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£250,000
A fantastic opportunity to build in the popular village of Little Bealings. The plot has an Outline Application (All Matters Reserved) under reference DC/24/0689/OUT - New single family dwelling with associated amenity space and car parking space.
A great opportunity to design your new family home with beautiful views across the rolling countryside. Located in the heart of Little Bealings with a Ofsted rated outstanding primary school and just a short drive to both Ipswich and Woodbridge.
The site will be subject to a Community Infrastructure Levy (CIL). Suffolk Coastal District Council have indicated that the payment will be accessed on the agreed square meterage and it will the responsibility of the purchaser to make any such payment and it is recommended that further investigations are made direct with Suffolk Coastal District Council. An exemption is applicable to homes built or commissioned by individuals for their own use.
Location
The plot is situated within the sought-after village of Little Bealings, off a shared driveway, which is to the west of Woodbridge and on the outskirts of Ipswich. The village has a popular primary school and there are good road links to secondary schools.
The market town of Woodbridge has an abundance of shopping facilities including boutique shops, coffee houses, bars and restaurants. There are also picturesque walks along Martlesham Creek and river Deben.
The A12/14 are both easily accessible as are a number of retail parks providing access to Tesco, Next and M&S Food Hall.
Directions
Please use Sat Nav postcode address IP13 6LT
Important Information
Services
We understand that there are mains services of electricity and water in the adjacent public highway and mains sewage is currently being installed on the shared lane behind but prospective purchasers should satisfy themselves in the regard to their suitability
Agents Note
Additional land available by separate negotiation, please ask the selling agent for more details
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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