the M11. There are mainline railway stations available at Foxton and Shepreth which are 2 miles and 3 miles away respectively.
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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