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£600,000 Guide Price
Bedrooms
FOR SALE BY THE MODERN METHOD OF AUCTION WITH ADVANCED PROPERTY AUCTION.STARTING PRICE 600,000 PLUS RESERVATION FEES APPLY
A fantastic development opportunity, occupying a prime location on the outskirts of Halifax, within the village of Shelf and close to the local amenities and transport links. The plot extends to approx 0.98ha (2.42 acres) and includes an unoccupied farm house and outbuildings.
Epc Rating (On Farm House) - G -
Windmill Farm offers an exciting opportunity to acquire the current farmhouse, outbuildings and adjoining land to potentially develop in a semi rural location in Halifax. The current dwelling is a large 6 bedroom residence in need of renovation which could be improved or removed to allow space for further development. The site is predominantly flat and and is well positioned close to the village amenities and transport links.
The site has been assessed by the Council with a preferred usage as a New Housing Site, with an indicative capacity of 32 dwellings. Further details can be accessed by following the links below:
Site Number - LP1037
NB The existing dwellings on the land are in a dilapidated and dangerous condition and under no circumstances should it be entered. There is debris which could cause injury so visitors should proceed with caution and wear personal protection equipment including safety footwear.
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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